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Back 501 West 3rd Street
Off Market

501 West 3rd Street

Monticello MN 55362

5
3
2
2977 sq. ft.
0.5 ac.
Duplex
Last sold for $425,000
Marci SegnerMarci Segner, last sold this property on 22 July 2026 after 44 days on market.

Overview

Excellent turnkey triplex investment opportunity in Monticello! This fully occupied property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit with established tenants and lease agreements in place, offering immediate cash flow and stable rental income. Numerous updates have been completed throughout the property, including remodeled kitchens, bathrooms, flooring, fixtures, and finishes that contribute to strong tenant appeal and pride of ownership. Major improvements include a new roof (2025), new water heater (2025), and new furnace (2021), helping minimize future capital expenses. Separate electric meters serve each unit, and the property is situated on a spacious half-acre lot, offering exceptional outdoor space and flexibility rarely found with multifamily properties. Conveniently located near downtown Monticello, parks, schools, shopping, dining, and major commuter routes, this well-maintained property offers immediate cash flow, a strong rental history, and long-term investment potential. Income and expense information available upon request.

Features

5 bedrooms
3 bathrooms
2 carspaces
2 garage spaces
2977 sq. ft. floor area
0.5 ac. lot size
Duplex

Estimated Value

We need at least 3 similar 5 bedroom duplexes sold in Monticello over the last 12 months.

Property history for 501 West 3rd Street

2026
Sold
$425,000
22 Jul 2026 by Marci Segner, of REMAX Advantage Plus | Annandale
2021
Sold
$290,000
10 May 2021 by Monica Martin, of REMAX Advantage Plus | Orono

Happy sellers in Monticello

94%
94% of sellers in Monticello reported that their sale price either exceeded or met their price expectations.

Monticello stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Monticello over the last 12 months.

Local market activity for 5 bedroom duplexes in Monticello

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Monticello

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Ray Clark

Ray Clark is an award winning recommended agent for Monticello.  They have 2 local sales and collected 4 local reviews across the last 12 months.

  •   5   (35 reviews)
  •  4 Reviews in Monticello
  •  2 Sales in Monticello
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Andy Sopher

Andy Sopher is an award winning recommended agent for Monticello.  They have 3 local sales and collected 1 local review across the last 12 months.

  •   5   (81 reviews)
  •  1 Review in Monticello
  •  3 Sales in Monticello
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Justin Tolle

Justin Tolle is an award winning recommended agent for Monticello.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (38 reviews)
  •  1 Review in Monticello
  •  1 Sale in Monticello
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Leigh Ronsen

Leigh Ronsen is a recommended agent for Monticello.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (3 reviews)
  •  1 Review in Monticello
  •  1 Sale in Monticello
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