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732 Vernon Ave NW

Elk River MN 55330

7
3
2
2932 sq. ft.
32670 sq. ft.
Single-Family
Currently for sale - view listing

Overview

Excellent Investment Opportunity in Elk River! Here?s a great chance for investors to secure a well-maintained, income-producing triplex in the heart of Elk River. Originally remodeled in 2019 with the intent of being used as a three-unit rental, the property has been kept in excellent condition and complies with the Elk River Interim Use Permit (IUP). In 2025, the seller completed several updates, including the 2 vacant units being professionally painted, walls, trim and doors, kitchens and bathrooms, and the addition of several new windows?enhancing both the look and function of the home. The 2019 updates included new siding, updated kitchen cabinetry in two units, new interior doors and flooring, and all-new appliances, which remain in good working order. All systems are currently functioning well with no known issues. Each of the three separate units features in-unit laundry, a full kitchen, bathroom, and designated dining and living areas. Unit 1 includes three bedrooms, Unit 2 is a one-bedroom, and Unit 3 (garden level) offers three bedrooms. Whether you're a seasoned investor or just starting out, this Elk River triplex offers strong rental income, updated finishes, and excellent tenant flexibility in a convenient and growing location. This is a limited opportunity?please reach out if interested. Agents: See agent remarks for further info.

Features

7 bedrooms
3 bathrooms
2 carspaces
2 garage spaces
2932 sq. ft. floor area
32670 sq. ft. lot size
Single-Family

Property history for 732 Vernon Ave NW

2019
Sold
$165,000
05 Mar 2019

Happy sellers in Elk River

96%
96% of sellers in Elk River reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 5 reviews in Elk River over the last 12 months.

Local market activity for 7 bedroom single-family properties in Elk River

In the last 12 months, 1 seven-bedroom single-family similar to 732 Vernon Ave NW, have been sold.

This represents a 50% increase in seven-bedroom single-family properties sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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