# 501 W 3rd Street, Monticello, MN 55362

> **TL;DR:** 5bd/0ba other, $417,000 ($140/sqft), built 1956, 2,977 sqft. Est. $1,807/mo. Listed 5 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $417,000 |
| Price/sqft | $140 |
| Bedrooms | 5 |
| Square Feet | 2,977 |
| Year Built | 1956 |
| Lot Size | 21,824 sqft (0.50 acres) |
| Property Type | Other (Other) |
| Status | For Sale |
| Days on Market | 5 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,807 |
| **Total** | **$1,807** |

## Property Highlights

- Built in 1956
- 0.50 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 501 W 3rd Street, Monticello, MN 55362
- **County:** Wright-MN
- **Neighborhood:** Lower Monticello
- **Coordinates:** 45.302739, -93.788109
- **Google Maps:** https://www.google.com/maps?q=45.302739,-93.788109

## Listing Agent

- **Name:** Marci Segner
- **Brokerage:** RE/MAX Advantage Plus
- **Phone:** 3202661084
- **Email:** msegner@remax.net

## Primary Photo

![501 W 3rd Street - Primary Photo](http://lh.rdcpix.com/c8d37ed71bf8de008da4a0fbd0dd1891l-f150767645r.jpg)

*32 total photos available on [listing page](https://www.propertysimple.com/listing/501-w-3rd-street-monticello-mn-55362-7083432)*

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**MLS#:** 7083432 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/501-w-3rd-street-monticello-mn-55362-7083432)

---

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