This triplex offers immediate cash flow with proven rental history. Currently generating $1,975 per month in gross rent, this property exceeds the 1% rule and is an excellent addition to any portfolio.
Active
Price cut: $5K (7/7)
$95,000
423 1st St NW, Cass Lake, MN 56633
5beds
3baths
3,024sqft
Triplex
Built in 1940
-- sqft lot
$-- Zestimate®
$31/sqft
$-- HOA
What's special
- 308 days |
- 199 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Mathew Vickaryous 218-892-9292,
Real Broker, LLC,
Team Cermak Real Estate Group 218-308-1519
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6786479
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Baseboard
Features
- Basement: Owner Access
Interior area
- Total structure area: 3,024
- Total interior livable area: 3,024 sqft
- Finished area above ground: 3,024
- Finished area below ground: 0
Property
Parking
- Parking features: On Street, Parking Lot
- Has uncovered spaces: Yes
- Details: Garage Dimensions (0), Garage Door Height (0), Garage Door Width (0)
Accessibility
- Accessibility features: None
Features
- Levels: More Than 2 Stories
Lot
- Size: 9,583 Square Feet
- Dimensions: 75.6 x 129.75.6 x 129
Details
- Foundation area: 1008
- Parcel number: 853441025
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Gas: Electric
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Location
- Region: Cass Lake
Financial & listing details
- Price per square foot: $31/sqft
- Tax assessed value: $75,600
- Annual tax amount: $1,264
- Date on market: 9/15/2025
- Tenant pays: Electricity, Fuel
Estimated market value
Not available
Estimated sales range
Not available
$1,303/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Price change | $95,000-5%$31/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6786479 Report a problem | ||
| 4/21/2026 | Price change | $100,000-13%$33/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6786479 Report a problem | ||
| 1/7/2026 | Price change | $115,000-4.2%$38/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6786479 Report a problem | ||
| 11/12/2025 | Price change | $120,000-4%$40/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6786479 Report a problem | ||
| 10/28/2025 | Price change | $125,000-3.8%$41/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6786479 Report a problem | ||
| 10/2/2025 | Price change | $130,000-3.7%$43/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6786479 Report a problem | ||
| 9/22/2025 | Price change | $135,000-6.9%$45/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6786479 Report a problem | ||
| 9/15/2025 | Listed for sale | $145,000+26.2%$48/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6786479 Report a problem | ||
| 9/23/2022 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6106252 Report a problem | ||
| 6/24/2022 | Price change | $114,900-4.2%$38/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6106252 Report a problem | ||
| 3/23/2022 | Price change | $119,900-4%$40/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6106252 Report a problem | ||
| 12/29/2021 | Price change | $124,900-3.8%$41/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6106252 Report a problem | ||
| 10/22/2021 | Price change | $129,900-7.1%$43/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6106252 Report a problem | ||
| 9/28/2021 | Listed for sale | $139,900$46/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6106252 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,264 +16.4% | $75,600 +26.2% |
| 2024 | $1,086 +15% | $59,900 |
| 2023 | $944 +13.2% | $59,900 +15% |
| 2022 | $834 +11.2% | $52,100 +11.1% |
| 2021 | $750 -8.1% | $46,900 +14.4% |
| 2020 | $816 +14.6% | $41,000 +17.1% |
| 2019 | $712 +1.1% | $35,000 |
| 2018 | $704 +13.9% | $35,000 |
| 2017 | $618 | $35,000 |
| 2016 | $618 | -- |
| 2015 | $618 -7.8% | -- |
| 2014 | $670 +46.9% | -- |
| 2013 | $456 | -- |
| 2012 | -- | -- |
| 2009 | $450 -11.8% | $21,400 -14.4% |
| 2008 | $510 | $25,000 |
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: 56633
Nearby schools
GreatSchools rating
- 6/10Cass Lake-Bena Elementary SchoolGrades: PK-4Distance: 0.4 mi
- 1/10Cass Lake-Bena Middle SchoolGrades: 5-8Distance: 1.6 mi
- 1/10Cass Lake-Bena SecondaryGrades: 9-12Distance: 1.5 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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