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Active NEW!
$209,900
/mo Edit
Multi-family:  Triplex
Built 1900
3,308 sqft • 0.09 acres
Bemidji schools
MLS# 6770822
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    Property Description

    Nestled in a prime corner location directly across from Library Park and just steps from Lake Bemidji, this charming multi-family triplex (built aroundĀ 1900) offers timeless character with original hardwood floors, classic design touches, and bright sun-kissed rooms throughout. Comprised of three units, the upper-level apartment offering spectacular city and lake views, the main-floor unit is large and spacious, and the lower-level unit, this property presents both architectural charm and versatile income potential. You’re within walking distance of downtown shops, delightful lakeside activities, and convenient access to Bemidji State University, perfect for both resident appeal and reliable demand. Historically, the property has enjoyed excellent occupancy, evidence of its desirability in the Bemidji rental market. Currently, there is one vacant unit that should be filled soon. This turnkey opportunity ensures that rental income is just around the corner.

    Listing

    Contingency: None
    Price per sq ft: $63
    City: Bemidji
    County: Beltrami
    State: MN
    Property Style: Triplex
    Zip Code: 56601
    Subdivision Name: Bemidji

    Interior

    Living Area: 3,308 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details:
    • Block
    • Concrete
    • Partial
    • Partially Finished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Garage Dimensions: 0
    Foundation Size: 1,024 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: On-Street Parking Only
    Road Frontage: City Street
    Exterior Material: Steel Siding
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.09
    Geolocation: 47.473876, -94.879354
    Lot Dimensions: 63 x 60 x 63 x 60
    Zoning: Residential-Multi-Family
    Lot Description: Corner Lot

    Schools

    School District: 31
    District Phone: 218-333-3100

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $1,200
    Annual Insurance Expense: $2,922
    Annual Maintenance Expense: $2,000
    Annual Gross Expense: $12,482
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $1,740
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,110
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,110

    Income

    Annual Gross Income: $31,639
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.