Come take advantage of this income-producing Triplex in the heart of Lanesboro, MN! Sitting in a great
location in the center of historic Lanesboro, MN; this versatile triplex offers a fantastic opportunity
for both investors and owner-occupants! With two active rental units and an opening for another tenant; this property offers a possibility of $1650 of rental in come per month. Featuring four total spacious bedrooms and three total bathrooms, each dwelling is thoughtfully designed for comfort and functionality. The large lot provides ample space for outdoor enjoyment, whether it's gardening, entertaining, or simply taking in the beauty of this charming town! Located just moments from downtown shops, dining, the Root
River State Trail, and cultural attractions, tenants and owners alike will appreciate the convenience and
vibrant community atmosphere. Whether your looking to expand your investment portfolio or find a home
with rental income, this property is a rare find in one of Minnesota's most sought-after small towns. Schedule a showing today!
Active
Price cut: $20K (5/22)
$175,000
301 Elmwood St E, Lanesboro, MN 55949
4beds
3baths
2,520sqft
Est.:
Triplex
Built in 1890
-- sqft lot
$171,300 Zestimate®
$69/sqft
$-- HOA
What's special
- 139 days
- on Zillow |
- 444 |
- 14 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: May 22, 2025 at 10:07am
Listed by:
Kris Lindahl 763-292-4455,
Kris Lindahl Real Estate,
Ryan Ernest Kelley 507-513-1231
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6658278

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Forced Air
Features
- Basement: Block
Interior area
- Total structure area: 2,520
- Total interior livable area: 2,520 sqft
- Finished area above ground: 1,512
- Finished area below ground: 848
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 0.32 Acres
- Dimensions: 140 x 100
- Features: Corner Lot
Details
- Foundation area: 1008
- Parcel number: 190232000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Wood Siding
Condition
- Age of Property: 135
- New construction: No
- Year built: 1890
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Lanesboro Original
Location
- Region: Lanesboro
Financial & listing details
- Price per square foot: $69/sqft
- Tax assessed value: $160,300
- Annual tax amount: $2,182
- Date on market: 3/6/2025
- Tenant pays: Electricity, Sewer, Trash Collection
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