1. Minnesota
2. Elk River
3. 732 Vernon Avenue NW

732 Vernon Avenue NW, Elk River, MN 55330

• 7 beds |
• 3 baths |
• 2,932 sqft

Property Description

Excellent Investment Opportunity in Elk River! Here’s a great chance for investors to secure a well-maintained, income-producing triplex in the heart of Elk River. Originally remodeled in 2019 with the intent of being used as a three-unit rental, the property has been kept in excellent condition and complies with the Elk River Interim Use Permit (IUP). In 2025, the seller completed several updates, including the 2 vacant units being professionally painted, walls, trim and doors, kitchens and bathrooms, and the addition of several new windows—enhancing both the look and function of the home. The 2019 updates included new siding, updated kitchen cabinetry in two units, new interior doors and flooring, and all-new appliances, which remain in good working order. All systems are currently functioning well with no known issues. Each of the three separate units features in-unit laundry, a full kitchen, bathroom, and designated dining and living areas. Unit 1 includes three bedrooms, Unit 2 is a one-bedroom, and Unit 3 (garden level) offers three bedrooms. Whether you're a seasoned investor or just starting out, this Elk River triplex offers strong rental income, updated finishes, and excellent tenant flexibility in a convenient and growing location. This is a limited opportunity—please reach out if interested. Agents: See agent remarks for further info.

Listing Status:

Active

Listing Office:

Real Broker, LLC : 651-370-9026

MLS ID:

6725640

Interior

• Master Bath: Full BasementMain Floor Full Bath
• Appliances: DryerGas Water HeaterRangeRefrigeratorWasher
• Dining: Eat In KitchenKitchen/Dining Room
• Basement: FinishedFull
• A/C: Central Air
• Heating: Forced Air
• Fireplace: Fireplaces: 0

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Real Broker, LLC