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$115,000

  • For Sale
  • Active
  • Triplex
  • 5 Beds
  • 3 Total Baths
  • 3,024 Sq. Ft.
  • Updated 11 days ago
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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.

Full Property Details for 423 1st St NW

General

  • Price: $115,000
  • Taxes: $1,264 (2025)
  • Status: Active
  • Type: Triplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6786479
  • Updated: 1/6/2026
  • Added to Site: 125 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Parking

  • Parking Features: On-Street Parking Only, Parking Lot

Location

  • County: Cass
  • Township: Cass Lake
  • Driving Directions: South on HWY 371 from US HWY 2. Take a left onto 1st St NW and the triplex will be on your left.

School Information

  • School District: 703 - Cass Lake-Bena Schools
  • High School District: Cass Lake-Bena Schools

Heating & Cooling

  • Heating Type: Baseboard
  • Heating Fuel: Electric

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement Desc.: Owner Access
  • Foundation Size: 1008
  • Disability Access: None
  • Square Feet: 3,024
  • Above Ground: 3,024 Sq. Ft.
  • Year Built: 1940

Lot Features

  • Lot Size (Acres): 0.22
  • Lot Dimensions: 75.6 x 129.75.6 x 129
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $3,200
  • Tax Amount: $1,264
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Tenant Pays: Electricity, Fuel
  • Pays Electric: Tenant Pays

Disclosures and Reports

  • Legal Description: LOTS 12 THRU 14 BLK 10
  • Property ID: 853441025

Listed by Real Broker, LLC

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Listing agents

— 423 1st St NW —

  • Real Broker, LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

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NMLS#: 1598647

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with our affiliated in-house agency

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 423 1st St NW

School District:Cass Lake-Bena Public Schools
NameGradesDistance
Cass Lake-Bena Elementary School
15 4th Street Northwest, Cass Lake, MN 56633
PK-40.4 mi
Cass Lake-Bena Middle School
15314 State 371 Nw, Cass Lake, MN 56633
5-81.5 mi
Cass Lake-Bena Secondary
15308 State 371 Nw, Cass Lake, MN 56633
9-121.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 423 1st St NW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/06/2026
Price Reduced
$115,000
-4.17%
MLS
11/12/2025
Price Reduced
$120,000
-4%
MLS
10/28/2025
Price Reduced
$125,000
-3.85%
MLS
10/02/2025
Price Reduced
$130,000
-3.7%
MLS
9/22/2025
Price Reduced
$135,000
-6.9%
MLS
9/10/2025
Listed
$145,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 423 1st St NW

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,330
15%
$75,600
26%
2024
$1,152
41%
$59,900
28%
2021
$816
-19%
$46,900
-10%
2023
$1,010
24%
$52,100
27%
2021
$816
15%
$41,000
17%
2019
$712
1%
$35,000
—
2018
$704
14%
$35,000
—
2015
$618
—
$35,000
100%
2015
$618
—
-100%
2015
$618
—
$32,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Real Broker, LLC

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423 1st Street NW, Cass Lake, MN 56633 (MLS# 6786479) is a Triplex property with 5 bedrooms and 0 full bathrooms. 423 1st Street NW is currently listed for $115,000 and was received on September 15, 2025. Want to learn more about 423 1st Street NW? Do you have questions about finding other Triplex real estate for sale in Cass Lake? You can browse all Cass Lake real estate or contact a Coldwell Banker agent to request more information.

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