MLS# 6725640 - 732 Vernon Avenue NW Elk River, MN 55330
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.
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Mortgage & Tax Calculator [Estimated]
Purchase Price ($):
Down Payment ($):
Down Payment (%):
Est. Best Interest Rate (%):
Term of Loan (Years):
Monthly Payment:
$3,194 + $532(tax)
Est. Monthly Total: $3,725
*does not include insurance and all numbers are estimated.
Summary
Type: RES | Residential - Single Family Residence
Price: $674,900
$230/sf
$899,867/acre
Transaction: For Sale
Status: Active • Sun Jun 01 2025
Contingencies: None
Agent Owned: No
Lender Owned: No
Manufactured Home: No
Zoning: Residential-Single Family
Bedrooms: 7
Bathrooms: 3
Square Footage: 2,932 sq ft
Lot Size: 0.75 acres
Year Built: 1990
Foundation: 2,084 sq ft
Garage: Yes
Stories: One
New Construction: No
Listed at: Tue May 27 2025 5:00:00 AM
Listing Age: 30 days
School District: 728-Elk River | 763-241-3400
County: Sherburne
Rooms
Bathrooms
Full Baths: 3
More Room Details
Dining: Eat In Kitchen, Kitchen/Dining Room
Bath Details: Full Basement, Main Floor Full Bath
Home Details
In Home Details
Sq Ft Above Ground: 2,132 sq ft
Sq Ft Below Ground: 800 sq ft
Appliances: Dryer, Gas Water Heater, Range, Refrigerator, Washer
Basement: Finished, Full
Construction Material: Vinyl Siding
Electric: 100 Amp Service
Additional Details: Ceiling Fan(s)
Exterior
Siding: Vinyl Siding
Utilites
Water: City Water/Connected
Sewer: City Sewer/Connected
Cooling: Central Air
Heating: Forced Air, Natural Gas
Property Details
Description: Many Trees
Frontage: City Street, Paved Streets
Garage: 2 spaces, Attached Garage, Asphalt, Garage Door Opener
Amentities Unit: Ceiling Fan(s)
Agent Owned: No
Others
School Information
District Number: 728-Elk River
District Phone: 763-241-3400
Financial Considerations
Tax Property ID: 754020215
Tax Amount: $6,380 for 2025
Listing Data
Listed Price: $674,900
Days on market: 21 days
First Listed at: Tue May 27 2025 5:00:00 AM
Last Updated at: Mon Jun 23 2025 3:47:04 PM
Contingencies: None
Assessments: No
Foreclosure: No
Lender Owned: No
Special Notes
Present Use: Yearly

Real Broker, LLC is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Marvin Strong is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Marvin Strong, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at Jun 26 2025 6:30AM.

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.

Real Broker, LLC is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Marvin Strong is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Marvin Strong, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at Jun 26 2025 6:30AM.