For Sale Multi-Family MLS# 7160511

1229-1231 Jefferson Street

Alexandria, MN 56308

$570,000

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About 1229-1231 Jefferson Street

INVESTMENT OPPORTUNITY! Looking to expand your real estate portfolio? This fully occupied 4-plex offers an excellent opportunity to invest in a multi-family property! Featuring three 3-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, this property boasts a 100% occupancy rate and the convenience of in-unit laundry in every apartment. Additional highlights include two 2-stall garages, along with a New roof on both the building and garages! Both lower-level apartments (Units 1 and 4) have undergone kitchen renovations. A centralized utility room houses the boiler, water heaters, and water softener. The property also recently passed its city rental inspection in August, meeting the new HUD NSPIRE inspection criteria model requirements, with approval good for the next four years. With full occupancy, recent improvements, and desirable amenities, this property is a great addition to any investment portfolio! See supplements for apartment layouts.

Property details

Property

Type
Fourplex
MLS type
Multi Family Home
Status
Active
Year built
1966
Stories
Split Entry (Bi-Level)
Living area
3,800 sqft
Price / sqft
$150
Lot
0.9
Original price
$570,000
MLS #
7160511

Interior

Features
Boiler, In Unit, Finished, Full
Heating
Boiler
Laundry
In Unit

Exterior & lot

Features
Wood, Detached Garage
Construction
Split Entry (Bi-Level), Block, Age 8 Years or Less
Roof
Age 8 Years or Less
Foundation
Block
Lot
631591100, Level
Parking
Detached Garage
Garage spaces
4

Schools

District
Alexandria Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Circuit Breakers
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$5,872
Tax year
2026
Parcel
631591100

Location

Subdivision
Jefferson Condo 102
County
Douglas
Community
Douglas, City Street, Paved Streets, Sidewalks, northstar, Alexandria
Directions
From Broadway head west on 10th Ave and right onto Jefferson at and follow down to property on left.

Location

Neighborhood
Jefferson Condo 102
School district
Alexandria Public School District

Ask about this property

Questions on 1229-1231 Jefferson Street, Alexandria, MN 56308, or want to see it in person?

Listed by Fatima Holm, Central MN Realty LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.