4-unit income property with central air and a steady income history. This property has solid cash flow, currently generating $3650.00 per month. The roof was replaced in 2021, and the well pump was replaced in 2022, along with many updates (See Supplement in Documents). These units are spacious and rarely vacant. Each unit has its own basic appliances and a washer & dryer, all utilities are included in the rent and paid by the owner. City water has been stubbed into the property and the assessment has been paid, a private water well with a new pump serves the property now. The yard is big and beautiful with many trees with a beautiful stream flowing through between Lakes Geneva & Le Homme Dieu.
Closed
$290,000
1407 State Highway 29 N, Alexandria, MN 56308
9beds
4baths
5,304sqft
Quadruplex
Built in 1954
-- sqft lot
$376,900 Zestimate®
$55/sqft
$1,279 Estimated rent
Home value
$376,900
$335,000 - $426,000
$1,279/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Christopher B Sutton 320-760-7375,
Century 21 First Realty, Inc.
Bought with:
Search Houses Now Team
Keller Williams Classic Rlty NW
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6546934
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
Heating
- Baseboard, Forced Air
Features
- Basement: Block,Finished,Full
Interior area
- Total structure area: 5,304
- Total interior livable area: 5,304 sqft
- Finished area above ground: 3,776
- Finished area below ground: 1,528
Property
Parking
- Parking features: Gravel, Paved Lot
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Pool features: None
Lot
- Size: 1.01 Acres
- Dimensions: 167 x 262 x 168 x 263
Details
- Foundation area: 1528
- Parcel number: 636302460
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Roof: Asphalt,Pitched,Unspecified Shingle
Condition
- New construction: No
- Year built: 1954
Utilities & green energy
- Gas: Electric, Natural Gas
- Sewer: City Sewer/Connected
- Water: Drilled, Private, Well
Community & HOA
Location
- Region: Alexandria
Financial & listing details
- Price per square foot: $55/sqft
- Tax assessed value: $300,700
- Annual tax amount: $3,606
- Date on market: 6/4/2024
- Cumulative days on market: 45 days
- Tenant pays: Broadband, Cable TV
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2024 | Sold | $290,000-2.7%$55/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6546934 Report a problem | ||
| 7/18/2024 | Pending sale | $298,000$56/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6546934 Report a problem | ||
| 6/25/2024 | Price change | $298,000-4.5%$56/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6546934 Report a problem | ||
| 6/4/2024 | Listed for sale | $312,000+83.5%$59/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6546934 Report a problem | ||
| 10/1/2020 | Sold | $170,000+9.7%$32/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5553207 Report a problem | ||
| 4/15/2015 | Sold | $155,000$29/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #2200759 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,662 +1.6% | $300,700 +3.2% |
| 2024 | $3,606 +2.7% | $291,400 +7.3% |
| 2023 | $3,512 +4.3% | $271,500 +8.5% |
| 2022 | $3,366 +3.8% | $250,300 +12.4% |
| 2021 | $3,242 +1.3% | $222,600 +5.7% |
| 2020 | $3,200 +7.8% | $210,600 +6.4% |
| 2019 | $2,968 +6% | $198,000 +4.8% |
| 2018 | $2,800 +6.4% | $189,000 +5% |
| 2017 | $2,632 +26.5% | $180,000 +6.5% |
| 2016 | $2,080 +9.8% | $168,974 |
| 2015 | $1,894 | -- |
| 2014 | -- | $152,000 |
| 2013 | -- | -- |
| 2012 | -- | -- |
Find assessor info on the county website
Neighborhood: 56308
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Nearby schools
GreatSchools rating
- 6/10Voyager Elementary SchoolGrades: K-5Distance: 0.9 mi
- 6/10Discovery Junior High SchoolGrades: 6-8Distance: 0.5 mi
- 8/10Alexandria Area High SchoolGrades: 9-12Distance: 3.6 mi
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- Minnesota
- Douglas County
- Alexandria
- 56308
- 1407 State Highway 29 N
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