Duplex with Separate
For Sale
$149,900
822 W Maple Avenue, Fergus Falls, MN 56537
Residential Income, Fergus Falls, MN
Property Size1,447 SF
Lot Size0.22 Acres
Price / SF$103.59
Days on Market263
Property Features for 822 W Maple Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bathroom 1, Bedroom 1, Laundry Room, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 4
Parking features
Driveway, Garage - Detached
Subdivision
Wheeler & Rawsons 3rd Add
High school district
Fergus Falls
Directions
Head W onto Lincoln Ave and turn N onto 1st Ave. Then turn W onto Maple Ave to the property.
Standard status
Active
APN
71003991370000
Size
1,447 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1998
Utilities
Heating system
Forced Air
Building Details
Year built
1928
Building materials
Frame
Roof type
Shingle
Listing Agency:
Keller Williams Realty Professionals
(218) 454-4300
Listed By:
Ryan Hanson · License #1104
(218) 205-7351
Added: Jan 15
Changed: Sep 30
Last Checked: Oct 5 at 1:06PM
MLS# 7008996
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This frame duplex contains two apartments: a three-bedroom unit on the main and upper levels and a separate two-bedroom apartment below. The 1,447-square-foot property was built in 1928 and has a shingle roof, forced-air heat, and vinyl siding. A detached garage and driveway provide on-site parking.
The property occupies a 0.22-acre parcel at 822 W Maple Avenue in Fergus Falls, Minnesota.
The property occupies a 0.22-acre parcel at 822 W Maple Avenue in Fergus Falls, Minnesota.
Key Highlights
- Two apartments: three‑bedroom upper unit and separate two‑bedroom lower unit
- 1,447 square feet on a 0.22‑acre parcel
- Built in 1928; frame construction with shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,124
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,480
$242.5K
Cap Rate 7%
$173,200
$173.2K
Cap Rate 9%
$134,711
$134.7K
Market Conditions
NOI Build-Up for 1,447 SF
Gross rent
$18.2K $12.60/SF
− Vacancy
−$912 −$0.63/SF
EGI
$17.3K $11.97/SF
− OpEx
−$5.2K −$3.59/SF
NOI
$12.1K $8.38/SF
Area
Otter Tail County, MN
Vacancy
5.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,480
Cap Rate 7%
$173,200
Cap Rate 9%
$134,711
Alternative Uses
Best Use
Multifamily LT 5
$173.2K
$151.6K – $202.1K
NOI $12,124 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$160.3K
$140.2K – $187.0K
NOI $11,218 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$314.3K
$275.1K – $366.7K
NOI $22,004 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 56537, MN
19,230
Population
9,498
Households
2
Avg Household Size
44
Median Age
30%
College-Educated
96%
High-School Grad
283.4 sq mi
ZIP Area
68
Density / Sq Mi
$62,279
Median Household Income
$40,272
Median Earnings
$840
Median Rent
$223,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide a three-bedroom upper apartment and a two-bedroom lower apartment.
Where is this duplex located?
The property is located at 822 W Maple Avenue Fergus Falls, MN.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two apartments: three‑bedroom upper unit and separate two‑bedroom lower unit; 1,447 square feet on a 0.22‑acre parcel; Built in 1928; frame construction with shingle roof
