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    Turnkey Triplex with Separate Meters Title is generated by Realmo AI

    501 W 3rd Street, Monticello, MN 55362

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    Claim this Listing
    Pending
    $417,000

    MULTI_FAMILY - Monticello, MN

    Property size:
    2,977 SF
    Lot size:
    0.50 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    27
    Last Refresh:
    Jun 30 at 12:06 pm

    Property Features for 501 W 3rd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Basement, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5
    Exterior features
    Metal
    Standard status
    Pending
    APN
    155015013040
    Size
    2,977 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    4906

    Utilities

    Heating system
    Baseboard, Forced Air

    Building Details

    Year built
    1956
    Roof type
    Shingle

    We can help!

    Contact an agent
    Marci Segner

    Listing agent Marci Segner

    Listing office RE/MAX Advantage Plus 270 Elm St. E, Savage, MN

    Listing date Jun 4, 2026

    MLS# 7083432 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.

    HighLights

    • Fully occupied triplex with established tenants and lease agreements in place
    • Unit mix: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
    • Separate electric meters serve each unit
    • Major recent updates include new roof (2025), new water heater (2025), and new furnace (2021)
    • Half‑acre lot with outdoor space
    • Remodeled kitchens and bathrooms plus updated flooring, fixtures, and finishes

    Overview

    This turnkey triplex includes two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all currently occupied with established tenants and lease agreements in place. Recent updates include remodeled kitchens and bathrooms, along with refreshed flooring, fixtures, and finishes intended to support strong day-to-day livability. Separate electric meters serve each unit, providing independent utility metering. The property has also seen major capital improvements, including a new roof in 2025, a new water heater in 2025, and a new furnace in 2021.

    Set on a spacious half-acre lot, the property offers outdoor space and room for tenant use and practical site flexibility. It is located near downtown Monticello and close to parks, schools, and shopping, with convenient access to dining and major commuter routes.

    For buyers seeking a residential income property with in-place tenancy, this triplex presents a straightforward path to ownership with leases already established. The combination of unit mix, separate metering, and documented mechanical and exterior updates can help reduce near-term maintenance concerns while supporting ongoing rental operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Wright
    State
    Minnesota
    Longitude
    -93.788109
    Latitude
    45.302739

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    FAQs

    What type of property is this?
    Triplex - Fully occupied triplex with remodeled interiors and separate electric meters for each unit.
    Where is this triplex located?
    The property is located at 501 W 3rd Street Monticello, MN.
    What is the asking price?
    The asking price for this property is $417,000.
    What are key features of this property?
    This property features: Fully occupied triplex with established tenants and lease agreements in place; Unit mix: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Separate electric meters serve each unit
    (952) 226-7700
    We can help!
    Contact an agent
    Marci Segner
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