415 7th Ave E Alexandria, MN 56308

This one-of-a-kind Italianate Victorian multifamily property is packed with potential and versatility! A rare opportunity for investors, group housing operators, or those seeking a hybrid owner-occupant setup. The layout includes a Shared Living Unit with a common area setup. It has 8 individual bedrooms, shared kitchen, living, laundry and bath areas—ideal for group housing, student housing, or short-term rental configuration (Unit 3). A private 3-bedroom apartment with sunroom, perfect for generating consistent rental income or owner-occupancy (Unit 1). A Main level, 1 bedroom with kitchen and full bath (Unit 2). From the ornate Victorian character and hardwood floors to clawfoot tubs and tall ceilings, the charm of this property is undeniable. This property blends historic details with multi-use functionality rarely found on the market. Outside features a nice yard with patio spaces, a 3-car detached garage, plus an attached garage—plenty of parking and storage for all tenants. Whether you’re looking to expand your investment portfolio or operate a unique housing model, this property is a rare gem that checks all the boxes.