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For Sale:  Elk River MLS# 6725640

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Active
$674,900
/mo Edit
Single Family:  1 Story
7 br • 3 ba • Built 1990
2,932 sqft • 0.75 acres
Elk River schools
MLS# 6725640
763-576-8286
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    Property Description

    Excellent Investment Opportunity in Elk River! Here’s a great chance for investors to secure a well-maintained, income-producing triplex in the heart of Elk River. Originally remodeled in 2019 with the intent of being used as a three-unit rental, the property has been kept in excellent condition and complies with the Elk River Interim Use Permit (IUP). In 2025, the seller completed several updates, including the 2 vacant units being professionally painted, walls, trim and doors, kitchens and bathrooms, and the addition of several new windows—enhancing both the look and function of the home. The 2019 updates included new siding, updated kitchen cabinetry in two units, new interior doors and flooring, and all-new appliances, which remain in good working order. All systems are currently functioning well with no known issues. Each of the three separate units features in-unit laundry, a full kitchen, bathroom, and designated dining and living areas. Unit 1 includes three bedrooms, Unit 2 is a one-bedroom, and Unit 3 (garden level) offers three bedrooms. Whether you're a seasoned investor or just starting out, this Elk River triplex offers strong rental income, updated finishes, and excellent tenant flexibility in a convenient and growing location. This is a limited opportunity—please reach out if interested. Agents: See agent remarks for further info.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $674,900
    Price per sq ft: $230
    Property Type: Single Family
    City: Elk River
    Garage Spaces: 2
    County: Sherburne
    Year Built: 1990
    State: MN
    Property Style: 1 Story
    Zip Code: 55330

    Interior

    Bedrooms: 7
    Bathrooms: 3
    Finished Area: 2,932 ft2
    Total Fireplaces: 0
    Living Area: 2,932 ft2
    Common Wall: No
    Appliances Included:
    • Dryer
    • Gas Water Heater
    • Range
    • Refrigerator
    • Washer
    Basement Details:
    • Finished
    • Full

    Exterior

    Stories: One
    Garage Spaces: 2
    Air Conditioning: Central Air
    Foundation Size: 2,084 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Attached Garage
    • Garage Door Opener
    Unit Amenities: Ceiling Fan(s)
    Road Frontage:
    • City Street
    • Paved Streets
    Exterior Material: Vinyl Siding

    Rooms

    1/4 Baths: None
    Full Baths: 3
    Half Baths: None
    3/4 Baths: None
    Bathroom Details:
    • Full Basement
    • Main Floor Full Bath
    Dining/Kitchen:
    • Eat In Kitchen
    • Kitchen/Dining Room

    Lot & Land

    Acres: 0.75
    Geolocation: 45.309811, -93.586544
    Lot Dimensions: 0
    Zoning: Residential-Single Family
    Lot Description: Many Trees

    Schools

    School District: 728
    District Phone: 763-241-3400

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $6,380
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,380
    Association Fee Required: No
    Association Fee: None
    Association Fee Frequency: N/A

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Listing provided by RMLS, courtesy of Real Broker, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.