Incredible investment opportunity! This 4-plex features four 2 bedroom, 1 bath units with functional open layouts designed for comfortable living. Upper-level units offer private balconies, while tenants enjoy the convenience of on-site laundry, dedicated garage parking with one stall per unit, and additional off-street parking. A strong rental history with long-term tenants provides added confidence for investors seeking a proven income-producing property. Conveniently located near parks, shopping, restaurants, and major transportation routes, this property offers a desirable location that continues to attract and retain renters. Whether you're expanding your portfolio or purchasing your first multifamily property, this is an opportunity you won't want to miss.
Active
$549,900
3485 Lester Ave, Hastings, MN 55033
8beds
4baths
3,300sqft
:
Get pre-qualified$3,401/mo
Fourplex
Built in 1969
-- sqft lot
$-- Zestimate®
$167/sqft
$-- HOA
What's special
Functional open layoutsAdditional off-street parkingOn-site laundry
- 9 days |
- 595 |
- 45 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Steele Brothers 715-602-0310,
Edina Realty, Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7117247
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Radiator, Radiant
Features
- Basement: None
Interior area
- Total structure area: 3,300
- Total interior livable area: 3,300 sqft
- Finished area above ground: 1,650
- Finished area below ground: 1,650
Property
Parking
- Total spaces: 5
- Parking features: Detached Garage
- Garage spaces: 5
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 0.37 Acres
Details
- Foundation area: 1650
- Parcel number: 195850000113
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fourplex
Materials
- Roof: Age Over 8 Years
Condition
- New construction: No
- Year built: 1969
Utilities & green energy
- Gas: Electric
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Security: Security Lights
- Subdivision: Powers Place
HOA
- Amenities included: Laundry, Security Lighting
Location
- Region: Hastings
Financial & listing details
- Price per square foot: $167/sqft
- Annual tax amount: $6,519
- Date on market: 7/28/2026
- Tenant pays: Electricity, Trash Collection
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Listed for sale | $549,900+124.4%$167/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7117247 Report a problem | ||
| 10/16/2009 | Sold | $245,000$74/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1690786 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 55033
Nearby schools
GreatSchools rating
- 7/10Kennedy Elementary SchoolGrades: K-4Distance: 1.4 mi
- 5/10Hastings Middle SchoolGrades: 5-8Distance: 1.6 mi
- 9/10Hastings High SchoolGrades: 9-12Distance: 2.8 mi
- $345,0005 bd2 ba2.3k sqft3445 Lester Ave, Hastings, MN 55033Sold
- $---- bd-- ba-- sqft3500 Cannon St, Hastings, MN 55033Off Market
- $329,0003 bd2 ba-- sqft3440 Cannon St, Hastings, MN 55033Sold
- $384,0004 bd2 ba2.3k sqft3425 Lester Ave, Hastings, MN 55033Off Market
- $460,4005 bd3 ba3k sqft3480 Lester Ave, Hastings, MN 55033Off Market
- $371,4004 bd3 ba1.6k sqft3440 Lester Ave, Hastings, MN 55033Off Market
- $357,1003 bd2 ba1.4k sqft3400 Cannon St, Hastings, MN 55033Off Market
- $--2 bd1 ba-- sqft545 35th St W #1E, Hastings, MN 55033Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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