501 W 3rd Street, Monticello, MN 55362

Monticello
Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
501 W 3rd Street,Monticello, MN 55362
$417,000
  • 5 Beds
  • 3 Baths
  • 2,977 sq. ft.
  • Multi-family
  • Pending
Listed by: marci segner, joy carlson
Office: re/max advantage plus
MLS#:7083432
Source:NSMLS

Price summary

  • Price:$417,000
  • Price per sq. ft.:$140.07

About this home

Excellent turnkey triplex investment opportunity in Monticello! This fully occupied property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit with established tenants and lease agreements in place, offering immediate cash flow and stable rental income. Numerous updates have been completed throughout the property, including remodeled kitchens, bathrooms, flooring, fixtures, and finishes that contribute to strong tenant appeal and pride of ownership. Major improvements include a new roof (2025), new water heater (2025), and new furnace (2021), helping minimize future capital expenses. Separate electric meters serve each unit, and the property is situated on a spacious half-acre lot, offering exceptional outdoor space and flexibility rarely found with multifamily properties. Conveniently located near downtown Monticello, parks, schools, shopping, dining, and major commuter routes, this well-maintained property offers immediate cash flow, a strong rental history, and...

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Home facts

  • Year built:1956
  • Listing ID #:7083432
  • Added:51 day(s) ago
  • Updated:July 26, 2026 at 08:31 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Basement:Yes
  • Basement Description:Block
  • Living area:2,977 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Roof:Age 8 Years or Less, Asphalt
  • Year built:1956
  • Building area:2,977 sq. ft.
  • Lot area:0.5 Acres
  • Lot Features:Corner Lot
  • Levels:1 1/2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$417,000
  • Price per sq. ft.:$140.07
  • Tax amount:$4,906 (2026)

Features and amenities

  • Laundry features:Coin-op Laundry Owned

Parking

  • Garage:Yes
  • Garage spaces:2
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. NSMLS Member Broker: Bob Erickson

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