Recently Viewed Properties
See This Home
Save This Listing
Close

$265,000

  • Sold
  • Closed
  • Triplex
  • 2,784 Sq. Ft.
See This Home
Save This Home
See This Home
Save This Home
Excellent Investment Opportunity - High-Producing Triplex Near Downtown! Don't miss this well-maintained and income-generating triplex just minutes from downtown and the scenic River Walk! Featuring numerous updates throughout, this property boasts a strong rental history with reliable, long-term tenants. Each unit has separate entrances, offering a great mix of privacy and convenience for tenants. Whether you're an experienced investor or just getting started, this turn-key property is a fantastic addition to any portfolio.

Full Property Details for 408 W Lyon Ave

General

  • Sold For: $265,000
  • Taxes: $4,166 (2025)
  • Status: Closed
  • Type: Triplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6704741
  • Added to Site: 272 day(s) ago

Parking

  • Parking Features: Gravel

School Information

  • School District: 813 - Lake City
  • High School District: Lake City

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

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

Financial Considerations

  • Operating Expenses: $1,500
  • Tax Amount: $4,166
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: Insurance, Grounds Care, Snow Removal, Taxes
  • Tenant Pays: Electricity
  • Pays Electric: Tenant Pays

Disclosures and Reports

  • Legal Description: SECT-05 TWP-111 RANGE-012 LAKE CITY REAR 1/2 OF LOTS 6 & 7 BLK 55
  • Property ID: R220063000

Listed by Lakes Sotheby's International Realty
Sold by Northstar Real Estate Associates

Listing agent

— 408 W Lyon Ave —

  • Lakes Sotheby's International Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 408 W Lyon Ave

School District:Lake City Public School District
NameGradesDistance
Bluff View Elementary School
1156 West Lakewood Avenue, Lake City, MN 55041
PK-60.8 mi
Lincoln Secondary, Lake City, MN
300 South Garden Street, Lake City, MN 55041
7-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 408 W Lyon Ave

Date
Details
Price
Change
Source
9/08/2025
Sold
$265,000
-18.44%
MLS
6/24/2025
Price Reduced
$324,900
-7.14%
MLS
4/28/2025
Listed
$349,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Down Payment Resource

Listed by Lakes Sotheby's International Realty
Sold by Northstar Real Estate Associates

Just Listed near 408 W Lyon Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1894 Cherry St, Red Wing, MN 55066 - Photo 1 Just Listed
$385,000

1894 Cherry St  Red Wing, MN 55066

  • Townhouse
  • Active
  • Updated 4 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 3,191
    Sq. Ft.
Listed by Edina Realty, Inc.
402 W 7th St, Red Wing, MN 55066 - Photo 1 Just Listed
$265,000

402 W 7th St  Red Wing, MN 55066

  • Triplex
  • Active
  • Updated 5 days ago
  • 5
    Beds
  • 3
    Total Baths
  • 2,449
    Sq. Ft.
Listed by Draz Real Estate Inc.
420 Bush St, Red Wing, MN 55066 - Photo 1 Just Listed
$975,000

420 Bush St  Red Wing, MN 55066

  • Commercial
  • Active
  • Updated 6 days ago
  • 11,346
    Sq. Ft.
  • 0.52
    Acres
Listed by Integrity Realty
523 East Ave, Red Wing, MN 55066 - Photo 1 Just Listed
$300,000

523 East Ave  #214  Red Wing, MN 55066

  • Condo
  • Active
  • Updated 4 days ago
  • 2
    Beds
  • 2
    Total Baths
  • 2,020
    Sq. Ft.
Listed by Edina Realty, Inc.

Price Reduced near 408 W Lyon Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

N1086 County Rd N, Pepin, WI 54759 - Photo 1 Price Reduced
-$99,900 (-14.27%)
$600,000

N1086 County Rd N  Pepin, WI 54759

  • Single Family
  • Active
  • Updated 5 days ago
  • 1
    Total Bath
Listed by MinnWisc Realty LLC.
67845 151st Ave, Wabasha, MN 55981 - Photo 1 Price Reduced
-$5,000 (-1.32%)
$374,000

67845 151st Ave  Wabasha, MN 55981

  • Single Family
  • Active
  • Updated 4 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 2,121
    Sq. Ft.
Listed by Keller Williams Premier Realty
1528 W 6th St, Red Wing, MN 55066 - Photo 1 Price Reduced
-$15,000 (-4%)
$359,900

1528 W 6th St  Red Wing, MN 55066

  • Triplex
  • Active
  • Updated 3 days ago
  • 5
    Beds
  • 4
    Total Baths
  • 3,848
    Sq. Ft.
Listed by Team Solutions (612) 386-7067
121 W 6th St, Red Wing, MN 55066 - Photo 1 Price Reduced
-$10,000 (-4.08%)
$235,000

121 W 6th St  Red Wing, MN 55066

  • Single Family
  • Active
  • Updated 5 days ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,120
    Sq. Ft.
Listed by Draz Real Estate Inc.

Recent Sales near 408 W Lyon Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

308 W Lyon Ave, Lake City, MN 55041 - Photo 1 Sold
$238,400

308 W Lyon Ave  Lake City, MN 55041

  • Single Family
  • Closed
  • 4
    Beds
  • 2
    Total Baths
  • 1,728
    Sq. Ft.
Listed by Featherstone Real Estate, LLC
Sold by Dwell Realty Group LLC
611 W Lyon Ave, Lake City, MN 55041 - Photo 1 Sold
$273,000

611 W Lyon Ave  Lake City, MN 55041

  • Single Family
  • Closed
  • 3
    Beds
  • 2
    Total Baths
  • 1,482
    Sq. Ft.
Listed by Featherstone Real Estate, LLC
Sold by Schurhammer Real Estate, LLC
314 N High St, Lake City, MN 55041 - Photo 1 Sold
$297,000

314 N High St  Lake City, MN 55041

  • Duplex
  • Closed
  • 2,179
    Sq. Ft.
Listed by Brick & Banister Real Estate
Sold by eXp Realty
311 N Prairie St, Lake City, MN 55041 - Photo 1 Sold
$275,000

311 N Prairie St  Lake City, MN 55041

  • Duplex
  • Closed
  • 2,010
    Sq. Ft.
Listed by Brick & Banister Real Estate
Sold by Barb Davis | Jonna Kosalko

408 W Lyon Avenue, Lake City, MN 55041 (MLS# 6704741) is a Triplex property that was sold at $265,000 on September 08, 2025. Want to learn more about 408 W Lyon Avenue? Do you have questions about finding other Triplex real estate for sale in Lake City? You can browse all Lake City real estate or contact a Coldwell Banker agent to request more information.