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Vintage 5-Plex with Mixed Units
For Sale
$329,900

923 Beltrami Ave Nw, Bemidji, MN 56601

Vintage 5-plex with four 1-bedroom units and one efficiency, each with stove and refrigerator.

Days on Market85

Property Features for 923 Beltrami Ave Nw

General Information

Standard status Active

Additional Details

Multifamily Units 5

Building Details

Tenancy Multi
Listing Agency: Headwaters Realty Services LLC
Listed By: Bernadette Aguilera
Source: Exprealty
Added: May 9 Changed: Jul 22 Last Checked: Jul 31 at 11:32AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Headwaters Realty Services LLC

Investment Insights

Based on property information with market context.

This vintage 5-plex includes four 1-bedroom units and one efficiency. Each unit is equipped with a stove and refrigerator, and the property is currently licensed for 5 units. The building has classic character, and many units feature high ceilings and hardwood floors. The roof has been completely replaced.

Located on a quiet residential street in Bemidji, the property is a short walk to Bemidji State University and minutes from Downtown, shopping, parks, and the lake.

Operating expenses are structured so the landlord covers heat, water, sewer, garbage, and common-area electric, while tenants pay their own electricity. A 30+ hour notice is required to show the property.

Key Highlights

  • Vintage 5‑plex licensed for 5 units: four 1‑bedroom units and one efficiency
  • Each unit includes a stove and refrigerator
  • Landlord pays heat, water, sewer, garbage, and common‑area electric; tenants pay electricity

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Grocery & Convenience Store Dental Office (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

907
Businesses Nearby

Demographics for 56601, MN

34,647
Population
16,104
Households
2.2
Avg Household Size
36
Median Age
38%
College-Educated
95%
High-School Grad
371.1 sq mi
ZIP Area
93
Density / Sq Mi
$69,782
Median Household Income
$37,498
Median Earnings
$1,033
Median Rent
$242,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Vintage 5-plex with four 1-bedroom units and one efficiency, each with stove and refrigerator.
Where is this apartment building located?
The property is located at 923 Beltrami Ave Nw Bemidji, MN.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Vintage 5‑plex licensed for 5 units: four 1‑bedroom units and one efficiency; Each unit includes a stove and refrigerator; Landlord pays heat, water, sewer, garbage, and common‑area electric; tenants pay electricity
More about this property
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