Affinity Real Estate in Park Rapids MN
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/
32
MLS 7160511
Residential 11 bedrooms 4.00 baths

$570,000

1229-1231 Jefferson Street
Alexandria MN 56308

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.

Additional Details

Year Built: 1966
Living Area: 3800 sf
Bedrooms: 11
Bathrooms: 4
Acres: 0.9 Acres
Lot Dimensions: 299x152x299x152
Garage Spaces: 4
School District: 206
Subdivision: Jefferson Condo 102
County: Douglas
Taxes: $5,872
Taxes with Assessments: $5,872
Tax Year: 2026

Additional Features

Basement: Finished, Full
Fuel: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected
Roof: Age 8 Years or Less
Electric: Circuit Breakers

Listing Status

Active
2026-10-16 11:01:27 Date Listed
2026-10-16 11:01:27 Last Update
2026-10-16 11:01:27 Last Photo Update

Listed by Central MN Realty LLC

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

218-237-3333

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©2025 Affinity Real Estate Inc - Licensed in MN

216.73.216.38

Affinity Real Estate in Park Rapids MN
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