Exceptional investment opportunity in Thief River Falls! This triplex is located in a great neighborhood and offers outstanding cash flow potential. Whether you're looking to expand your portfolio or purchase your first income-producing property, this is a fantastic opportunity to invest in a quality multifamily property with long-term value.
Active
$118,000
623 Horace Ave N, Thief River Falls, MN 56701
5beds
3baths
1,691sqft
Triplex
Built in 1910
-- sqft lot
$-- Zestimate®
$70/sqft
$-- HOA
What's special
- 6 days |
- 243 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Joshua Kofstad 218-242-0606,
USA Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7123798
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air
Features
- Basement: Finished
Interior area
- Total structure area: 2,191
- Total interior livable area: 1,691 sqft
- Finished area above ground: 1,691
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
- Details: Garage Dimensions (18x18)
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
Lot
- Size: 6,969 Square Feet
- Dimensions: 50 x 140
Details
- Foundation area: 1147
- Parcel number: 2501506200
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Highland Add
Location
- Region: Thief River Falls
Financial & listing details
- Price per square foot: $70/sqft
- Tax assessed value: $132,500
- Annual tax amount: $2,714
- Date on market: 8/10/2026
- Tenant pays: All Utilities
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Listed for sale | $118,000$70/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7123798 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,634 +7.1% | $132,500 +1.4% |
| 2024 | $2,460 +4.3% | $130,700 +8.2% |
| 2023 | $2,358 -1.1% | $120,800 +15% |
| 2022 | $2,384 +6.8% | $105,000 |
| 2021 | $2,232 +7.2% | $105,000 +11.5% |
| 2020 | $2,082 +7.5% | $94,200 |
| 2018 | $1,936 +7% | $94,200 +4.7% |
| 2017 | $1,810 +9.2% | $90,000 +4.2% |
| 2016 | $1,658 +62.5% | $86,400 +75.3% |
| 2014 | $1,020 -3.4% | $49,300 +4.2% |
| 2013 | $1,056 +3.1% | $47,300 +9% |
| 2012 | $1,024 +18.2% | $43,400 +2.4% |
| 2010 | $866 -1.8% | $42,400 +1.9% |
| 2009 | $882 | $41,600 |
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: 56701
Nearby schools
GreatSchools rating
- 5/10Challenger Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 5/10Franklin Middle SchoolGrades: 6-8Distance: 1 mi
- 5/10Lincoln Senior High SchoolGrades: 9-12Distance: 0.5 mi
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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