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1229-1231 Jefferson Street Alexandria, MN $ 570,000
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$ 570,000 Get more info
1229-1231 Jefferson Street
$ 570,000
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1229-1231 Jefferson Street

Alexandria, MN, 56308
$ 570,000
Bedrooms5 Baths2.0 Sq 3,800

Monthly Estimate*

$ 3,937

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Multi-Family Home for sale in Alexandria, MN

for $570,000 with 5 bedrooms and 2 full baths. This 3,800 square foot home was built in 1966 on a lot size of 0.9.

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.

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Multi-Family Active

Price

$ 570,000

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,872

Style

Fourplex

Lot Size

0.9

Year Built

1966

Town/City

Alexandria

County/Region

Douglas

MLS | Web ID

7160511
Features
General
Living Area 3800
Sewer City Sewer/Connected
Heating Boiler
Roof Age 8 Years or Less
Garage Spaces 4
Pool Features None
Construction Materials Frame
Year Built 1966
Electric Circuit Breakers
Topography Level
Levels Split Entry (Bi-Level)
Property Subtype Fourplex
Tax Year 2026
Gross Income 68000
Accessibility None
Additional Parcels Description 631591200 631591300 631591400
County Douglas
Net Operating Income 51304
Operating Expense 15695
Insurance Expense 2442
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 500
Subdivision Name Jefferson Condo 102
Directions From Broadway head west on 10th Ave and right onto Jefferson at and follow down to property on left.
City Alexandria
High School District Alexandria
Number Of Units Total 4
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 5872
Electric Expense 423
Fuel Expense 1875
Trash Expense 703
Water Sewer Expense 2177
Additional Parcels Y/N Y
Standard Status Active
Lender Owned No
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Interior
Basement Finished Full
Basement (Y/N) Y
Above Grade Finished Area 1900
Laundry Features In Unit
Total Bedrooms 11
Below Grade Finished Area 1900
Total Baths 4
Fuel Natural Gas
Garage Square Feet 1232
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Exterior
Fencing None
Parking Features Detached Garage
Lot Features Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.9
Building Area Total 3800
Lot Dimensions 299x152x299x152
Waterfront Y/N N
Foundation Area 1900
Road Frontage Type City Street Paved Streets Sidewalks
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 1229
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* Excluded Features
List By
Central Mn Realty Llc

Broker

fatima@centralmnrealty.com

Email

Affordability Calculator

$4,426
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,937
Monthly Property Taxes
$489
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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Nearby
708299 Elementary School
709223 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/16/2026$570,000 Listed Price

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1229-1231 Jefferson Street, Alexandria, MN, 56308 is a Multi-Family Home for sale at $570,000 with 3,800 sqft and a lot size of 0.9. 1229-1231 Jefferson Street has 5 bedrooms, 2.0 baths, and was built in 1966. The property's zip code is 56308 which is in Alexandria, MN

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