Active

$350,000

155 4th Ave SW, Perham, MN 56573

4beds

3baths

2,912sqft

Est.:

Multi Family

Built in 1886

-- sqft lot

$341,000 Zestimate^®

$120/sqft

$-- HOA

What's special

Dedicated off-street parking

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.

101 days

430

4

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Heating

Boiler, Hot Water

Features

Basement: Block

Interior area

Total structure area: 2,912
Total interior livable area: 2,912 sqft
Finished area above ground: 2,412
Finished area below ground: 0

Property

Parking

Total spaces: 4
Parking features: Garage
Garage spaces: 4
Details: Garage Dimensions (28 x 20)

Accessibility

Accessibility features: None

Features

Levels: Two

Lot

Size: 0.26 Acres
Dimensions: 150 x 75

Details

Foundation area: 1206
Parcel number: 77000990686000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame
Roof: Metal

Condition

New construction: No
Year built: 1886

Utilities & green energy

Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: A A Whites Add

Location

Region: Perham

Financial & listing details

Price per square foot: $120/sqft
Tax assessed value: $286,200
Annual tax amount: $3,544
Date on market: 12/15/2025
Tenant pays: Cable TV, Electricity

Estimated market value

$341,000

$324,000 - $358,000

$1,673/mo

Price history

Date	Event	Price
12/15/2025	Listed for sale	$350,000$120/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