$350,000

155 4th Ave SW Perham, MN 56573

Estimated payment $2,115/month

Total Views 4,996
5 Beds
3 Baths
2,412 Sq Ft
$145 Price per Sq Ft

About This Home

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 retention. The downtown location makes this property an easy rental option. Tenants can walk to local shops, restaurants, services, and employers. That central positioning helps reduce vacancy and keeps demand steady year-round. The sellers are related to the selling agent.

Listing Agent

Stephen Sweere

eXp Realty Brokerage Phone: 2182980771 Listed on: 12/15/2025

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,544

Year Built

  • Built in 1886

Lot Details

  • Lot Dimensions are 150 x 75

Parking

  • 4 Car Garage

Home Design

  • Triplex
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,412 Sq Ft Home
  • 2-Story Property
  • Basement
  • Block Basement Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Hot Water Heating System
  • Boiler Heating System

Community Details

  • 3 Units
  • A A Whites Add Subdivision

Listing and Financial Details

  • The owner pays for gas, heat, insurance, grounds care, repairs, sewer, snow removal, trash collection, water
  • Assessor Parcel Number 77000990686000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,544

Year Built

Built in 1886

Lot Details

0

Parking

4

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Garage Spaces: 4
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1886
  • Above Grade Finished Sq Ft: 2412
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Attribution Contact: 2182980771
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block
  • Living Area: 2412
  • Owner Pays: Gas, Heat, Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Trash Collection, Water
  • Basement YN: Yes
  • Total Rooms: 3

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Metal

Utilities

  • Heating: Boiler, Hot Water
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Perham-Dent
  • SchoolDistrictPhone: 2183464501

Lot Info

  • Lot Size: 150 x 75
  • Land Lease: No
  • Additional Parcels: No
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Frame
  • Units Total: 3

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 77000990686000
  • Tax Annual Amount: 3544
  • TaxWithAssessments: 3544

Multi Family

  • TenantPays: Cable TV, Electricity
  • FuelExpense: 900
  • Number Of Refrigerators: Three

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,544 $286,200 $16,400 $269,800
2024 $3,224 $270,100 $16,400 $253,700
2023 $3,186 $221,700 $12,300 $209,400
2022 $2,824 $318,600 $0 $0
2021 $2,874 $221,700 $12,300 $209,400
2020 $2,836 $177,200 $11,300 $165,900
2019 $2,742 $166,800 $11,300 $155,500
2018 $2,458 $166,800 $11,300 $155,500
2017 $2,254 $145,700 $11,300 $134,400
2016 $2,232 $125,600 $11,300 $114,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2025 12/15/25 For Sale $350,000 -- $145 / Sq Ft
Source: NorthstarMLS

Source: NorthstarMLS

MLS Number: 7000245

NorthstarMLS

APN: 77000990686000