Property Listing
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!
Property Information
Status: Active
Sub Type: ********
List Price: $454,900
MLS#: 6727165
Current Price: $454,900
Address: 114 Main Street NW, Bethel, MN 55005
City: Bethel
State: MN
Postal Code: 55005
Geo Lat: 45.40347
Geo Lon: -93.267409
Subdivision: Bethel
County: Anoka
Property Description
Year Built: 1945
Lot Size SqFt: 10454.4
Gen Tax: 4404.54
Specials Inst: 48.04
High School: ********
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 3152
Style: Array
Total Bedrooms: 7
Total Bathrooms: 3
Total Full Baths:
Garage Type:
Garage Stalls: 3
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: