322 5th Avenue E, Alexandria, MN 56308

Alexandria
Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
322 5th Avenue E,Alexandria, MN 56308
$219,900
  • 7 Beds
  • 3 Baths
  • 4,320 sq. ft.
  • Multi-family
  • Active
Listed by: kristine telkamp, bridget hayen telkamp
Office: counselor realty inc of alex
MLS#:7060763
Source:ND_FMAAR

Price summary

  • Price:$219,900
  • Price per sq. ft.:$50.9

About this home

Duplex investment opportunity in the heart of Alexandria! Situated on a large corner lot, this property includes a 3-car garage and solid income potential. Both units are fully leased, generating immediate cash flow—upper unit rents for $1,200/month and the main floor unit for $1,250/month, totaling $29,400 annually. Each unit offers approximately 1,440 sq. ft. of living space with functional layouts that appeal to long-term tenants. The property features vinyl siding, new roof in 2024, newer windows, and updated furnaces, along with shared laundry in the rear entry. While the property could benefit from some cosmetic updates, it presents a great opportunity for investors to build equity and increase rental income over time. Owner currently pays utilities.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1900
  • Listing ID #:7060763
  • Added:53 day(s) ago
  • Updated:June 17, 2026 at 03:10 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:3
  • Living area:4,320 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1900
  • Building area:4,320 sq. ft.
  • Lot area:0.23 Acres
  • Construction Materials:Brick

Utilities

  • Water:City Water/Connected
  • Sewer:City Sewer/Connected

Finances and disclosures

  • Price:$219,900
  • Price per sq. ft.:$50.9
  • Tax amount:$2,988

Parking

  • Garage spaces:3

New listings near 322 5th Avenue E