Date
Details
Price
Change
Source
12/15/2025
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$350,000
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Property Description
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.
Full Property Details
Full Property Details for 155 4th Ave SW
General
- Price: $350,000
- Taxes: $3,544 (2025)
- Status: Active
- Type: Multi-Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7000245
- Updated: 3/15/2026
- Added to Site: 98 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Garage Description: 28 x 20
- Garage Spaces: 4
Location
- County: Otter Tail
- Township: Perham
- Subdivision: A A Whites Add
- Driving Directions: From Main Street. Behind United Community Bank in Perham
School Information
- School District: 1955 - Perham-Dent
- High School District: Perham-Dent
Heating & Cooling
- Heating Type: Boiler, Hot Water
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Exterior Const.: Frame
- Basement: Yes
- Basement Desc.: Block
- Foundation Size: 1206
- Roof: Metal
- Disability Access: None
- Square Feet: 2,412
- Above Ground: 2,412 Sq. Ft.
- Below Ground: 500 Sq. Ft.
- Finished Down/Base.: 2,912 Sq. Ft.
- Year Built: 1886
Unit Information
- Units w/Refrigerators: 3
Lot Features
- Lot Size (Acres): 0.258
- Lot Dimensions: 150 x 75
- Frontage: City Street
Financial Considerations
- Operating Expenses: $3,500
- Tax Amount: $3,544
- Tax Year: 2025
- Terms: Conventional, VA, FHA, Cash, USDA
- Owner Pays: Gas, Heat, Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Trash Collection, Water
- Tenant Pays: Cable TV, Electricity
- Pays Cable: Tenant Pays
- Pays Electric: Tenant Pays
- Pays Gas: Owner Pays
- Pays Heat: Owner Pays
- Pays Trash: Owner Pays
- Pays Water: Owner Pays
Disclosures and Reports
- Legal Description: SECT-15 TWP-136 RANGE-039 A A WHITE'S ADDN W 75' OF LOTS 7, 8 & 9 BLK 1
- Property ID: 77000990686000
Listed by eXp Realty
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— 155 4th Ave SW —
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NMLS#: 1598647
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Schools
Schools serving 155 4th Ave SW
School District:Perham-Dent Public School District
| Name | Grades | Distance |
|---|---|---|
Heart Of The Lake Elementary School 810 2nd Avenue Southwest, Perham, MN 56573 | PK-4 | 0.6 mi |
Perham Senior High School 800 Coney Street West, Perham, MN 56573 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 155 4th Ave SW
Tax History
Tax History for 155 4th Ave SW
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,544
11%
$286,200
6%
2023
$3,186
—
$270,100
22%
2023
$3,186
13%
$221,700
25%
2022
$2,824
—
$177,200
3%
2020
$2,836
3%
$172,000
3%
2019
$2,742
12%
$166,800
14%
2018
$2,458
9%
$145,700
10%
2017
$2,254
1%
$132,100
5%
2016
$2,232
12%
$125,600
1%
2015
$1,988
5%
$123,800
4%
2014
$1,898
—
$119,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 155 4th Ave SW
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- Single Family
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- Single Family
- Active
- Updated 1 day ago
- 1Bed
- 1Total Bath
- 384Sq. Ft.
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- Active
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- Updated 1 day ago
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Listed by Coldwell Banker Preferred Partners
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- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,684Sq. Ft.
Listed and Sold by New Horizons Realty Of Perham
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,575Sq. Ft.
Listed by New Horizons Realty Of Perham
Sold by eXp Realty
Sold by eXp Realty
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,864Sq. Ft.
Listed and Sold by New Horizons Realty Of Perham
- Single Family
- Closed
- 2Beds
- 2Total Baths
- 1,680Sq. Ft.
Listed by Jack Chivers Realty
Sold by Central MN Realty LLC
Sold by Central MN Realty LLC
155 4th Avenue SW, Perham, MN 56573 (MLS# 7000245) is a Multi-Family property with 3 units containing 4 bedrooms and 0 full bathrooms. 155 4th Avenue SW is currently listed for $350,000 and was received on December 15, 2025. Want to learn more about 155 4th Avenue SW? Do you have questions about finding other Multi-Family real estate for sale in Perham? You can browse all Perham real estate or contact a Coldwell Banker agent to request more information.