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322 5th Avenue E, 
Alexandria, MN 56308

$219,900

7

Beds

3

Baths

4,320

Sq Ft

Multi-Family

Active

Listed by

Kristine Telkamp

, 

Bridget Hayen Telkamp

Counselor Realty Inc Of Alex

320-762-1111

Last updated:

May 1, 2026, 03:13 PM

MLS#

7060763

Source:

ND FMAAR

About This Home

322 5th Avenue E

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.

Home Facts

Multi-Family

3 Baths

7 Bedrooms

Built in 1900

Price Summary

219,900

$50 per Sq. Ft.

MLS #:

7060763

Last Updated:

May 1, 2026, 03:13 PM

Added:

9 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

3

Interior

Living Area:

4,320 Sq. Ft.

Structure

Structure

Building Area:

4,320 Sq. Ft.

Year Built:

1900

Lot

Lot Size (Sq. Ft):

10,018

Finances & Disclosures

Finances

Price:

$219,900

Price per Sq. Ft:

$50 per Sq. Ft.

Source:ND FMAAR
The information being provided by Fargo-Moorhead Area Association Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Fargo-Moorhead Area Association Of REALTORS® Mls All rights reserved.

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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.