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.
Coming soon
$349,900
408 W Lyon Ave, Lake City, MN 55041
6beds
5baths
4,176sqft
Est.:
Triplex
Built in 1889
-- sqft lot
$303,800 Zestimate®
$84/sqft
$-- HOA
What's special
- 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#: 6704741

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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