Quadplex Redevelopment
For Sale
$275,000
1407 State Highway 29 N, Alexandria, MN 56308
Residential Income, Alexandria, MN
Property Size5,304 SF
Lot Size1.01 Acres
Price / SF$51.85
Days on Market22
Property Features for 1407 State Highway 29 N
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 8, Bathroom 4, Bedroom 1, Bedroom 9, Bedroom 3, Bedroom 5, Bedroom 2, Basement, Bathroom 2, Bedroom 6, Bedroom 4, Bedroom 7, Bathroom 1
Parking features
Driveway
High school district
Alexandria
Directions
From Alexandria, State Hwy 29 N to left on Northside Drive to home on right.
Standard status
Active
APN
636302460
Size
5,304 SF
Lot size
1.01 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3606
Utilities
Heating system
Forced Air, Baseboard
Water source
Private, Well
Building Details
Year built
1954
Building materials
Frame
Roof type
Shingle
Listing Agency:
Century 21 First Realty, Inc. · Century 21 Real Estate
(320) 762-8070
Listed By:
Christopher B Sutton
(320) 252-4908
Added: Sep 14
Changed: Oct 4
Last Checked: Oct 5 at 11:06PM
MLS# 7067521
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,304-square-foot frame property was built in 1954 and previously operated as a four-unit apartment building. Interior demolition has been completed, leaving the structure prepared for renovation. The building includes a basement, baseboard and forced-air heating, a shingle roof, and driveway parking. A private well with a newer pump currently serves the property, while city water has been stubbed to the site and the assessment has been paid.
The 1.01-acre parcel fronts State Highway 29 N and includes a large yard with mature trees. A scenic stream crosses the property between Lakes Geneva and Le Homme Dieu. The City of Alexandria has expressed interest in commercial zoning, but no zoning change is stated as complete. The property is being offered in its current condition, with an as-is addendum required with all offers.
The 1.01-acre parcel fronts State Highway 29 N and includes a large yard with mature trees. A scenic stream crosses the property between Lakes Geneva and Le Homme Dieu. The City of Alexandria has expressed interest in commercial zoning, but no zoning change is stated as complete. The property is being offered in its current condition, with an as-is addendum required with all offers.
Key Highlights
- 5,304‑square‑foot frame building on 1.01 acres
- Previously operated as a four‑unit apartment building
- Interior demolition completed in preparation for renovation
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
Demographics for 56308, MN
26,391
Population
14,350
Households
1.8
Avg Household Size
44
Median Age
33%
College-Educated
96%
High-School Grad
155.9 sq mi
ZIP Area
169
Density / Sq Mi
$76,831
Median Household Income
$43,999
Median Earnings
$921
Median Rent
$307,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Interior demolition is complete, leaving a four-unit residential structure ready for renovation or further redevelopment.
Where is this quadplex located?
The property is located at 1407 State Highway 29 N Alexandria, MN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 5,304‑square‑foot frame building on 1.01 acres; Previously operated as a four‑unit apartment building; Interior demolition completed in preparation for renovation
