**Turnkey 4-Plex Investment Opportunity in Alexandria, MN – Fully Leased & Cash Flowing!**
Don't miss this incredible opportunity to own a fully occupied 4-plex in the heart of Alexandria, MN! This well-maintained property is an investor's dream, generating steady cash flow with even more potential for value-add.
**Property Highlights:**
- **4 Fully Leased Units:**
- (3) 2-Bed, 1-Bath Units
- (1) 1-Bed, 1-Bath Unit
- New Roof Summer 2024!
- **Tenant-Friendly Features:** Electric baseboard heat, air conditioning in each unit, coin laundry, and a 4 stall garage out back!
- **Great Condition:** Well-maintained and ready to go, this is a turn key investment from day 1!
- **Investment Potential:** Opportunity to increase cash flow and equity by converting space into a **5th unit!**
This is a prime opportunity for any investor looking to step into a **cash-flowing property with upside potential.** Located in a desirable rental market, this property will continue to attract tenants and deliver strong returns.
**Schedule a showing today and take the next step toward growing your real estate portfolio!**
Closed
$434,000
1312 Jefferson St, Alexandria, MN 56308
7beds
4baths
3,588sqft
Quadruplex
Built in 1976
-- sqft lot
$-- Zestimate®
$121/sqft
$1,927 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,927/mo
Zestimate® history
Owner options
List your home for rent
$1,927/mo
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$1,927/mo
Rent Zestimate®
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$2,633/mo
Est. payment
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$2,633/mo
Est. payment
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List your homeWhat's special
Coin laundryElectric baseboard heatNew roof
Zillow last checked:
Listing updated:
Listed by:
Robert Aaron Conn 507-841-3398,
ConnCrete Realty Solutions
Bought with:
Jodi Rehovsky
Century 21 First Realty, Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6672264
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Baseboard
Appliances
- Laundry: Common Area, Coin-op Laundry Owned
Features
- Basement: Finished
Interior area
- Total structure area: 3,588
- Total interior livable area: 3,588 sqft
- Finished area above ground: 1,916
- Finished area below ground: 1,672
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
- Details: Garage Dimensions (50x24), Garage Door Height (7), Garage Door Width (8)
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 0.28 Acres
- Dimensions: 80 x 150
Details
- Foundation area: 1672
- Parcel number: 632046000
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Frame
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1976
Utilities & green energy
- Electric: Circuit Breakers, Power Company: Alexandria Light & Power
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Sub Of Blk E Of Nelsons 2nd A
HOA
- Amenities included: Coin-op Laundry Owned
Location
- Region: Alexandria
Financial & listing details
- Price per square foot: $121/sqft
- Tax assessed value: $365,000
- Annual tax amount: $4,720
- Date on market: 2/19/2025
- Cumulative days on market: 38 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/28/2025 | Sold | $434,000+2.1%$121/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6672264 Report a problem | ||
| 2/19/2025 | Listed for sale | $424,900+70%$118/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6672264 Report a problem | ||
| 8/3/2020 | Sold | $250,000$70/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5616507 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,700 -0.4% | $365,000 +5.7% |
| 2024 | $4,720 +7.6% | $345,300 +5.2% |
| 2023 | $4,388 -2.5% | $328,200 +12% |
| 2022 | $4,502 +3.9% | $293,000 +4.7% |
| 2021 | $4,334 +15.2% | $279,900 +6% |
| 2020 | $3,762 +4.8% | $264,000 +3.2% |
| 2019 | $3,588 +10.8% | $255,700 +3% |
| 2018 | $3,238 +5.6% | $248,300 +5% |
| 2017 | $3,066 -0.2% | $236,500 +5.6% |
| 2016 | $3,072 -1.2% | $223,876 |
| 2015 | $3,110 | -- |
| 2014 | -- | $217,300 |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | $2,491 -0.1% | -- |
| 2010 | $2,494 | -- |
Find assessor info on the county website
Neighborhood: 56308
Nearby homes
- $--1 bd1 ba-- sqft1312 Jefferson St #4, Alexandria, MN 56308Off Market
- $--2 bd1 ba-- sqft1238 Jefferson St #1238, Alexandria, MN 56308Off Market
- $---- bd-- ba-- sqft1232 Jefferson St, Alexandria, MN 56308Off Market
- $345,0008 bd4 ba3.3k sqft1232-1238 Jefferson St, Alexandria, MN 56308Sold
- $196,6002 bd3 ba982 sqft1314 Jefferson St, Alexandria, MN 56308Off Market
- $210,1002 bd1 ba996 sqft315 14th Ave E, Alexandria, MN 56308Off Market
- $300,600-- bd-- ba1.6k sqft1313 Irving St, Alexandria, MN 56308Off Market
- $190,500-- bd-- ba972 sqft1311 Irving St, Alexandria, MN 56308Off Market
Nearby schools
GreatSchools rating
- 4/10Woodland Elementary SchoolGrades: K-5Distance: 0.9 mi
- 6/10Discovery Junior High SchoolGrades: 6-8Distance: 1.6 mi
- 8/10Alexandria Area High SchoolGrades: 9-12Distance: 1.8 mi
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- Minnesota
- Douglas County
- Alexandria
- 56308
- 1312 Jefferson St
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