501 W 3rd Street, Monticello, MN 55362
- Added:
- Jun 4, 2026
- Days on Market:
- 27
- Last Refresh:
- Jun 30 at 9:06 am
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
Listing agent Marci Segner (952) 226-7700
Listing office RE/MAX Advantage Plus 270 Elm St. E, Savage, MN (320) 264-9241
Listing date Jun 4, 2026
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
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.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Monticello
- County
- Wright
- State
- Minnesota
- Longitude
- -93.788109
- Latitude
- 45.302739
