114 Main St NW

Bethel MN 55005

3152 sq. ft.

0.24 ac.

Duplex

Currently for sale - view listing

Overview

Incredible investment opportunity in Bethel! This triplex currently generates $4,482/month when fully occupied: Unit 1 rents for $1,387, Unit 3 for $1,250, and the garage/storage area for $495. Unit 2 will be vacant starting 9/15—recently remodeled, it offers flexibility to owner-occupy or use as a storefront or office space. The building holds a valid rental license under Bethel’s updated rental ordinance. One of the units was originally a storefront, but has been used exclusively as residential for over 25 years. The owner invested approximately $100,000 in improvements, including full electrical rewiring, new panels, a full remodel of Unit 2, and more—all completed with permits and inspections in collaboration with the City of Bethel. Siding was replaced in 2023, the roof is only 4 years old, and all windows have been replaced (except Unit 1). Each unit has access to the side yard, and two units enjoy private decks. Strong rental income with relatively low expenses makes this a solid opportunity to grow your portfolio—or live and work in the same building!

Features

3 carspaces

3 garage spaces

3152 sq. ft. floor area

0.24 ac. lot size

Duplex

Property history for 114 Main St NW

2023

Sold

$415,000

09 Jun 2023 by Monica Morff, of Realty Group LLC

2018

Sold

$350,000

21 Dec 2018 by Barb Goerss

Happy sellers in Bethel

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