322 5th E Avenue, Alexandria, Minnesota 56308

MN, Alexandria
$219,900
  • 7 Beds
  • 3 Bath
  • Residential Income Property Type
  • 1900 Year Built
  • Active Status
See All 22 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

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.

Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 7060763
  • Price: $219,900
  • Year Built: 1900
  • Listing Status: Active
  • Office Name: Counselor Realty Inc of Alex
  • Property Sub Type: Duplex Up and Down
Features
  • Heating System Forced Air
  • Basement Partial,Unfinished
  • Fence None
  • Parking Detached Garage
  • Exterior Features Vinyl
  • Laundry Features Common Area,Main Level
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State MN
  • County Douglas
  • City Alexandria
  • Zipcode 56308
  • Street: 5th
  • Street Number: 322
  • Street Suffix: Avenue
  • Longitude: W96° 37' 35.5''
  • Latitude: N45° 53' 12.8''
  • Directions: East on 5th Ave to sign on right.
  • Street Dir Suffix: E
Neighborhood
  • High School District: Alexandria
MLS Addon
  • Office Name: Counselor Realty Inc of Alex
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Association Amenities: Laundry
  • Building Size: 4320
  • Construction Materials: Brick,Frame
  • Foundation Details: Brick/Mortar
  • Garage: 3
  • Levels: Two
  • Lot Size Dimensions: 150x68x150x68
  • Number Of Units Total: 2
Financial
  • Tax Annual Amount: 2849
Listing Information
  • Co List Agent Mls Id: 500001921
  • Co List Office Name: Counselor Realty Inc of Alex
  • List Agent Mls Id: 500000484
  • List Office Mls Id: 29292
  • Modification Timestamp: 2026-06-16T22:14:06Z
  • Originating System Name: NorthStar
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