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$310,000

4 Beds 5 Baths 3,220 SQFT 0.12 Acres
Type: Commercial

923 Beltrami Avenue NW
Bemidji, MN 56601

MLS#: 7070991
Jake Edel
Jake Edel
The Real Estate Advantage
Real Estate Professional
Phone: 507.321.0450
Office: 952.898.5800
Presented by: Headwaters Realty Services LLC

Property Description

 

Easy to rent units!! Rare one bedroom units! Opportunity to own a charming vintage 5-plex in one of Bemidji’s quiet residential neighborhoods—just a short walk to Bemidji State University and minutes from Downtown, shopping, parks, and the lake. This well-loved property blends classic character with solid rental performance, making it an ideal addition to any investment portfolio. The building features four 1-bedroom units and one efficiency, each with its own unique charm. Most units offer high ceilings, hardwood floors, and the warm character only a vintage property can provide. Every unit includes a stove and refrigerator, and the property is currently licensed for 5 units. Operating costs are simplified with the landlord covering heat, water, sewer, garbage, and common-area electric, while tenants pay for their own electricity in 2 of the units and the others pay their own. The roof has been completely replaced, offering peace of mind for years to come. Located on a quiet residential street, this property attracts long-term tenants who appreciate the walkability, convenience, and neighborhood feel. A solid, dependable investment with timeless appeal. Properties like this are rarely available. Two units are pictured. Each unit is a little different. 30+ hour notice to show. Seller supplies internet to tenants too.


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths5

Other Interior Features

BasementPartial, Partially Finished
Basement (Y/N)Yes
Ceiling Height8-10
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
AppliancesRange, Refrigerator
Carport Spaces0
CityBemidji
ContingencyNone
CoolingNone
CountyBeltrami
Current UseResidential
DirectionsBemidji Ave to 10th and then to Beltrami Ave. On the corner of 10 and Beltrami.
Electric Expense709
Fuel Expense2196
Garage Spaces0
Gross Income43200
HeatingBoiler
High School DistrictBemidji
Insurance Expense4380
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
Net Operating Income38856
New ConstructionNo
Number Of Units Total5
Operating Expense14928
OwnerPaysFuel, Gas, Heat, Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Water
PostalCityBemidji
Property TypeCommercial Sale
RoofAge 8 Years or Less
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameFirst Add
Tax Annual Amount$5,176
Tax Year2026
Tenant PaysElectricity
TopographyLevel
UtilitiesElectric Common, Electric Separate, Heating Common
Water Sewer Expense1440
Year Built1910
Zoning DescriptionResidential-Multi-Family, Residential-Single Family

Exterior

Building Area Total3,220 sqft
FencingNone
Foundation Area1,360 sqft
InclusionsOther
Lot Dimensions37x140
Lot FeaturesCorner Lot, Tree Coverage - Light
Lot Size Area0 sqft
Parking FeaturesGravel
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$310,000

4 Beds 5 Baths 3,220 SQFT 0.12 Acres
Type: Commercial

923 Beltrami Avenue NW
Bemidji, MN 56601

MLS#: 7070991
Jake Edel
Jake Edel
The Real Estate Advantage
Real Estate Professional
Phone: 507.321.0450
Office: 952.898.5800