1

Perham, MN Multifamily Home for Sale

Section Image
  • /9

    $334,900

    • 1 Bed
    • 1 Bath
    • 2,412 Sq Ft

    155 4th Ave SW, Perham, MN 56573

    Three-Unit Apartment Building for Sale in Downtown Perham. This three-unit apartment building in the heart of downtown Perham is a strong investment opportunity in a growing community with consistent rental demand. Each unit features its own private entrance, giving tenants added privacy and a true at-home feel. Dedicated off-street parking adds everyday convenience and increases long-term tenant

    Stephen Sweere eXp Realty

    155 4th Ave SW, Perham, MN 56573

Why Live in Perham

Perham, Minnesota, is a small city known for its blend of industry and lake recreation, embodying the state's "Land of 10,000 Lakes" nickname. With a population of just over 3,000, Perham is minutes away from boating, fishing, and swimming destinations. The city is home to KLN Family Brands, a major employer with facilities like Tuffy’s Pet Foods warehouse near downtown. Housing styles range from Cape Cods to New Traditional homes, with many properties featuring ranch-style and Craftsman designs. Waterfront homes along Little Pine Lake often include private docks. Downtown Perham offers a variety of dining options, including Gathering Grounds Coffee Cafe, Lakes Cafe, and Brew Ales + Eats, making it a popular spot for walkers. Recreational activities abound with parks like Arvig Park, which features sand volleyball courts, soccer fields, and a skate park, and Pioneer Village, known for its historic log cabins and annual Pioneer Fest. The Perham Lakeside Golf Club offers three nine-hole courses, while Paul Miller Park provides access to Little Pine Lake for fishing enthusiasts. The city hosts Turtle Fest in June, featuring turtle races, a street fair, and a community medallion hunt. Perham's public schools, including Prairie Wind Middle School and Perham High School, are highly rated, and private options like St. Paul’s Lutheran School are available. Located along U.S. Highway 10, Perham is about 65 miles from Fargo, North Dakota, where Hector International Airport is situated. The area experiences frigid winter temperatures averaging minus 3 degrees and receives just over 20 inches of snow annually.

Home Price Trends

Median Sale Price
$321,250
Median Single Family Sale Price
$339,000
Median 2 Bedroom Sale Price
$265,000
Median 1 Bedroom Sale Price
$149,900
Average Price Per Sq Ft
$186
Number of Homes for Sale
25
Last 12 months Home Sales
46
Months of Supply
6.50
Median List Price
$338,250
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-3%
How to Buy a Home How to Finance a Home How to Sell a Home