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1202 Elm Street, 
Alexandria, MN 56308

$220,000


5

Beds


3

Baths


2,168

Sq Ft


Multi-Family

Active

Listed by

Sammi Lindemann

Central Mn Realty LLC.

320-363-4363

Last updated:

October 15, 2026, 01:09 PM

MLS#

7157891

Source:

NSMLS

About This Home

1202 Elm Street

Income-Producing Investment Property | 3 Units | Detached 2-Stall Garage Investors, take note! This unique property offers three existing rental units, a detached two-stall garage (garage not currently rented), and a large, level corner lot with additional income potential. Currently generating $31,800 in annual gross income with reported annual expenses of $10,559, the property produces an estimated annual net income of $21,241. Originally built as a single-family home, the property has been converted into three separate rental units. The original interior staircase remains intact, with doorways currently separating the units, offering the potential to explore a conversion back to a single-family residence, subject to applicable requirements. The exterior is in good condition, while the interior offers an opportunity for updates and improvements to enhance the property’s value and rental potential. Buyers should anticipate interior work, including flooring updates and possible plumbing-related repairs. With established rental income, a detached two-stall garage, and a spacious corner lot, this property offers multiple possibilities for investors looking to expand their portfolio or buyers seeking a property with flexibility and long-term potential. Explore the possibilities and make this investment your own! Offered at $220,000.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1900

Subdivision & Development:

Hicks 3rd Add

Price Summary

220,000

$101 per Sq. Ft.

MLS #:

7157891

Last Updated:

October 15, 2026, 01:09 PM

Added:

6 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Interior

Living Area:

2,168 Sq. Ft.


Structure

Structure

Building Area:

2,352 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

14,200


Finances & Disclosures

Finances

Price:

$220,000

Price per Sq. Ft:

$101 per Sq. Ft.

Source:NSMLS
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.