321 6th Avenue, Alexandria, Minnesota image 1
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MLS: #7098633, Listed By: Saige Haecherl, Central MN Realty LLC, Source:FargoMoorhead Area Association of REALTORS

321 6th Avenue

Alexandria, MN 56308
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$235,000 $990/Mo
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Bed 5

Bed

Bath 3

Bath

SqFt2,564

Sqft

Acres0.14

Acre(Lot)

Don’t miss this opportunity to own a triplex with a strong rental history in Alexandria. Based on the current rental income and purchase price, this property is currently performing at approximately 1.4%, surpassing the commonly used 1% rule—an increasingly difficult investment benchmark to find. With established rental income already in place, a new owner can begin cash flowing right away. As Alexandria continues to grow, rental demand remains strong. Whether you’re looking to expand your investment portfolio or live in one unit while the other two help offset your mortgage, this property offers excellent flexibility and income potential. The main floor features a spacious 2-bedroom unit along with an additional 1-bedroom unit. Upstairs, you’ll find another 2-bedroom unit. Shared coin-o perated laundry is conveniently located in the basement, and the detached double garage offers additional parking, storage, or potential rental income. Conveniently located near downtown, parks, and everyday amenities, this is a great opportunity for both investors and owner-occupants. A minimum of 24-hour notice is required for showings; 48-hour notice is preferred.

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Detail Ic Property Details

Property Type : Residential Income

Price : $235,000

AD Id : 86136364

MLS Id : 7098633

Beds : 5

Lot Size : 0.14 Acre

Living Area Size : 2,564

Year Built : 1900

Garage : 2

County : Douglas

Subdivision: Virginia Highland

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 3

    Room Information

    Has Basement: Yes Basement: Unfinished

  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air

  • Building Information

    Year Built: 1900 Building Area Total: 4364 Construction Materials: Frame Stories: 1 Private Pool: No

  • Lot Information

    Lot Dimensions: 70x90 Main Square Feet: 0.14 Acres Lot Size Acres: 0.14 Lot Size Square Feet: 6098.4

    Property Information

    Subdivision: Original Alexandria Source Property Type: Residential Income Postal Code Plus 4: 4702 Property SubType: Triplex Levels: One and One Half Property Age: 126

  • Listing Price Information

    Listing Price: $235000

  • Tax Information

    Parcel Number: 631196000 Tax Year: 2025 Annual Tax: $2258 Tax Legal Desc: SEC-19 TWP-128 RANG-37 ORIGINAL ALEXANDRIA E 70' OF: LOT 7 & S 1/2(30') OF LOT 8 BLK 107

  • Garage Information

    Has Garage: Yes Garage Space: 2
    Homeowners Association Information
    Association Amenities: Coin Laundry

  • Location Information

    Direction: Go north on Broadway, take a right on 6th ave E. Property will be on the left WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1101 Jefferson Street, Alexandria, MN, 56308 $209,900 1 1 1,134 1,134 SqFt
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 08/14/2026 @ 18:46

MLS: 7098633 LISTED BY: Saige Haecherl, Central MN Realty LLC 320-363-4363 SOURCE: FargoMoorhead Area Association of REALTORS

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