Investor alert! This cash-flowing triplex in the heart of town is a rare find, exceeding the 1% rule with room to grow! Unit 1 is a spacious 2-bed, 1-bath on the main floor, while Units 2 and 3 are 1-bed, 1-bath upstairs. Shared laundry in the basement adds convenience for tenants. Rents are below market, and with all utilities (except electric) included in rent, there’s an opportunity to boost income. Prime location near schools and shops ensures strong rental demand. Don’t miss this chance to add a high-performing asset to your portfolio!
Closed
$100,000
517 W Cavour Ave, Fergus Falls, MN 56537
4beds
3baths
3,140sqft
Triplex
Built in 1890
-- sqft lot
$101,600 Zestimate®
$32/sqft
$1,559 Estimated rent
Home value
$101,600
$70,000 - $147,000
$1,559/mo
Zestimate® history
Owner options
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$488/mo
Est. payment
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$488/mo
Est. payment
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Shared laundry
Zillow last checked:
Listing updated:
Listed by:
Lee Haecherl 612-616-7387,
Central MN Realty LLC,
Saige Haecherl 320-760-9914
Bought with:
Brandon Lambert
Keller Williams Realty Professionals
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6658472
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Forced Air
Appliances
- Laundry: Common Area
Features
- Basement: Owner Access,Concrete,Storage Space
Interior area
- Total structure area: 3,140
- Total interior livable area: 3,140 sqft
- Finished area above ground: 1,992
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Patio & porch: Deck
- Fencing: None
Lot
- Size: 7,100 sqft
- Dimensions: 50 x 142
Details
- Foundation area: 1148
- Parcel number: 71003990920000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Concrete
- Roof: Age Over 8 Years
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Fergus Falls
- Subdivision: Mclanes Add
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2025 | Sold | $100,000-13%$32/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6658472 Report a problem | ||
| 4/1/2025 | Pending sale | $114,900$37/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6658472 Report a problem | ||
| 3/12/2025 | Price change | $114,900-4.2%$37/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6658472 Report a problem | ||
| 2/12/2025 | Listed for sale | $119,900-14.3%$38/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6658472 Report a problem | ||
| 11/29/2023 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6386302 Report a problem | ||
| 6/14/2023 | Listed for sale | $139,900+47.3%$45/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6386302 Report a problem | ||
| 10/18/2021 | Sold | $95,000-9.5%$30/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6053904 Report a problem | ||
| 5/7/2021 | Listed for sale | $105,000+42.9%$33/sqft |
Source: MWMMLS #20-33581 Report a problem | ||
| 1/3/2018 | Sold | $73,500-7.5%$23/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6060382 Report a problem | ||
| 12/12/2017 | Pending sale | $79,500$25/sqft |
Source: Spangler Real Estate Partners #20-20100 Report a problem | ||
| 11/17/2017 | Price change | $79,500-6.4%$25/sqft |
Source: Spangler Real Estate Partners #20-20100 Report a problem | ||
| 8/8/2017 | Price change | $84,900-5.6%$27/sqft |
Source: Spangler Real Estate Partners #20-20100 Report a problem | ||
| 12/14/2016 | Listed for sale | $89,900$29/sqft |
Source: Spangler Real Estate Partners #20-18571 Report a problem | ||
| 11/13/2016 | Listing removed | $89,900$29/sqft |
Source: Spangler Real Estate Partners #20-16329 Report a problem | ||
| 11/17/2015 | Listed for sale | $89,900$29/sqft |
Source: Spangler Real Estate Partners #20-16329 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,548 +8.6% | $179,100 +3.8% |
| 2024 | $2,346 +27.8% | $172,500 +38.6% |
| 2023 | $1,836 +11% | $124,500 +37.6% |
| 2022 | $1,654 +30.4% | $90,500 |
| 2021 | $1,268 -1.2% | -- |
| 2020 | $1,284 +11.1% | $77,300 +4.7% |
| 2018 | $1,156 -18.9% | $73,800 +7.3% |
| 2017 | $1,426 +14.8% | $68,800 +0.7% |
| 2016 | $1,242 | $68,300 |
| 2015 | $1,242 -0.2% | -- |
| 2014 | $1,244 | $71,100 |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | $1,098 +1.7% | -- |
| 2010 | $1,080 | -- |
Find assessor info on the county website
Neighborhood: 56537
Nearby schools
GreatSchools rating
- NAMcKinley Elementary SchoolGrades: 1-3Distance: 0.4 mi
- 4/10iQ Academy 6-8Grades: 6-8Distance: 0.7 mi
- 4/10IQ Academy 9-12Grades: 9-12Distance: 0.7 mi
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$101,600
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$103,632
- Minnesota
- Otter Tail County
- Fergus Falls
- 56537
- 517 W Cavour Ave
Nearby cities
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