Investor's Dream! Spacious Corner Lot Property with Duplex Potential. Discover an exceptional investment opportunity in the heart of New London. This spacious corner lot property, set on .48 acres of prime real estate, offers tremendous potential for conversion back into a duplex, maximizing your income potential.
Recently refinished basement with new flooring, featuring a full kitchen, a spacious bedroom, and a 3/4 bath.
Main Level boasts a large bedroom (with the potential to be split into two rooms), a 3/4 bath, a large laundry room, and a cozy living room. The kitchen area is ready to be reinstalled with just the addition of appliances. Prime New London location, close to downtown and all its amenities, ensuring high desirability and rental demand. This property offers a unique opportunity for investors looking to capitalize on the booming New London real estate market. Don't miss out on the chance to own a versatile property with significant income potential.
Closed
$303,000
226 3rd Ave SE, New London, MN 56273
2beds
1,779sqft
Single Family Residence
Built in 2008
0.47 Acres Lot
$296,200 Zestimate®
$170/sqft
$1,895 Estimated rent
Home value
$296,200
$246,000 - $358,000
$1,895/mo
Zestimate® history
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$1,871/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jennifer Wolfe 952-292-7253,
Realty Group Inc.
Bought with:
Kelly Baeth
New London Real Estate, Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6559677
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- 3/4 bathrooms: 2
Bedroom
- Level: Main
- Area: 300 Square Feet
- Dimensions: 12x25
Bedroom 2
- Level: Basement
- Area: 108 Square Feet
- Dimensions: 9x12
Family room
- Level: Basement
- Area: 462 Square Feet
- Dimensions: 33x14
Kitchen
- Level: Main
- Area: 154 Square Feet
- Dimensions: 11x14
Kitchen 2nd
- Level: Basement
- Area: 110 Square Feet
- Dimensions: 10x11
Laundry
- Level: Main
- Area: 80 Square Feet
- Dimensions: 10x8
Living room
- Level: Main
- Area: 252 Square Feet
- Dimensions: 12x21
Heating
- Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Microwave, Range, Refrigerator, Washer
Features
- Basement: Block,Drainage System,Finished,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 1,779
- Total interior livable area: 1,779 sqft
- Finished area above ground: 912
- Finished area below ground: 867
Property
Parking
- Parking features: Concrete
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.47 Acres
- Dimensions: 126 x 97 x 149 x 108 x 44 x 90
- Features: Corner Lot, Tree Coverage - Medium
Details
- Foundation area: 912
- Parcel number: 602000520
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Age Over 8 Years
Condition
- New construction: No
- Year built: 2008
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Larson, Adams & Sperrys Add
HOA
- Has HOA: No
Location
- Region: New London
Financial & listing details
- Price per square foot: $170/sqft
- Tax assessed value: $186,400
- Annual tax amount: $3,516
- Date on market: 6/27/2024
- Cumulative days on market: 5 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2025 | Sold | $303,000+72.2%$170/sqft |
Source: Public Record Report a problem | ||
| 7/31/2024 | Sold | $176,000+10.1%$99/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6559677 Report a problem | ||
| 6/30/2024 | Pending sale | $159,900$90/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6559677 Report a problem | ||
| 6/27/2024 | Listed for sale | $159,900+33.3%$90/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6559677 Report a problem | ||
| 6/16/2017 | Sold | $120,000$67/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5186276 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,164 +2% | $186,400 +2.3% |
| 2024 | $4,084 +16.2% | $182,200 +8.4% |
| 2023 | $3,516 +6.9% | $168,100 +9.9% |
| 2022 | $3,290 +5.5% | $153,000 +18.4% |
| 2021 | $3,118 -0.4% | $129,200 +2.1% |
| 2020 | $3,130 +105.7% | $126,500 +1.8% |
| 2019 | $1,522 +66.5% | $124,300 +11.1% |
| 2018 | $914 -42.6% | $111,900 +41.6% |
| 2017 | $1,592 -16.3% | $79,000 +9900% |
| 2016 | $1,902 | $790 |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Neighborhood: 56273
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Nearby schools
GreatSchools rating
- 6/10New London-Spicer Middle SchoolGrades: 5-8Distance: 0.3 mi
- 9/10New London-Spicer Sr.Grades: 9-12Distance: 0.3 mi
- 9/10Prairie Woods Elementary SchoolGrades: PK-4Distance: 0.7 mi
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- Minnesota
- Kandiyohi County
- New London
- 56273
- 226 3rd Ave SE
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