Date
Details
Price
Change
Source
10/09/2026
Listed
$220,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/21
$220,000 Just Listed
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1/21
Property Description
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.
Full Property Details
Full Property Details for 1202 Elm St
General
- Price: $220,000
- Taxes: $2,768 (2026)
- Status: Active
- Type: Triplex
- Source: NorthStarMLS_RMLS
- MLS ID: 7157891
- Updated: 10/10/2026
- Added to Site: 1 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Lower Level, Main Level, Lower Level, Main Level
Additional Information
- Shared Amenities: Laundry
Exterior
- Porch/Patio/Deck: Covered, Deck, Porch
Parking
- Garage: Yes
- Garage Description: 22 x 20
- Garage Spaces: 2
- Parking Features: Detached Garage, Shared Driveway, Gravel
Location
- County: Douglas
- Township: Alexandria
- Subdivision: Hicks 3rd Add
- Driving Directions: heading south on Broadway turn right onto 12th street, property is on the left at the corner of 12th and Elm.
School Information
- School District: 206 - Alexandria
- High School District: Alexandria
Heating & Cooling
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Exterior Const.: Block
- Basement: Yes
- Finished basement: Yes
- Basement Desc.: Finished
- Foundation Size: 784
- Roof: Age Over 8 Years
- Disability Access: None
- Square Feet: 2,168
- Above Ground: 1,568 Sq. Ft.
- Below Ground: 784 Sq. Ft.
- Finished Down/Base.: 2,352 Sq. Ft.
- Year Built: 1900
Unit Information
- Units w/Refrigerators: 3
Lot Features
- Lot Size (Acres): 0.326
- Lot Dimensions: 90 x 158 x 80 x 130
- Frontage: City Street
- Zoning: Residential-Multi-Family
- Lot Description: Corner Lot, Medium Tree Coverage
Financial Considerations
- Operating Expenses: $10,559
- Tax Amount: $2,768
- Tax Year: 2026
- Owner Pays: Electricity, Fuel, Insurance, Sewer, Taxes, Water
- Tenant Pays: Cable TV, Lawn Care, Trash Collection
- Pays Cable: Tenant Pays
- Pays Electric: Owner Pays
- Pays Trash: Tenant Pays
- Pays Water: Owner Pays
Disclosures and Reports
- Legal Description: SEC-19 TWP-128 RANG-37 HICKS 3RD ADDN N HALF OF LOT 2 BLK 15
- Property ID: 631847000
Listed by Central MN Realty LLC
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Listing agent
— 1202 Elm St —
Central MN Realty LLC
NMLS#: 1598647
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Schools
Schools serving 1202 Elm St
School District:Alexandria Public School District
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Alexandria, MN 1120 Lark Street, Alexandria, MN 56308 | K-6 | 0.4 mi |
Discovery Junior High School 510 North Mc Kay Avenue Northeast, Alexandria, MN 56308 | 7-9 | 1.8 mi |
Alexandria Area High School 4300 Pioneer Road Southeast, Alexandria, MN 56308 | 10-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1202 Elm St
Tax History
Tax History for 1202 Elm St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$2,768
—
$226,500
1%
2026
$2,768
16%
$225,100
21%
2023
$2,388
4%
$185,600
5%
2023
$2,290
-1%
$176,300
10%
2022
$2,310
4%
$160,700
7%
2021
$2,226
1%
$150,600
6%
2018
$2,200
5%
$142,500
4%
2019
$2,090
7%
$136,400
4%
2018
$1,960
5%
$131,100
5%
2017
$1,866
-1%
$125,100
5%
2016
$1,888
—
$118,922
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1202 Elm St
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Listed by Kvale Real Estate
Sold by Real Estate by Jo, LLC
Sold by Real Estate by Jo, LLC
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Sold by ALO Realty Advisors
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Listed by Randy Fischer Real Estate, Inc
Sold by Randy Fischer Real Estate, Inc
Sold by Randy Fischer Real Estate, Inc
1202 Elm Street, Alexandria, MN 56308 (MLS# 7157891) is a Triplex property with 5 bedrooms and 0 full bathrooms. 1202 Elm Street is currently listed for $220,000 and was received on October 09, 2026. Want to learn more about 1202 Elm Street? Do you have questions about finding other Triplex real estate for sale in Alexandria? You can browse all Alexandria real estate or contact a Coldwell Banker agent to request more information.