x
Showing 1 of 0
X
Save

501 W 3rd Street
Monticello MN 55362 US

$417,000

Pending Listing ID 7083432
bed icon
5 bed
lot icon
Lot: 0.50 Acres
home icon
Other

$417,000

Pending Listing ID 7083432
Save

501 W 3rd Street 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.

Collapse all

Property Features

  • Facts
  • Lot Size: 0.50 Acres
  • Property Type: Other
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Metal
  • Roof Type: Asphalt, Shingle
  • Heating Fuels: Baseboard, Forced Air

Property

  • propertytype: Other
  • propertysubtype: Other
  • listprice: 417000
  • unparsedaddress: 501 W 3rd Street
  • postalcity: Monticello
  • stateorprovince: MN
  • country: US
  • postalcode: 55362
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.501
  • lotsizeunits: Acres
  • lotsizearea: 0.501
  • livingarea: 2977
  • livingareaunits: Square Feet
  • latitude: 45.302739
  • longitude: -93.788109
  • listagentfullname: Marci Segner
  • listagentemail: msegner@remax.net
  • listagentkey: 3yd-RMLSMN-502010731
  • listagentmlsid: 502010731
  • listagentpreferredphone: 3202661084
  • listagentofficephone: 9522267700
  • listofficekey: 3yd-RMLSMN-26306
  • listofficemlsid: 26306
  • disclaimer: Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RMLSMN
  • yearbuilt: 1956
  • listingcontractdate: 2026-06-04
  • listagenturl: https://www.therealestateadvantage.com/
  • countyorparish: Wright-MN
  • parcelnumber: 155015013040
  • heating: Baseboard, Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Asphalt, Shingle
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • exteriorfeatures: Metal
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: False
  • location: -93.78811, 45.30274
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"RE/MAX Advantage Plus", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"msegner@remax.net", "ListBrokerageCity":"Savage", "ListBrokerageCountry":"US", "ListBrokerageEmail":"kate.osborn@therealestateadvantage.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/RMLSMN/30b31fe199b511dfbad600219b9aa4d8/20231106200953586.png", "ListBrokerageName":"RE/MAX Advantage Plus", "ListBrokeragePhone":"(952) 226-7700", "ListBrokeragePostalCode":"55378", "ListBrokerageStateOrProvince":"MN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"13875 Highway 13 South", "ListBrokerageWebsiteUrl":"https://www.therealestateadvantage.com/", "ListOfficeAddress1":"13875 Highway 13 South", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Savage", "ListOfficeCountry":"US", "ListOfficeEmail":"kate.osborn@therealestateadvantage.com", "ListOfficePostalCode":"55378", "ListOfficeStateOrProvince":"MN", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Family - Monticello, MN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/501-W-3rd-St_Monticello_MN_55362_M80016-32816?f=listhub&s=RMLSMN&m=7083432&c=rexren", "MLSModificationTimestamp":"2026-06-19T20:43:10Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Multi-Family", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4906, "TaxDescription":null, "TaxYear":"2026"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 6/19/2026 10:02:33 PM GMT
Source Updated Date: 6/30/2026 12:50:44 AM GMT

Courtesy of: Marci Segner, RE/MAX Advantage Plus, msegner@remax.net

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.