Leased Duplex with Corner
322 5th Avenue E Alexandria, MN 56308
322 5th Avenue E, Alexandria, MN, 56308
$219,900
Pending
For Sale
$219,900
Pending
MULTI_FAMILY - Alexandria, MN
Property Size2,880 SF
Lot Size0.23 Acres
Days on Market87
Property Features for 322 5th Avenue E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Basement, Bedroom 6, Bathroom 1, Bedroom 7, Bedroom 4
- Parking features
- Garage - Detached
- Exterior features
- Vinyl
- Standard status
- Pending
- APN
- 631200000
- Size
- 2,880 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 2849
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Building materials
- Brick, Frame
Listing Agency
Counselor Realty Inc of Alex
(320) 762-1111
211 Broadway St, Alexandria, MN
Listed by
Kristine Telkamp
(320) 762-1111
Added: Apr 23 Checked: Jul 18 at 8:06 pm
MLS# 7060763
Listing URL
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 duplex investment property at 322 5th Avenue E in Alexandria offers two separate, fully leased units. Each unit provides approximately 1,440 square feet with functional layouts designed for long-term renters. The home features vinyl siding, newer windows, and updated furnaces, with a new roof installed in 2024. Shared laundry is located at the rear entry, and the property includes a 3-car garage.
Set on a large corner lot, the property’s rear-entry laundry access and enclosed parking support day-to-day convenience for tenants. The current tenant occupancy is fully in place, with both units generating monthly rent of $1,200 for the upper unit and $1,250 for the main floor unit, totaling $29,400 annually. The owner currently pays utilities.
For buyers or investors looking for a duplex with immediate occupancy, this property provides an income-producing setup with maintenance-forward improvements including the 2024 roof and updated mechanicals. While the interior may benefit from some cosmetic updates, the overall configuration and existing leasing support a practical, hands-on approach to stabilizing and improving the asset over time.
Set on a large corner lot, the property’s rear-entry laundry access and enclosed parking support day-to-day convenience for tenants. The current tenant occupancy is fully in place, with both units generating monthly rent of $1,200 for the upper unit and $1,250 for the main floor unit, totaling $29,400 annually. The owner currently pays utilities.
For buyers or investors looking for a duplex with immediate occupancy, this property provides an income-producing setup with maintenance-forward improvements including the 2024 roof and updated mechanicals. While the interior may benefit from some cosmetic updates, the overall configuration and existing leasing support a practical, hands-on approach to stabilizing and improving the asset over time.
Key Highlights
- Duplex with both units fully leased for immediate income; combined annual rent listed at $29,400 ($1,200/mo upper, $1,250/mo main).
- Each unit includes approximately 1,440 sq. ft. of living space with functional layouts and long‑term tenant appeal.
- Large corner lot with a detached 3‑car garage and shared laundry in the rear entry.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two fully leased units on a corner lot with a 3-car garage, recent roof, updated windows, and shared rear laundry.
Where is this duplex located?
The property is located at 322 5th Avenue E Alexandria, MN.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Duplex with both units fully leased for immediate income; combined annual rent listed at $29,400 ($1,200/mo upper, $1,250/mo main).; Each unit includes approximately 1,440 sq. ft. of living space with functional layouts and long‑term tenant appeal.; Large corner lot with a detached 3‑car garage and shared laundry in the rear entry.
