Active

MLS: #7083432, Listed By: Marci Segner, RE/MAX Advantage Plus, Source:FargoMoorhead Area Association of REALTORS

501 W 3rd Street

Monticello, MN 55362

$417,000 $1,758/Mo

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Overview

Bed

Bath

2,977

Sqft

0.50

Acre(Lot)

Description

Excellent turnkey triplex investment opportunity in Monticello! This fully occupied property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit with established tenants and lease agreements in place, offering immediate cash flow and stable rental income. Numerous updates have been completed throughout the property, including remodeled kitchens, bathrooms, flooring, fixtures, and finishes that contribute to strong tenant appeal and pride of ownership. Major improvements include a new roof (2025), new water heater (2025), and new furnace (2021), helping minimize future capital expenses. Separate electric meters serve each unit, and the property is situated on a spacious half-acre lot, offering exceptional outdoor space and flexibility rarely found with multifamily properti es. Conveniently located near downtown Monticello, parks, schools, shopping, dining, and major commuter routes, this well-maintained property offers immediate cash flow, a strong rental history, and long-term investment potential. Income and expense information available upon request.

Property Details

Property Type : Residential Income

Price : $417,000

AD Id : 80075254

MLS Id : 7083432

Beds : 5

Lot Size : 0.50 Acre

Living Area Size : 2,977

Year Built : 1956

Garage : 2

County : Wright

Subdivision: Sea Colony East

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Bathroom Information

Total Baths: 3

Room Information

Has Basement: Yes Basement: Block, Concrete
Roofing Information

Asphalt, Shingle
Interior Features

Roof: Asphalt, Shingle Laundry Features: Common Area, Main Level
Heating & Cooling

Has Heating: Yes Heating: Baseboard, Forced Air

Building Information

Year Built: 1956 Building Area Total: 2977 Stories: 1 Patio And Porch Features: Front Porch, Patio Private Pool: No

Lot Information

Lot Dimensions: 132x165x132x165 Main Square Feet: 0.5 Acres Lot Size Acres: 0.5 Lot Size Square Feet: 21780 Lot Description: Corner Lot

Property Information

Subdivision: Lower Monticello Source Property Type: Residential Income Property SubType: Triplex Levels: One and One Half Property Age: 70

Listing Price Information

Listing Price: $417000 Cash, Conventional

Tax Information

Parcel Number: 155015013040 Annual Tax: $4906

Garage Information

Has Garage: Yes Garage Space: 2

Homeowners Association Information
Association Amenities: Coin Laundry, Laundry, Elevator(s)

Location Information

Direction: Hwy 25 to W 3rd St, west to property on left. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
313 E Broadway Street, Monticello, MN, 55362	$275,000	4	4	2,050	2,050 SqFt
331 E 3rd Street, Monticello, MN, 55362	$289,900	3	2	1,910	1,910 SqFt

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$289,900

Multifamily For Sale

331 E 3rd Street,
Monticello, MN, 55362

Bed

Bath

Sqft

Acre(Lot)

313 E Broadway Street,
Monticello, MN, 55362

Bed

Bath

Sqft

Acre(Lot)

501 W 3rd Street,
Monticello, MN, 55362

Bed

Bath

2,977

Sqft

0.50

Acre(Lot)

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 06/09/2026 @ 19:15

MLS: 7083432 LISTED BY: Marci Segner, RE/MAX Advantage Plus 320-264-9241 SOURCE: FargoMoorhead Area Association of REALTORS