1407 State Highway 29 N Alexandria, MN $ 275,000
1407 State Highway 29 N
$ 275,000
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1407 State Highway 29 N

Alexandria, MN, 56308
$ 275,000
Bedrooms9 Baths4.0 Sq 5,304

Monthly Estimate*

$ 1,899

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Multi-Family Home for sale in Alexandria, MN

for $275,000 with 9 bedrooms and 4 full baths. This 5,304 square foot home was built in 1954 on a lot size of 1.01.

A unique redevelopment opportunity with excellent visibility and potential! This property has operated as a 4-unit apartment building for many years with very little vacancy. The owners have vacated all tenants and completed the interior demolition in preparation for renovation, giving the next owner a blank slate to finish the project. The City of Alexandria has expressed interest in having this property become commercially zoned, offering potential for a variety of business uses. Complete the demolition and build your business here! City water has been stubbed to the property, with the assessment already paid. A private well with a newer pump currently serves the property. The large, beautiful yard features mature trees, excellent visibility and exposure along Hwy 29, and a scenic stream flowing through the property between Lakes Geneva and Le Homme Dieu. Bring your vision and make this highly visible property your next business or investment opportunity! All offers must include an "As Is" Addendum.

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Multi-Family Active

Price

$ 275,000

Bedrooms

9

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,606

Style

Fourplex

Lot Size

1.01

Year Built

1954

Town/City

Alexandria

County/Region

Douglas

MLS | Web ID

7067521

Features
General
Living Area 5304
Sewer City Sewer/Connected
Heating Baseboard Forced Air
Roof Asphalt Pitched Unspecified Shingle
Garage Spaces 0
Pool Features None
Construction Materials Frame
Year Built 1954
Electric Circuit Breakers
Tenant Pays Broadband Cable TV
Levels Two
Property Subtype Fourplex
Tax Year 2026
Gross Income 0
Accessibility None
County Douglas
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Directions From Alexandria State Hwy 29 N to left on Northside Drive to home on right.
City Alexandria
High School District Alexandria
Zoning Description Residential-Multi-Family
Number Of Units Total 4
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 3606
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Block Finished Full
Basement (Y/N) Y
Above Grade Finished Area 3776
Total Bedrooms 9
Below Grade Finished Area 1528
Total Baths 4
Fuel Electric Natural Gas
Garage Square Feet 0
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Exterior
Parking Features Gravel Paved Lot
Water Source Drilled Private Well
Lot Size Area 1.01
Building Area Total 5304
Lot Dimensions 167x262x168x263
Waterfront Y/N N
Foundation Area 1528
Road Frontage Type Highway
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 1407
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* Excluded Features
List By
Century 21 First Realty, Inc.

Broker

lovemycabin@gmail.com

Email

Affordability Calculator

$2,200
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,899
Monthly Property Taxes
$301
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
708299 Elementary School
709223 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/4/2026$275,000 -14.06% Price Down
9/14/2026$320,000 Listed Price

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1407 State Highway 29 N, Alexandria, MN, 56308 is a Multi-Family Home for sale at $275,000 with 5,304 sqft and a lot size of 1.01. 1407 State Highway 29 N has 9 bedrooms, 4.0 baths, and was built in 1954. The property's zip code is 56308 which is in Alexandria, MN