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.
Pending
$219,900
322 5th Ave E, Alexandria, MN 56308
7beds
3baths
2,880sqft
:
Get pre-qualified$1,443/mo
Duplex Up and Down
Built in 1900
-- sqft lot
$-- Zestimate®
$76/sqft
$-- HOA
What's special
Vinyl sidingFunctional layoutsNewer windowsUpdated furnacesLarge corner lot
- 90 days |
- 131 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Kristine Telkamp 320-808-0162,
Counselor Realty Inc of Alex,
Bridget Telkamp 701-680-0166
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7060763
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
Heating
- Forced Air
Appliances
- Laundry: Common Area, Main Level
Features
- Basement: Partial,Unfinished
Interior area
- Total structure area: 4,320
- Total interior livable area: 2,880 sqft
- Finished area above ground: 2,880
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Detached Garage
- Garage spaces: 3
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Fencing: None
Lot
- Size: 10,193 Square Feet
- Dimensions: 150 x 68 x 150 x 68
Details
- Foundation area: 1440
- Parcel number: 631200000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Up and Down
Materials
- Brick, Frame
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Original Alexandria
HOA
- Amenities included: Laundry
Location
- Region: Alexandria
Financial & listing details
- Price per square foot: $76/sqft
- Tax assessed value: $243,900
- Annual tax amount: $2,849
- Date on market: 4/25/2026
- Cumulative days on market: 92 days
Estimated market value
Not available
Estimated sales range
Not available
$1,631/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Pending sale | $219,900$76/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7060763 Report a problem | ||
| 4/25/2026 | Listed for sale | $219,900+37.5%$76/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7060763 Report a problem | ||
| 8/31/2017 | Sold | $159,900+68.3%$56/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5521122 Report a problem | ||
| 6/16/2008 | Sold | $95,000$33/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,826 +1.4% | $243,900 +9.6% |
| 2024 | $2,788 +4.5% | $222,500 +7.1% |
| 2023 | $2,668 +4% | $207,700 +10.2% |
| 2022 | $2,566 +3.7% | $188,400 +12.1% |
| 2021 | $2,474 +0.8% | $168,100 +5.6% |
| 2020 | $2,454 +4.5% | $159,200 +4.2% |
| 2019 | $2,348 +26.4% | $152,800 +3.2% |
| 2018 | $1,858 +5.8% | $148,100 +25.1% |
| 2017 | $1,756 -2.2% | $118,400 +6% |
| 2016 | $1,796 +1.2% | $111,647 |
| 2015 | $1,774 | -- |
| 2014 | -- | $106,900 |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | $1,310 | -- |
| 2010 | $1,310 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 56308
Nearby schools
GreatSchools rating
- 6/10Voyager Elementary SchoolGrades: K-5Distance: 1.6 mi
- 6/10Discovery Junior High SchoolGrades: 6-8Distance: 1.1 mi
- 8/10Alexandria Area High SchoolGrades: 9-12Distance: 2.5 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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