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$570,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 11 Total Beds
  • 4 Car Garage
  • Updated 18 hours ago
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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.

Full Property Details for 1229-1231 Jefferson St

General

  • Price: $570,000
  • Taxes: $5,872 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7160511
  • Updated: 10/16/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 11

Other Rooms

  • Laundry: In Unit, In Unit

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Parking Features: Detached Garage

Location

  • County: Douglas
  • Township: Alexandria
  • Subdivision: Jefferson Condo 102
  • Driving Directions: From Broadway head west on 10th Ave and right onto Jefferson at and follow down to property on left.

School Information

  • School District: 206 - Alexandria
  • High School District: Alexandria

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Finished, Full
  • Foundation Size: 1900
  • Roof: Age 8 Years or Less
  • Disability Access: None
  • Square Feet: 3,800
  • Above Ground: 1,900 Sq. Ft.
  • Below Ground: 1,900 Sq. Ft.
  • Finished Down/Base.: 3,800 Sq. Ft.
  • Year Built: 1966

Unit Information

  • Units w/Refrigerators: 1

Lot Features

  • Lot Size (Acres): 0.9
  • Lot Dimensions: 299 x 152 x 299 x 152
  • Frontage: City Street, Paved Streets, Sidewalks
  • Lot Description: Light Tree Coverage

Financial Considerations

  • Operating Expenses: $15,695
  • Tax Amount: $5,872
  • Tax Year: 2026
  • Owner Pays: Heat, Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Trash Collection, Water
  • Pays Heat: Owner Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: SEC-19 TWP-128 RANG-37 JEFFERSON CONDOMINIUM NO 102 CONDO UNIT 1-4 & GARAGE 1A & 12.5% OF COMMON AREA
  • Property ID: 631591100

Listed by Central MN Realty LLC

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— 1229-1231 Jefferson St —

  • Central MN Realty LLC

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NMLS#: 1598647

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Price & Sales History for 1229-1231 Jefferson St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/15/2026
Listed
$570,000
776.92%
MLS
3/31/2006
Sold
$65,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1229-1231 Jefferson St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,488
—
$143,600
2%
2026
$1,488
2%
$141,300
4%
2023
$1,454
22%
$136,000
8%
2023
$1,194
6%
$126,100
29%
2022
$1,124
4%
$97,800
15%
2021
$1,078
1%
$84,900
6%
2018
$1,066
6%
$79,800
4%
2019
$1,006
9%
$76,500
4%
2018
$922
5%
$73,300
5%
2017
$880
-2%
$70,000
5%
2016
$894
—
$66,639
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1229-1231 Jefferson Street, Alexandria, MN 56308 (MLS# 7160511) is a Multi-Family property with 4 units containing 11 bedrooms and 0 full bathrooms. 1229-1231 Jefferson Street is currently listed for $570,000 and was received on October 15, 2026. Want to learn more about 1229-1231 Jefferson Street? Do you have questions about finding other Multi-Family real estate for sale in Alexandria? You can browse all Alexandria real estate or contact a Coldwell Banker agent to request more information.

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