$45,000
- 1 Bed
- 1 Bath
- 1,052 Sq Ft
715 8th St E, Thief River Falls, MN 56701
Sarah Jacobson Hometown Realty
$45,000
715 8th St E, Thief River Falls, MN 56701
Sarah Jacobson Hometown Realty
$175,000
620 and 618 Main Ave N, Thief River Falls, MN 56701
Richard Johnson Reed Realty Thief River Falls
Thief River Falls is a small urban center in northwest Minnesota, known for its strong economy and early 20th-century homes. The Thief River runs through the community, eventually emptying into the Red Lake River. The area is a commercial hub within an expanse of farmland, offering manufacturing jobs and a popular downtown area. Downtown Thief River Falls is the community’s commercial heart, with local shops and restaurants clustered around Main Avenue and Third Street. Residents enjoy dining at The Piggy BBQ, The Schooner Bar and Grill, and Rivers and Rails Brewing. The area also has standalone restaurants and big box stores surrounding Highway 59. Recreational activities are abundant, with Bill LaFave Park being a popular spot for swimming and Greenwood Trails offering scenic walks along the riverbank. Winter recreation includes outdoor hockey rinks at Engelstad Park and Northrup Park, as well as snowmobiling trails. Annual events such as the Pennington County Fair and RiverFest provide entertainment and community engagement. Thief River Falls Public Schools serve local students, with Challenger Elementary, Franklin Middle, and Lincoln High all receiving high ratings. The community features a variety of home styles, including bungalows, national-style, ranch-style, and split-level homes, with prices ranging from $40,000 to $500,000. Residents typically drive within and around the community, with Grand Forks, South Dakota, located roughly 60 miles southwest, being the nearest major city. Thief River Falls Regional Airport offers daily commuter flights to Minneapolis.
On average, homes in Thief River Falls, MN sell after 25 days on the market compared to the national average of 70 days. The median sale price for homes in Thief River Falls, MN over the last 12 months is $210,500, down 17% from the median home sale price over the previous 12 months.
In Thief River Falls, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $45,000 to $175,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Thief River Falls is $293,000, while the average sale price is $205,500, offering insights into the local housing market. On average, multi-family homes spend 25 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Thief River Falls, MN.