$549,900

6 Beds 3 Baths 3,300 Sqft

3485 Lester Avenue, Hastings, MN 55033

Property Type: Multi-Family
Building Type: FourPlex,2 Story
Time on Market: 8 days
Price per Sqft: $167
Lot Size: irregular
Garage: 5 Car
Total Taxes: $6,519
Est. Age: 21+ Years

Description

Incredible investment opportunity! This 4-plex features four 2 bedroom, 1 bath units with functional open layouts designed for comfortable living. Upper-level units offer private balconies, while tenants enjoy the convenience of on-site laundry, dedicated garage parking with one stall per unit, and additional off-street parking. A strong rental history with long-term tenants provides added confidence for investors seeking a proven income-producing property. Conveniently located near parks, shopping, restaurants, and major transportation routes, this property offers a desirable location that continues to attract and retain renters. Whether you're expanding your portfolio or purchasing your first multifamily property, this is an opportunity you won't want to miss.

Unit Breakdown

Unit Beds Full Baths Half Baths Sq Ft
Unit 1 2 1 0 740
Unit 2 2 1 0 740
Unit 3 2 1 0 769

Property Details

Interior

Basement:
  • None
Baths:
  • Full Baths: 3
Heating/Cooling:
  • Radiant
Heat Fuel:
  • Electric
Sqft:
  • Total Sqft: 3,300

Exterior

Acreage:
  • Range: 0.0 to .499
Exterior:
  • Brick/Stone
Garage:
  • Details: Detached
  • Spaces: 5.0
Lot:
  • Size: irregular
Roofing:
  • Other
Subdivision:
  • Powers Place
Water:
  • Waterfront: N
Water/Waste:
  • Municipal Water, Municipal Sewer

Misc.

New Construction:
  • N
Postal:
  • Code: 55033
Street:
  • Name: Lester Avenue
  • Suffix: AVENUE
Tax Year:
  • 2026
Utilities:
  • Details: Electricity,Electricity,Cable
Zoning:
  • Residential-Multi-Family

Map

Listing Agent-Provided Directions:
  • From US-61 S, turn right onto Cannon St, turn left onto 33rd St W, turn left onto Lester Ave

Monthly Payment Calculator

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Schools and Neighborhood

School District:
  • Hastings
Postal City:
  • Hastings
Municipality:
  • Name: HASTINGS
  • Type: City
County:
  • OUT OF STATE

Market Comparison

How this property compares to local market averages — calculated 8/6/2026

This Property
Hastings Multi Family Home Avg
Out Of State County Multi Family Home Avg
List Price
$549,900
$549,900
$567,400
Median Price
—
$549,900
$567,400
Price / Sq Ft
$167
$166
$162
Days on Market
8 days
8 days
39 days
Total Listings
—
1
2

Listing Information

  • Time on Market: 8 days
  • Place Perfect Last Updated: 2026-07-31 05:11:27
  • MLS Number: 7117247
  • Subsystem Locale: WIREX_WWRA
  • Listing Office: Edina Realty, Inc.
  • Listing Agent: Luke Steele

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