322 5th Avenue E Alexandria, MN 56308

$219,900
Active
estimated monthly payment
7 Beds  |  3 Baths  |  2,880 Sq Ft  |  Duplex Up and Down  |  MLS # 7060763
  • Multi Family
    Multi Family
  • Multi Family
    Multi Family
  • Main Floor Kitchen
    Main Floor Kitchen
  • 322 5th Avenue E, Alexandria, MN 56308 Listing Photo  4
  • 322 5th Avenue E, Alexandria, MN 56308 Listing Photo  5
  • 322 5th Avenue E, Alexandria, MN 56308 Listing Photo  6
  • 322 5th Avenue E, Alexandria, MN 56308 Listing Photo  7
  • 322 5th Avenue E, Alexandria, MN 56308 Listing Photo  8
  • Main Floor Full Bath
    Main Floor Full Bath
  • Shared Laundry
    Shared Laundry
  • 2nd Floor Kitchen
    2nd Floor Kitchen
  • 322 5th Avenue E, Alexandria, MN 56308 Listing Photo  12
  • 322 5th Avenue E, Alexandria, MN 56308 Listing Photo  13
  • 3/4 Bath
    3/4 Bath
  • 3/4 Bath
    3/4 Bath
  • 322 5th Avenue E, Alexandria, MN 56308 Listing Photo  16
  • 322 5th Avenue E, Alexandria, MN 56308 Listing Photo  17
  • 322 5th Avenue E, Alexandria, MN 56308 Listing Photo  18
  • 322 5th Avenue E, Alexandria, MN 56308 Listing Photo  19
  • 322 5th Avenue E, Alexandria, MN 56308 Listing Photo  20
  • Garage
    Garage
  • Back of Garage
    Back of Garage

About The Listing

Duplex investment opportunity in the heart of Alexandria! Situated on a large corner lot, this property includes a 3-car garage and solid income potential. Both units are fully leased, generating immediate cash flow—upper unit rents for $1,200/month and the main floor unit for $1,250/month, totaling $29,400 annually.

Each unit offers approximately 1,440 sq. ft. of living space with functional layouts that appeal to long-term tenants. The property features vinyl siding, new roof in 2024, newer windows, and updated furnaces, along with shared laundry in the rear entry.

While the property could benefit from some cosmetic updates, it presents a great opportunity for investors to build equity and increase rental income over time. Owner currently pays utilities.


Listing courtesy of Kristine Telkamp, Counselor Realty Inc of Alex
Purchase Price
Loan Type
Down Payment
Interest Rate
Estimated Property Taxes
Homeowner's Insurance
HOA Dues
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Property Details

Features

 
 
 
Property Type: Other
Status: Active
Contingency Type: None
Year Built: 1900
MLS #: 7060763
Bedrooms: 7
Square Feet: 2,880
Price Per Square Foot: $76
Garage Spaces: 3
Parking Description: Detached Garage
Sewer Description: City Sewer/Connected
Water: City Water/Connected
Heat Type: Forced Air
Basement: Partial, Unfinished
Foundation Type: Brick/Mortar
Construction Description: Brick, Frame
Days On Market (Continuous): 1
Disability Features: None
Latest Update: 05/27/2026
List Date: 04/24/2026
Listing Agent ID: 500000484
Listing Office: Counselor Realty Inc of Alex
Listing Office ID: 29292
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Laundry Features: Common Area, Main Level
Exterior Features: Vinyl
Fence: None
Lot Dimensions: 150x68x150x68
Lot Size: 0.234 Acres
School District: Alexandria
Tax Year: 2026
Estimated Taxes: $2,849
Contingency Type: None
City: Alexandria
Zip: 56308
County: Douglas
Subdivision: Original Alexandria
State: MN
Listing last updated: 05/27/26

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