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$200,000

7 Beds 4 Baths 4,733 SQFT 0.23 Acres
Type: Multi-Family

516 7th Avenue
International Falls, MN 56649

MLS#: 7160877
Sally Serie
Sally Serie
The Real Estate Advantage
REALTOR
Phone: 763.232.6235
Office: 952.401.8500
Presented by: eXp Realty

Property Description

 

Strong income-producing opportunity featuring a 4-unit multifamily building plus a separate 3-bedroom, 1.5-bath single-family home—all being sold together. With 4 of the 5 total units currently rented and vacant unit #1 undergoing renovations, this property offers immediate cash flow with additional upside upon completion. Originally a church with a pastor’s residence, the main building was converted into four rental units while still showcasing unique architectural character. The unfinished third level with vaulted ceilings provides excellent potential for additional unit(s), expanded living space, or increased rental income. The accompanying single-family home adds flexibility for owner-occupancy, additional rental revenue, or on-site management. Ideal for investors or house hackers looking to expand their portfolio with a versatile multi-unit property offering multiple income streams, value-add potential, and long-term growth. Owner is a licensed real estate agent in the state of Minnesota.


 

Interior Features

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area2,365 sqft
BasementBlock, Full
Basement (Y/N)Yes
Below Grade Finished Area2,368 sqft
FuelNatural Gas
Garage Square Feet720
Laundry FeaturesIn Basement, Gas Dryer Hookup, Lower Level, Sink, Washer Hookup

General

AccessibilityNone
Additional Parcels Y/NNo
CityInternational Falls
ContingencyNone
CountyKoochiching
DirectionsFrom downtown International Falls, head east on 3rd Street (US-71) for approximately 0.5 miles. Turn left (north) onto 7th Avenue and continue for about 0.2 miles. The property at 516 7th Ave will be
Electric Expense2515
Fuel Expense2515
Garage Spaces3
Gross Income38940
HeatingBoiler, Forced Air
High School DistrictInternational Falls
Insurance Expense3667
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area4,733 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total4
Operating Expense14356
PostalCityInternational Falls
Property SubtypeFourplex
Property TypeResidential Income
RoofAsphalt, Metal, Other, Pitched
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameInternational Falls
Tax Annual Amount$1,576
Tax Year2026
Trash Expense1628
Water Sewer Expense2452
Year Built1910
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total4,730 sqft
Foundation Area2,368 sqft
Lot Dimensions75x140
Lot Size Area0 sqft
Parking FeaturesAttached Garage, On-Street Parking Only, Parking Lot
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

$200,000

7 Beds 4 Baths 4,733 SQFT 0.23 Acres
Type: Multi-Family

516 7th Avenue
International Falls, MN 56649

MLS#: 7160877
Sally Serie
Sally Serie
The Real Estate Advantage
REALTOR
Phone: 763.232.6235
Office: 952.401.8500