322 5th Avenue E, Alexandria, MN 56308 (MLS# 7060763)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1440
Above Ground SqFt: 2880
Below Grd Total SqFt: 1440
Total SqFt: 4320
Foundation Size: 1440
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2880.00
Garage Stalls: 3
Lot Dimensions: 150x68x150x68
Acres: 0.23
Assessment Pending: Yes

Property Features

Accessible: None Amenities Shared: Common Laundry Facility Basement: Partial; Unfinished Construction Materials: Brick; Frame Construction Status: Previously Owned Exterior: Vinyl Fencing: None Foundation: Brick/Mortar Fuel: Natural Gas Heating: Forced Air Laundry: Common Area; Main Level Lock Box Type: Supra Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Unit 1 Amenities: Ceiling Fan(s) Unit 1 Appliances: Water Softener-Rented Unit 1 Bath Description: Main Floor Full Bath Unit 1 Dining Room Description: Eat In Kitchen Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 219900
ListPrice: 219900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 322
Street Name: 5th
Street Suffix: Avenue
Street Direction Suffix: E
Postal City: Alexandria
County: Douglas
State: MN
Zip Code: 56308
Complex/Dev/Subdivision: Original Alexandria

Assessments

Assessment Balance: 139
Assessment Installment: 139
Tax With Assessments: 2988

Building Information

Finished SqFt Above Ground: 2880

More Information

Income and Expenses

Annual Electric Expense: Yes
Annual Fuel Expense: Yes
Annual Gross Expenses: Yes
Annual Gross Income: 29400
Annual Insurance Expense: 1500
Annual Maintenance Expense: Yes
Annual Repair Expense: Yes
Annual Trash Expense: Yes
Annual Water/Sewer Expense: Yes
Total Annual Expenses: Yes
Annual Caretaker Expense: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: ALEX
Supra: Yes

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 809

Public Survey Info

Range#: 37
Section#: 19
Township#: 128

Unit 1

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 15000
Finished SqFt: 1440
Full Baths: Yes
Monthly Rent: 1250
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 7

Unit 2

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 2
3/4 Baths: 2
Annual Rent: 14400
Finished SqFt: 1440
Monthly Rent: 1200
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 4
Total Rooms: 9

Unit Details

Total Units: 2

Office/Member Info

Association: GAAAR

Location, Tax and Other Information

Legal Description: SEC-19 TWP-128 RANG-37 ORIGINAL ALEXANDRIA LOT 12 & N 8' OF LOT 11 BLK 107
Listing City: Alexandria
Map Page: 999
Municipality: Alexandria
School District: Alexandria
School District Phone: 320-762-2141
Zip Plus 4: 2116
Property ID Number: 631200000
Tax Year: 2026
Tax Amount: 2849
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: East on 5th Ave to sign on right.

Accessible

None: Yes

Amenities Shared

Common Laundry Facility: Yes

Basement

Partial: Yes
Unfinished: Yes

Construction Materials

Brick: Yes
Frame: Yes

Construction Status

Previously Owned: Yes

Exterior

Vinyl: Yes

Fencing

None: Yes

Foundation

Brick/Mortar: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

Common Area: Yes
Main Level: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

Unit 1 Amenities

Ceiling Fan(s): Yes

Unit 1 Appliances

Water Softener-Rented: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Dining Room Description

Eat In Kitchen: Yes