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  • $349,900

    408 W Lyon Ave, Lake City, MN 55041

    6beds
    5baths
    4,176sqft
    : 
    Triplex
    Built in 1889
    -- sqft lot
    $303,800 Zestimate®
    $84/sqft
    $-- HOA

    What's special

    Excellent Investment Opportunity – High-Producing Triplex Near Downtown! Don’t miss this well-maintained and income-generating triplex just minutes from downtown and the scenic River Walk! Featuring numerous updates throughout, this property boasts a strong rental history with reliable, long-term tenants. Each unit has separate entrances, offering a great mix of privacy and convenience for tenants. Whether you're an experienced investor or just getting started, this turn-key property is a fantastic addition to any portfolio.
    4 days
    on Zillow
    |
    270
    |
    13
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 22, 2025 at 08:11pm

    Listed by:

    Heidi Hartzell 651-380-9380,

    Lakes Sotheby's International Realty

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6704741MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    Heating
    • Forced Air
    Features
    • Basement: Block,Owner Access,Unfinished
    Interior area
    • Total structure area: 4,176
    • Total interior livable area: 4,176 sqft
    • Finished area above ground: 2,784
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Fencing: None
    Lot
    • Size: 7,405.2 Square Feet
    • Dimensions: 99 x 77
    • Features: Wooded
    Details
    • Foundation area: 1392
    • Parcel number: R220063000
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Materials
    • Vinyl Siding, Frame
    • Foundation: Stone
    • Roof: Age 8 Years or Less
    Condition
    • Age of Property: 136
    • New construction: No
    • Year built: 1889

    Utilities & green energy

    • Electric: Circuit Breakers
    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    Community
    • Subdivision: Lake City
    HOA
    • Amenities included: None
    Location
    • Region: Lake City

    Financial & listing details

    • Price per square foot: $84/sqft
    • Tax assessed value: $258,700
    • Annual tax amount: $4,166
    • Date on market: 4/21/2025
    • Tenant pays: Electricity
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