Investment property at it's finest! This triplex, located on a large corner lot in Barrett, offers the potential to have your mortgage payments greatly lessened, or even covered, by having a renter or two. The rental units are an attached duplex with up/down configuration, giving you the privacy of occupying one of the units yourself. Each unit has 2 bedrooms and 1 bathroom in it, giving the tenants ample room to move in each unit. There is also a detached, double garage for storing cars if the renters should chose to utilize this option. This home not only offers great potential for an investment property, but also could be converted into a 6 bedroom, 3 bathroom home with some finishing touches to be made. If you are looking for a home with plenty of room to grow, look no further. This home boasts an updated roof, vinyl siding, a tar driveway, as well as all of the appliances being included in the sale of the property! Don't miss out on your opportunity to invest in your future!
Claim this home to receive a free report every month with insights on the changing estimate.
Market trends in 56311, MN
Last updated September 2026
Sale-to-List Price
98.9%
0.0% MoM
Median sale price
$236K
$0 MoM
Avg. days on market
12d
0 days MoM
Recently sold homes
2
0 MoM
Provided by Redfin
Sale history for 702 3rd St
Date
Event
Price
NORTHSTARMLS as Distributed by MLS Grid #6370468
Jul 14, 2023
Sold
$220,000
Jun 12, 2023
Pending
—
Jun 5, 2023
Contingent
—
May 15, 2023
Listed
$220,000
NORTHSTARMLS as Distributed by MLS Grid #5521113
Dec 31, 2020
Listing Removed
—
Sep 2, 2020
Price Changed
$193,900
Jun 17, 2020
Price Changed
$198,000
Feb 26, 2020
Listed
$199,900
NORTHSTARMLS as Distributed by MLS Grid #5520938
Jun 8, 2019
Listed
$218,500
NORTHSTARMLS as Distributed by MLS Grid #5531207
Jul 19, 2012
Listing Removed
—
Nov 23, 2011
Listed
$169,900
NORTHSTARMLS as Distributed by MLS Grid #ALX10-8438
Nov 23, 2011
Listed
$169,900
NORTHSTARMLS as Distributed by MLS Grid #4104760
Nov 23, 2011
Listed
$169,900
NORTHSTARMLS as Distributed by MLS Grid #4042474
Nov 2, 2011
Listing Removed
—
May 2, 2011
Listed
$169,900
NORTHSTARMLS as Distributed by MLS Grid #ALX10-6835
May 2, 2011
Listed
$169,900
NORTHSTARMLS as Distributed by MLS Grid #5529414
May 26, 2010
Listed
$179,000
NORTHSTARMLS as Distributed by MLS Grid #ALX10-4297
May 26, 2010
Listed
$179,000
NORTHSTARMLS as Distributed by MLS Grid #ALX06-2677
Jul 3, 2006
Listed
$199,900
Year
Property tax
Land + Additions
Assessment*
2026
$3,544 (−10.1%)
$8,700 + $190,300
$199,000
2025
$3,944 (+31.0%)
$8,700 + $204,300
$213,000
2024
$3,010 (−5.6%)
2023
$3,190 (+12.2%)
2022
$2,842 (+1.9%)
2021
$2,788 (−2.2%)
2020
$2,852 (+3.5%)
2019
$2,756 (+16.8%)
2018
$2,360 (−10.1%)
2017
$2,626 (+4.9%)
2015
$2,504 (−12.0%)
2014
$2,844
Tax history for 702 3rd St
Year
Property tax
Land + Additions
Assessment*
2026
$3,544 (−10.1%)
$8,700 + $190,300
$199,000
2025
$3,944 (+31.0%)
$8,700 + $204,300
$213,000
2024
$3,010 (−5.6%)
2023
$3,190 (+12.2%)
2022
$2,842 (+1.9%)
2021
$2,788 (−2.2%)
2020
$2,852 (+3.5%)
2019
$2,756 (+16.8%)
2018
$2,360 (−10.1%)
2017
$2,626 (+4.9%)
2015
$2,504 (−12.0%)
2014
$2,844
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.4 Acres
Year renovated
—
Sq. Ft.
1,791
Year built
1976
Style
Single Family Residential
County
Grant County
APN
18-0141-000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 23, 2026.
Property details
Parking
Parking Information
Parking Features: Attached Garage, Detached
Garage Spaces: 4
Garage Sq. Ft.: 576
Carport Spaces: 0
Interior
Basement Information
Has Basement
Basement Features: Block, Full, Unfinished
Heating & Cooling
Heating Information: Baseboard
Exterior
Building Information
Construction Materials: Vinyl Siding
Foundation Area: 2,580
Roof: Asphalt
Waterfront Information
Water Body Name: Franklin Lake (56075900)
Waterfront Num: 56075900
Lake Acres: 1,087
Lake Classification: Recreational Development
Lake Depth: 48
Property Information
Above Ground Total Sq. Ft.: 1,344
Below Ground Total Sq. Ft.: 768
FractionalOwnershipYN: No
Owner Occupied: Yes
Property Type: Residential Income
Property Sub Type: Triplex
Above Grade Finished Area: 2,313
Lot Information
Lot Features: Corner Lot
Lot Size Area: 0.4
Lot Size Units: Acres
Lot Size Dimensions: 150 135 150 135
Road Frontage Type: City Street, Curbs, Paved Streets
Financial
Tax Information
Tax Annual Amount: $2,842
Tax Year: 2022
Tax With Assessments: $2,842
Lease / Rent Details
RentalLicense Y/N: No
Tenant Pays: Electricity
Utilities
Utility Information
Water Source: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Electric
Location
Multi-Family Financial Information
Owner Pays: Grounds Care, Snow Removal, Trash Collection
Multi-Unit Information
# of Units (Total): 3
Unit Type 1 Information
Sq. Ft.: 682
# of Rooms Total: 5
# of Bedrooms: 2
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Dryer, Microwave, Range
Amenities: Ceiling Fan(s)
# of Units: 1
Unit Type 2 Information
Sq. Ft.: 682
# of Rooms Total: 5
# of Bedrooms: 2
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range
Amenities: Ceiling Fan(s)
# of Units: 1
Unit Type 3 Information
Sq. Ft.: 682
# of Rooms Total: 5
# of Bedrooms: 2
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range
Amenities: Ceiling Fan(s)
# of Units: 1
HOA Information
Association Amenities: Coin-op Laundry Owned
School Information
High School District: West Central Area
School District Number: 2342
School District Phone: 320-528-2650
Location Information
Directions: From Alexandria, follow 3rd Ave W 3.8, then left onto CR-8. Continue straight at roundabout. Continue for 13 miles. Turn left onto CR-5 at the T. in .3 miles, turn right onto CR-2. In 4.8 miles, turn left onto Second St. in .2 miles, turn right onto Grant Ave, then left on 3rd. Destination on right.
Map Coordinate: 999-A1
Public facts
Beds: —
Baths: —
Sq. Ft.: 1,791
Stories: —
Lot Size: 0.4 acres
Style: Single Family Residential
Year Built: 1976
Year Renovated: —
County: Grant County
APN: 18-0141-000
Home facts updated by county records on Jul 23, 2026
Other
Home Information
Living Area: 2313
Main Level Finished Area: 1344.0000
Building Area Total: 2112
Age Of Property: 49
Levels: One
Around this home
Schools
WCA Middle School
Public 5-8 • Assigned • 0.3mi
5/10
West Central Area Secondary School
Public 9-12 • Assigned • 0.3mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.77% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 98° expected this year, 13 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Barrett, MN • 56311
Average low and high temperatures (°F)
18
2
24
9
44
25
53
35
69
49
76
59
82
66
76
62
74
57
62
45
41
28
26
11
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.2 hours in
June and 3.6 hours in December, which is comparable to the
U.S. average for solar exposure.
10.2 hrs
3.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$249,000 – $301,000
Sell confidently with a local market expert in Barrett. 3 minutes to get started.