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
Active
$334,900
155 4th Ave SW, Perham, MN 56573
1beds
1baths
2,412sqft
:
Get pre-qualified$2,158/mo
Triplex
Built in 1886
-- sqft lot
$331,000 Zestimate®
$139/sqft
$-- HOA
What's special
Dedicated off-street parking
- 7 days |
- 215 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Stephen Sweere 218-298-0771,
eXp Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7119012
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Heating
- Boiler, Hot Water
Features
- Basement: Block
Interior area
- Total structure area: 2,912
- Total interior livable area: 2,412 sqft
- Finished area above ground: 2,412
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Attached, Detached Garage
- Attached garage spaces: 4
- Details: Garage Dimensions (28x20)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Fencing: None
Lot
- Size: 0.26 Acres
- Dimensions: 150 x 75
- Features: Corner Lot
Details
- Foundation area: 1206
- Parcel number: 77000990686000
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Frame
Condition
- New construction: No
- Year built: 1886
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
HOA
- Amenities included: None
Location
- Region: Perham
Financial & listing details
- Price per square foot: $139/sqft
- Tax assessed value: $286,200
- Annual tax amount: $3,532
- Date on market: 7/31/2026
- Cumulative days on market: 171 days
Estimated market value
$331,000
$314,000 - $348,000
$1,944/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Listed for sale | $334,900-4.3%$139/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7119012 Report a problem | ||
| 6/1/2026 | Listing removed | $350,000$145/sqft |
Source: eXp Realty #7000245 Report a problem | ||
| 12/15/2025 | Listed for sale | $350,000$145/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7000245 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,340 +10.2% | $286,200 +6% |
| 2024 | $3,032 +1.3% | $270,100 +21.8% |
| 2023 | $2,994 +6% | $221,700 +28.4% |
| 2022 | $2,824 +4.4% | $172,600 |
| 2021 | $2,706 +1.4% | -- |
| 2020 | $2,668 +14.7% | $177,200 +6.2% |
| 2018 | $2,326 -15.2% | $166,800 +14.5% |
| 2017 | $2,742 +22.8% | $145,700 +16% |
| 2016 | $2,232 | $125,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 56573
Nearby schools
GreatSchools rating
- 7/10Heart Of The Lake Elementary SchoolGrades: PK-4Distance: 0.6 mi
- 6/10Prairie Wind Middle SchoolGrades: 5-8Distance: 0.7 mi
- 7/10Perham Senior High SchoolGrades: 9-12Distance: 0.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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