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Active NEW!
$299,900
/mo Edit
Multi-family:  Duplex Other
Built 1876
4,205 sqft • 0.34 acres
Alexandria schools
MLS# 6755509
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    Property Description

    This one-of-a-kind Italianate Victorian multifamily property is packed with potential and versatility! A rare opportunity for investors, group housing operators, or those seeking a hybrid owner-occupant setup. The layout includes a Shared Living Unit with a common area setup. It has 8 individual bedrooms, shared kitchen, living, laundry and bath areas—ideal for group housing, student housing, or short-term rental configuration (Unit 3). A private 3-bedroom apartment with sunroom, perfect for generating consistent rental income or owner-occupancy (Unit 1). A Main level, 1 bedroom with kitchen and full bath (Unit 2). From the ornate Victorian character and hardwood floors to clawfoot tubs and tall ceilings, the charm of this property is undeniable. This property blends historic details with multi-use functionality rarely found on the market. Outside features a nice yard with patio spaces, a 3-car detached garage, plus an attached garage—plenty of parking and storage for all tenants. Whether you’re looking to expand your investment portfolio or operate a unique housing model, this property is a rare gem that checks all the boxes.

    Listing

    Contingency: None
    Price per sq ft: $71
    City: Alexandria
    County: Douglas
    State: MN
    Property Style: Duplex Other
    Zip Code: 56308
    Subdivision Name: Kilbourns Add

    Interior

    Living Area: 4,205 ft2
    Ranges: Three
    Refrigerators: Four
    Basement Details: Block

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 4
    Garage Dimensions: 21 X 32
    Garage Size: 666 ft2
    Foundation Size: 1,950 ft2
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Boiler
    • Hot Water
    • Radiator(s)
    Shared Amenities:
    • Coin-op Laundry Owned
    • Other
    Road Frontage: City Street
    Exterior Material: Stucco
    Roof Details: Asphalt

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.34
    Geolocation: 45.884998, -95.372069
    Lot Dimensions: Irregular
    Zoning: Residential-Single Family
    Lot Description: Many Trees

    Schools

    School District: 206
    District Phone: 320-762-2141

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $12,003
    Annual Fuel Expense: None
    Annual Insurance Expense: $1
    Annual Maintenance Expense: $1,330
    Annual Gross Expense: $31,228
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $2,300
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,300

    Income

    Annual Gross Income: $48,553

    Units

    Total Units: 3

    Miscellaneous

    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Payment:  /mo

    Listing provided by RMLS, courtesy of Counselor Realty Inc of Alex.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.