501 W 3rd ST, Monticello, MN 55362
501 W 3rd ST, Monticello, MN 55362
501 W 3rd ST, Monticello, MN 55362
501 W 3rd ST, Monticello, MN 55362
501 W 3rd ST, Monticello, MN 55362
501 W 3rd ST, Monticello, MN 55362
Matt Wright
Matt Wright

+1(612) 834-9730

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$ 425,000

$ 417,000 1.9%

Est. payment | /mo

5 Beds

3 Baths

2,977 SqFt

$ 425,000

$ 417,000 1.9%

Est. payment | /mo

5 Beds

3 Baths

2,977 SqFt

Key Details

Sold Price $425,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,977 sqft

Price per Sqft $142

Subdivision Lower Monticello

MLS Listing ID 7083432

Sold Date 07/22/26

Bedrooms 5

Year Built 1956

Annual Tax Amount $4,906

Tax Year 2026

Contingent None

Lot Size 0.501 Acres

Lot Dimensions 132x165x132x165

Property Sub-Type Triplex

Property Description

Excellent turnkey triplex investment opportunity in Monticello! This fully occupied property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit with established tenants and lease agreements in place, offering immediate cash flow and stable rental income. Numerous updates have been completed throughout the property, including remodeled kitchens, bathrooms, flooring, fixtures, and finishes that contribute to strong tenant appeal and pride of ownership. Major improvements include a new roof (2025), new water heater (2025), and new furnace (2021), helping minimize future capital expenses. Separate electric meters serve each unit, and the property is situated on a spacious half-acre lot, offering exceptional outdoor space and flexibility rarely found with multifamily properties. Conveniently located near downtown Monticello, parks, schools, shopping, dining, and major commuter routes, this well-maintained property offers immediate cash flow, a strong rental history, and long-term investment potential. Income and expense information available upon request.

Location

State MN

County Wright

Zoning Residential-Multi-Family

Rooms

Basement Block

Interior

Heating Baseboard, Forced Air

Fireplace No

Laundry Common Area, Main Level

Exterior

Garage Spaces 2.0

Roof Type Age 8 Years or Less,Asphalt

Building

Lot Description Corner Lot

Story One and One Half

Foundation 1079

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One and One Half

New Construction false

Schools

School District Monticello

Listed by Marci Segner • RE/MAX Advantage Plus
Nearby Locations

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Matt Wright
Matt Wright

+1(612) 834-9730

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Phone*
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501 W 3rd ST