Is $220,000 a good price for a home in Alexandria?

According to BuyPulse, 1202 Elm Street rates Excellent Value — at $101/sqft it's priced 52% below the Alexandria median of $212/sqft. Powered by the Realgorithm™.

Does 1202 Elm Street have a basement?

Yes, 1202 Elm Street has a finished basement with 600 sq ft of below-grade space.

What type of heating and cooling does 1202 Elm Street have?

1202 Elm Street has Forced Air heating.

Where is 1202 Elm Street located?

1202 Elm Street is in the Hicks neighborhood of Alexandria, MN 56308, in Douglas County.

Is 1202 Elm Street still available?

Yes — 1202 Elm Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.

When was 1202 Elm Street built?

1202 Elm Street was built in 1900. It features block construction and a block foundation.

Does 1202 Elm Street have main-floor laundry?

Yes — the laundry at 1202 Elm Street is on the main level.

How walkable is 1202 Elm Street?

1202 Elm Street has a Walk Score of 57/100 (Somewhat Walkable) and a Bike Score of 52/100 (Somewhat Bikeable).

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 1 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 2 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 3 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 4 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 5 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 6 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 7 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 8 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 9 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 10 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 11 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 12 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 13 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 14 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 15 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 16 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 17 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 18 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 19 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 20 of 21)

1900 triplex for sale at 1202 Elm Street in Alexandria, MN — 5 bed, 3 bath (photo 21 of 21)

1202 Elm Street — Triplex, Alexandria, MN 56308

Just Listed on M Premiere — listed October 9, 2026

5 Beds | 3 Baths | 2,168 Sq Ft | Home | MLS# 7157891

$220,000

Is 1202 Elm Street a Good Deal?

BuyPulse Verdict

Excellent Value

At $101/sqft — This home is priced 52% below the Alexandria median of $212/sqft.

$1,471/month Estimated

Principal & interest: $1,112
Property taxes: $231
Home insurance (est.): $128
HOA dues: None

20% down ($44,000) · 30-yr fixed, 6.5% · Can I afford this home?

Estimates only; confirm before you offer.

Alexandria, MN Active

Located in Hicks 3rd Add, Alexandria, MN.

About This Home

Income-Producing Investment Property | 3 Units | Detached 2-Stall Garage Investors, take note! This unique property offers three existing rental units, a detached two-stall garage (garage not currently rented), and a large, level corner lot with additional income potential. Currently generating $31,800 in annual gross income with reported annual expenses of $10,559, the property produces an estimated annual net income of $21,241. Originally built as a single-family home, the property has been converted into three separate rental units. The original interior staircase remains intact, with doorways currently separating the units, offering the potential to explore a conversion back to a single-family residence, subject to applicable requirements. The exterior is in good condition, while the interior offers an opportunity for updates and improvements to enhance the property’s value and rental potential. Buyers should anticipate interior work, including flooring updates and possible plumbing-related repairs. With established rental income, a detached two-stall garage, and a spacious corner lot, this property offers multiple possibilities for investors looking to expand their portfolio or buyers seeking a property with flexibility and long-term potential. Explore the possibilities and make this investment your own! Offered at $220,000.

Key Features

Built: 1900
Garage: 2-Car Detached
Style: Two
HOA: None
Annual Taxes: $2,768 (2026)

Property Details

Property Type: Triplex
Above Grade Sq Ft: 1,568
Below Grade Sq Ft: 600
Lot Size: 0.326 acres
Basement: Yes
Roof: Age Over 8 Years
Construction: Block
County: Douglas
List Date: 2026-10-09
Days on Market: 3 days
Parcel ID: 631847000

Financial

Total Tax incl. Assessments: $2,768

Home Systems & Utilities

Heating: Forced Air
Electric: Circuit Breakers
Water: City Water/Connected
Sewer: City Sewer/Connected

Interior Features

Laundry: Lower Level, Main Level

Construction & Exterior

Construction & Structure

Foundation Type: Block
Foundation Area: 784 sqft
Total Building Area: 2,352 sqft

Exterior Features

Exterior Features: Vinyl
Fenced Area: Yes
Accessibility Features: None

Parking & Garage

Parking Features: Detached Garage, Shared Driveway, Gravel

Lot & Land

Lot Features: Corner Lot, Tree Coverage - Medium
Topography: Level
Road Surface: City Street
Zoning Description: Residential-Multi-Family

Agent & Office

List Office: Central MN Realty LLC

Price History

Listed at $220,000 on Oct 9, 2026 — No price changes

1202 Elm Street is listed in Alexandria, MN, part of Douglas County. Browse all Minnesota homes for sale on Modern Market REALTORS®.

Showing — 1202 Elm Street

Shannon Barnum

Associate Broker · Modern Market REALTORS®

Your Alexandria real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.

See all Alexandria homes ›

Listed by Central MN Realty LLC · Shown by Modern Market REALTORS®

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First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.

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MLS# 7157891 · Data refreshed October 10, 2026

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Frequently Asked Questions About 1202 Elm Street

Is $220,000 a good price for a home in Alexandria?: According to BuyPulse, 1202 Elm Street rates Excellent Value — at $101/sqft it's priced 52% below the Alexandria median of $212/sqft. Powered by the Realgorithm™. Browse Alexandria homes for sale to compare.
Does 1202 Elm Street have a basement?: Yes, 1202 Elm Street has a finished basement with 600 sq ft of below-grade space.
What type of heating and cooling does 1202 Elm Street have?: 1202 Elm Street has Forced Air heating.
Where is 1202 Elm Street located?: 1202 Elm Street is in the Hicks neighborhood of Alexandria, MN 56308, in Douglas County.
Is 1202 Elm Street still available?: Yes — 1202 Elm Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
When was 1202 Elm Street built?: 1202 Elm Street was built in 1900. It features block construction and a block foundation.
Does 1202 Elm Street have main-floor laundry?: Yes — the laundry at 1202 Elm Street is on the main level.
How walkable is 1202 Elm Street?: 1202 Elm Street has a Walk Score of 57/100 (Somewhat Walkable) and a Bike Score of 52/100 (Somewhat Bikeable). Scores provided by Walk Score® →

Local Companies to Help You Settle In

From inspection to closing to moving day, here are well-known local companies serving the Alexandria area.

Listings courtesy of NorthstarMLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 10/13/2026, 1:17 AM CDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.