Under $300K Investment Properties for Sale in Alexandria, MN
405- 3 Bed
- 2 Bath
- 1536 sft
10- 2 Bed
- 2 Bath
- 2100 sft
194- 1 Bed
- 1 Bath
- 527 sft
179- 3 Bed
- 2 Bath
- 2514 sft
Why Invest in Alexandria, Minnesota?
Investing in Alexandria, MN offers opportunities for properties under $300k, ideal for entry-level real estate investors. The local market boasts an average ROI of 8%, with a strong rental yield of 7%, supported by a cap rate of 6%. Average monthly rents are around $1,100, providing a steady cash flow for investors. Appreciation rates have been consistent at about 3%, while the renter-occupied rate hovers near 45%, reflecting healthy demand.
Frequently Asked Questions
Alexandria offers a variety of affordable single-family homes, small multi-family units, and condos under $300k that appeal to first-time investors and renters. These properties are typically in established neighborhoods with stable demand.
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