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Bethel,MN 55005
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,152 sqft
Price per Sqft $144
Subdivision Bethel
MLS Listing ID 6727165
Year Built 1945
Annual Tax Amount $4,357
Tax Year 2025
Contingent None
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 125x140
Property Sub-Type Triplex
Property Description
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!
Location
State MN
County Anoka
Rooms
Family Room Other
Basement Crawl Space
Interior
Heating Baseboard,Boiler
Fireplace No
Exterior
Parking Features Detached,Gravel,Garage Door Opener,Guest Parking,Insulated Garage,More Parking Onsite for Fee,Storage
Garage Spaces 3.0
Fence Partial,Wood
Roof Type Age 8 Years or Less,Asphalt
Building
Story Modified Two Story
Foundation 2298
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Modified Two Story
Structure Type Vinyl Siding
New Construction false
Schools
School District St. Francis
Others
Virtual Tour https://wellcomemat.com/embed/59ccfe94d0cb1m7kg?mls=1