408 W Lyon Avenue
Lake City, MN 55041
- – beds
- – baths
- 2,784 sqft
- $125 per sqft
- 1889 build
- – on site
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.
Last checked:
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Last updated Apr 21, 2025
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MLS# 6704741 —
The Building
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Year Built:1889
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New Construction:false
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Age Of Property:136
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Construction Materials:Vinyl Siding
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Construction Materials Desc:Frame
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Roof:Age 8 Years or Less
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Accessibility Features:None
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Levels:Two
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Main Level Finished Area:1392.0000
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Basement:Block, Owner Access, Stone/Rock, Unfinished
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Basement:true
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Foundation Area:1392
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Building Area Total:4176
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Above Grade Finished Area:2784
Room Dimensions
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Living Area:2784
Location
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Directions:Highway 61 South, right on Lyon Avenue, located on right.
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Latitude:44.446875
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Longitude:-92.270347
The Property
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Parcel Number:R220063000
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Zoning Description:Residential-Multi-Family
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Property Type:Residential Income
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Property Subtype:Triplex
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Additional Parcels:false
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Lot Features:Some Trees
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Lot Size Area:0.17
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Lot Size Dimensions:99x77
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Lot Size Units:Acres
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Road Frontage Type:Highway
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Road Responsibility:Public Maintained Road
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Fencing:None
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Water Source:City Water/Connected
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (651) 380-9380
- Office phone:
- (952) 230-3101
Taxes
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Tax Year:2025
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Tax Annual Amount:4166
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Tax With Assessments:4166.0000
Heating & Cooling
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Heating:Forced Air
Utilities
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Electric:Circuit Breakers
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Sewer:City Sewer/Connected
Appliances
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Refrigerator:Three
Schools
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High School District:Lake City
The Community
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Subdivision Name:Lake City
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Association Amenities:None
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Assessment Pending:No
Parking
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Parking Features:Gravel
Extra Units
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# of Units Total:3
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/21/25
Apr 21, 2025
|
Coming Soon | NORTHSTAR | $349,900 |