Savvy Avenue
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Street View
$220,000
Monthly Est:$1,095
5 Beds
3 Baths
2,168sqft
1202 Elm St, Alexandria, MN 56308
$220,000
$1,095/moEst:
Get Pre-Approved
Triplex
Built in 1900
$-- HOA
0.33 acre lot
$101/sq.ft
Description
Income-Producing Investment Property | 3 Units | Detached 2-Stall Garage
Investors, take note! This unique property offers three existing rental units, a detached two-stall garage (garage not currently rented), and a large, level corner lot with additional income potential. Currently generating $31,800 in annual gross income with reported annual expenses of $10,559, the property produces an estimated annual net income of $21,241.
Originally built as a single-family home, the property has been converted into three separate rental units. The original interior staircase remains intact, with doorways currently separating the units, offering the potential to explore a conversion back to a single-family residence, subject to applicable requirements.
The exterior is in good condition, while the interior offers an opportunity for updates and improvements to enhance the property’s value and rental potential. Buyers should anticipate interior work, including flooring updates and possible plumbing-related repairs.
With established rental income, a detached two-stall garage, and a spacious corner lot, this property offers multiple possibilities for investors looking to expand their portfolio or buyers seeking a property with flexibility and long-term potential. Explore the possibilities and make this investment your own!
Offered at $220,000.
- Houzeo last checked: 12 hours ago
- Listing updated: October 9, 2026 at 6:35 pm
- Listing Provided by: Sammi Lindemann (320) 766-9478 | Central MN Realty LLC (320) 363-4363
- Source: Northstar MLS-MN | MLS#: 7157891
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1900
HOA Fees
-
Finished Area
2,168 sqft
Lot Size
0.33 acre lot
Basement Area
- sqft
MLS Name
Northstar MLS
MLS Number
7157891
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Interior
Sewer
City Sewer/connected
Heating
Forced Air
Exterior Features
Vinyl
Construction
Year Built
Year Built: 1900
Home type
Triplex
Foundation Details
Block
Roof
Age Over 8 Years
Construction Materials
Block
Utilities & Energy
Electric
Circuit Breakers
Water Source
City Water/connected
Basement
Finished
Parking Features
Detached Garage, Shared Driveway, Gravel
Association Amenities
Laundry
Laundry Features
Lower Level, Main Level
Other Features
Lot Features
Corner Lot, Tree Coverage Medium
Subdivision Name
Hicks 3rd Add
Tenant Pays
Cable Tv, Lawn Care, Trash Collection
Price History
| Date | Event | Price |
|---|---|---|
10/09/2026 Source: | Listed for Sale | $220,000 $101/sqft |
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Based on information submitted to the MLS GRID from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC through Oct 09, 2026, 02:31PM. IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Information deemed reliable but not guaranteed. The property data presented reflects information otherwise available from public records. The real estate broker participating in MLS and providing this information may not have represented the buyer or seller in some or all of the transactions. Listings courtesy of Northstar MLS as distributed by MLS GRID. © 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Advertising Broker: Moe Mossa (Savvy Avenue) (612) 490-1268 | Savvy Avenue, LLC