Affinity Real Estate in Park Rapids MN
MAIN MENU   |   RESIDENTIAL  |  7060763
1
/
22
MLS 7060763
Residential 7 bedrooms 3.00 baths

$219,900

322 E 5th Avenue
Alexandria MN 56308

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.

Additional Details

Year Built: 1900
Living Area: 2880 sf
Bedrooms: 7
Bathrooms: 3
Acres: 0.234 Acres
Lot Dimensions: 150x68x150x68
Garage Spaces: 3
School District: 206
Subdivision: Original Alexandria
County: Douglas
Taxes: $2,849
Taxes with Assessments: $2,988
Tax Year: 2026

Additional Features

Basement: Partial, Unfinished
Fuel: Array
Sewer: City Sewer/Connected
Water: City Water/Connected

Listing Status

Active - 1 days on market
2026-04-25 04:15:33 Date Listed
2026-04-25 04:15:33 Last Update
2026-04-25 04:15:33 Last Photo Update

Listed by Counselor Realty Inc of Alex

©2025 Regional Multiple Listing Service of MN, Inc. All properties are subject to prior sale, change or withdrawal. Information is provided for consumer's personal, non-commercial use.

All real estate information contained herein is provided by sources deemed to be reliable. We have no reason to doubt its accuracy but we do not guarantee it. All information should be verified.

Affinity Real Estate Inc
600 Park Avenue South / PO Box 512
Park Rapids, MN 56470

218-237-3333

mobile site | full website

©2025 Affinity Real Estate Inc - Licensed in MN

216.73.217.42

Affinity Real Estate in Park Rapids MN
MAIN MENU   |   RESIDENTIAL  |  7060763