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151 3rd Ave, Foley, MN, 56329

3beds
2baths
1,872sqft
$195,000
$104price/sqft
$1,510/moest. monthly cost
$60,400/yrincome needed

About This Home

Income-producing up/down duplex in Foley, MN- offering strong cash flow. Excellent opportunity for both investors and owner-occupants seeking rental income and long-term value. This multi-family property features a 2 bed/1 bath main level unit and a 1 bed/1 bath upper unit, generating $2,050/month in rental income with leases in place through Fall 2026. The upper-level unit has been recently updated (2024–2025) with new flooring, fixtures, and kitchen improvements, while the main-level unit offers additional updates and future value-add potential. See supplements for more details. Includes a detached 2-stall garage and separately metered utilities. Access to laundry from the main level unit. Tenants pay gas, electric, lawn care, and snow removal, helping keep expenses low. Ideal for investors seeking a cash-flowing rental property or for owner-occupants looking to house-hack and offset their mortgage.

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
52
BikeBikeable

Schools

9/10
Foley Elementary SchoolGrades PK-30.5 mi
6/10
Foley Senior High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 1903

Materials

  • Roof: Asphalt

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex Up and Down

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Concrete,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,465

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 1,872
  • Total interior livable area: 1,872 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 130012200
  • Foundation area: 1

Features

  • Levels: One and One Half

Lot

  • Lot size: 3,615 sqft
  • Lot size dimensions: 30 x 120

Parking

  • Total spaces: 2
  • Parking features: Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2