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$549,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 8 Total Beds
  • 5 Car Garage
  • Updated 4 days ago
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Incredible investment opportunity! This 4-plex features four 2 bedroom, 1 bath units with functional open layouts designed for comfortable living. Upper-level units offer private balconies, while tenants enjoy the convenience of on-site laundry, dedicated garage parking with one stall per unit, and additional off-street parking. A strong rental history with long-term tenants provides added confidence for investors seeking a proven income-producing property. Conveniently located near parks, shopping, restaurants, and major transportation routes, this property offers a desirable location that continues to attract and retain renters. Whether you're expanding your portfolio or purchasing your first multifamily property, this is an opportunity you won't want to miss.

Full Property Details for 3485 Lester Ave

General

  • Price: $549,900
  • Taxes: $6,519 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7117247
  • Updated: 7/29/2026
  • Added to Site: 6 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Shared Amenities: Laundry, Security Lighting

Parking

  • Garage: Yes
  • Garage Spaces: 5
  • Parking Features: Detached Garage

Location

  • County: Dakota
  • Township: Hastings
  • Subdivision: Powers Place
  • Driving Directions: From US-61 S, turn right onto Cannon St, turn left onto 33rd St W, turn left onto Lester Ave

School Information

  • School District: 200 - Hastings
  • High School District: Hastings

Heating & Cooling

  • Heating Type: Radiator, Radiant
  • Heating Fuel: Electric

Utilities

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

Structural Information

  • Basement: Yes
  • Foundation Size: 1650
  • Roof: Age Over 8 Years
  • Disability Access: None
  • Square Feet: 3,300
  • Above Ground: 1,650 Sq. Ft.
  • Below Ground: 1,650 Sq. Ft.
  • Finished Down/Base.: 3,300 Sq. Ft.
  • Year Built: 1969

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 0.368
  • Lot Dimensions: irregular
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $19,564.23
  • Tax Amount: $6,519
  • Tax Year: 2026
  • Terms: Conventional, Cash
  • Owner Pays: Repairs, Sewer, Water
  • Tenant Pays: Electricity
  • Pays Electric: Tenant Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: POWERS PLACE B N 107 FT OF S 120.5 FT OF W 150 FT OF OUTLOT
  • Property ID: 195850000113

Listed by Edina Realty, Inc.

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Listing agent

— 3485 Lester Ave —

  • Edina Realty, Inc.

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NMLS#: 1598647

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Schools serving 3485 Lester Ave

School District:Hastings Public School District
NameGradesDistance
Kennedy Elementary School, Hastings, MN
1175 Tyler Street, Hastings, MN 55033
K-41.5 mi
Hastings Middle School
1000 11th Street West, Hastings, MN 55033
5-81.6 mi
Hastings High School
200 General Sieben Drive, Hastings, MN 55033
9-122.8 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 3485 Lester Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/28/2026
Listed
$549,900
124.45%
MLS
10/16/2009
Sold
$245,000
—
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 3485 Lester Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,519
-11%
$449,900
-1%
2025
$7,294
2%
$455,100
-2%
2024
$7,164
15%
$462,300
13%
2023
$6,256
—
$408,300
12%
2023
$6,256
1%
$363,300
3%
2022
$6,166
7%
$353,200
10%
2020
$5,776
14%
$321,500
3%
2019
$5,086
14%
$313,300
18%
2018
$4,481
11%
$266,500
12%
2017
$4,052
—
$238,700
3%
2016
$4,043
2%
$232,300
1%
2015
$3,983
-6%
$230,000
—
2014
$4,247
-5%
$230,000
—
2013
$4,466
—
$230,000
—
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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Listed by Edina Realty, Inc.

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3485 Lester Avenue, Hastings, MN 55033 (MLS# 7117247) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 3485 Lester Avenue is currently listed for $549,900 and was received on July 28, 2026. Want to learn more about 3485 Lester Avenue? Do you have questions about finding other Multi-Family real estate for sale in Hastings? You can browse all Hastings real estate or contact a Coldwell Banker agent to request more information.

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