Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Craftsman-Style Fourplex Investment Opportunity Title is generated by Realmo AI

    1601 W 4th Ave, International Falls, MN 56649

    View on Map
    Claim this Listing
    New
    For Sale
    $300,000

    Fourplex - International Falls, MN

    Property size:
    5,859 SF
    Price / SF:
    $51/SF
    Added:
    May 5, 2026
    Days on Market:
    6
    Last Refresh:
    May 10 at 12:06 pm

    Property Features for 1601 W 4th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Res
    Rooms
    Basement
    Parking
    5
    Patio and Porch features
    Patio, Deck
    Exterior features
    Balcony, Deck, Patio
    Basement Y/N
    1
    Standard status
    Active
    APN
    92-129-06230
    Size
    5,859 SF

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas
    Cooling system
    Ceiling Fan(s), Ductless

    Building Details

    Year built
    1920
    Number of units
    4
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Andrea Zupancich

    Listing agent Andrea Zupancich

    Listing office z' Up North Realty 33 Central Blvd, Babbitt, MN

    Listing date May 5, 2026

    MLS# 148440 Listing URL

    Copyright © 2026 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Strong investment potential with a solid rental history as a 4‑plex.
    • Meticulously maintained Craftsman‑style building with four distinct apartments.
    • Features traditional details such as built‑ins, custom cabinetry, tin ceilings, butcher block counters, and hardwood floors.
    • Each unit has a private entrance and is in move‑in‑ready condition.
    • Includes income from a coin‑op laundry and extra tenant storage.
    • Offers flexibility to continue as a multi‑unit investment or restore to a single‑family residence.

    Overview

    This Craftsman-style fourplex presents an investment opportunity with preserved elegance. The property features four apartments, ranging from a 1-bedroom, 1-bathroom unit to a 3-bedroom, 2-bathroom unit, all demonstrating a solid rental history. The home showcases traditional details such as built-ins, custom cabinetry, tin ceilings, butcher block counters, hardwood floors, intricate moldings, and enclosed porches. Each unit has a private entrance and unique touches. The property offers the potential to continue as a multi-unit investment or be restored as a single-family residence. Additional features include income from a coin-operated laundry, extra tenant storage, a lower-level recreation room, and an owner's garage. The property size is 5859 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    International Falls
    County
    Koochiching
    State
    Minnesota
    Longitude
    -93.393088
    Latitude
    48.588991

    Nearby Similar for Sale

    • $450,000

      Flexible Commercial Space Opportunity

      Large commercial space in International Falls, ideal for reimagining.
      1319 3rd Street, International Falls, MN 56649
      View Details
    • $200,000

      Multifamily and Single-Family Investment Opportunity

      Income-producing multifamily building plus a separate single-family home.
      516 7th Avenue, International Falls, MN 56649
      View Details
    • $129,000

      Mixed-Use Building in Downtown

      Downtown commercial building with retail space and rental apartments.
      426 3rd Street, International Falls, MN 56649
      View Details
    • $179,900

      Turn-key Mixed-Use Investment Property

      Fully rented mixed-use property with commercial space and residential apartments.
      405/407 4th Street, International Falls, MN 56649
      View Details
    • $150,000

      Commercial Building in Prime Location

      2820 sq ft commercial building in a high-traffic location.
      615 3rd Avenue, International Falls, MN 56649
      View Details
    • $180,000

      Commercial Building in Prime Location

      3113 sq ft commercial building in high-demand location.
      619 3rd Avenue, International Falls, MN 56649
      View Details
    • $589,000
      7,720 SF

      Turnkey Motel on Highway 53

      Established 21-room motel with living quarters for sale.
      2101 Second W Avenue, International Falls, MN 56649
      View Details
    • $984,375
      9,000 SF

      Retail Investment Opportunity in Minnesota

      Retail property with a long-term Dollar Tree lease.
      1905 Valley Pine Cir, International Falls, MN 56649
      View Details
    • $279,000
      2,080 SF

      Retail Building on Highway 53

      Commercial building with retail space and adjoining lot for sale.
      1732 2nd Avenue, International Falls, MN 56649
      View Details
    • $375,000

      Profitable Hobby Store with Apartments

      Established hobby store with income-generating apartments in downtown International Falls.
      327 3rd Street, International Falls, MN 56649
      View Details
    • $675,000
      9,359 SF

      Voyageur Motel: Turnkey Hospitality Investment

      Established 25-room motel with seller financing in International Falls, MN.
      1210 3rd St, International Falls, MN 56649
      View Details

    FAQs

    What type of property is this?
    Quadplex - Meticulously maintained fourplex with strong rental history and unique character.
    Where is this quadplex located?
    The property is located at 1601 W 4th Ave International Falls, MN.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Strong investment potential with a solid rental history as a 4‑plex.; Meticulously maintained Craftsman‑style building with four distinct apartments.; Features traditional details such as built‑ins, custom cabinetry, tin ceilings, butcher block counters, and hardwood floors.
    (218) 827-2288
    We can help!
    Listing Contact
    Andrea Zupancich
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1601 W 4th Ave, International Falls, MN 56649
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!