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    Perham, MN
    Residential Income

    Perham, MN Residential Income Properties for Sale

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    Dent, MN Frazee, MN New York Mills, MN Richville, MN Ottertail, MN Vergas, MN Detroit Lakes, MN Battle Lake, MN
    Triplex Apartment Building with Private Entrances
    Updated: Jul 31
    Triplex Apartment Building with Private Entrances

    155 SW 4th, Perham, MN 56573

    $334,900
    2,412 sqft 0.26 AC lot
    Three‑unit apartment building with private entrances for each unit
    0.26‑acre lot
    2,412 SF building size
    Detached and attached garage off‑street parking
    Frame construction with vinyl exterior features
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    This listing looks promising.

    Here's a quick look at some key insights for

    155 SW 4th, Perham, MN 56573

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    • Est. Cap Rate

      6%
      Above avg (5.9%)

    • Est. NOI

      $20K
      Annual

    • Price @ 7% Cap

      $289K
      Suggested

    • Property Type

      Single Family Residence
      Built 1886
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    Three-Unit Apartment Building
    Updated: Dec 15, 2025
    Three-Unit Apartment Building

    155 4th Ave Sw, Perham, MN 56573

    $350,000
    2,412 sqft
    Three‑unit apartment building totaling 2,412 square feet
    Each unit has its own private entrance
    Dedicated off‑street parking
    Downtown Perham location
    Walkable to local shops, restaurants, services, and employers
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    Residential Income Property
    Residential Income Property

    155 SW 4th, Perham, MN 56573

    $334,900
    2,412 sqft

    Historic residential income property with Residential-Multi-Family zoning and natural gas hot water service.

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    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 3 Active listings in Perham, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Duplex with 3-Season Front Porch
    Duplex with 3-Season Front Porch

    424 W Birch Avenue, Fergus Falls, MN 56537

    $189,900
    1,352 sqft 0.19 AC lot

    Duplex in Fergus Falls with two three-bedroom units, forced-air heat, vinyl siding, and driveway parking.

    View details
    Renovated Apartment Community
    Renovated Apartment Community

    210 Park Ave, Park Rapids, MN 56470

    Contact for pricing
    2.36 AC lot

    40-unit apartment community with on-site coin-operated laundry and surface parking on 2.36 acres.

    View details
    Mixed-Use Building with Retail Units
    Mixed-Use Building with Retail Units

    123 Main Avenue South, Park Rapids, MN 56470

    Contact for pricing

    For sale mixed-use building featuring five commercial units and eight apartments on Park Rapids Main Avenue.

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    Restaurant and Upper Apartments
    Restaurant and Upper Apartments

    106 Lincoln, Fergus Falls, MN 56537

    Contact for pricing

    For sale mixed-use property with a restaurant space and three upper-level apartments, including kitchen equipment.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Perham, MN Wooded Residential Lot
    Perham, MN Wooded Residential Lot

    377th Street, Perham, MN 56573

    Contact for pricing
    1.12 AC lot

    1.12-acre wooded lot near Perham, close to Rush Lake.

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    Lakefront Land with Back Lot
    Lakefront Land with Back Lot

    Leaf River Road, Ottertail, MN 56571

    $87,000
    1.60 AC lot

    Lakefront lot offers 154 feet of shoreline plus a bonus back lot across a paved road.

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    Secluded East Battle Lake Lot
    Secluded East Battle Lake Lot

    220th Street, Clitherall, MN 56524

    $129,900
    2.29 AC lot

    2.4 acre lot with lake views and boat access.

    View details
    Residential Lots by Pelican River
    Residential Lots by Pelican River

    River View Trail lot: 18 Block 2, Pelican Rapids, MN 56572

    $105,000
    0.98 AC lot

    Residential lots available in exclusive development with river access.

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    Off-Market Properties in Perham, MN

    Consider similar Off-Market properties in Perham, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    47513 Short Rd
    MOBILE HOME PARK, TRAILER PARK

    47513 Short Rd, Perham, MN 56573-8875

    $275,000
    Estimated value
    1.20 AC lot
    View details
    262 Pne Cone Park
    MOBILE HOME PARK, TRAILER PARK

    262 Pne Cone Park, Perham, MN 56573-2500

    $285,000
    Estimated value
    10.97 AC lot
    View details
    49247 510th St
    APARTMENT HOUSE (5+ UNITS)

    49247 510th St, Perham, MN 56573-8217

    $190,000
    Estimated value
    1,152 sqft
    View details
    130 2nd SW Ave
    APARTMENT HOUSE (5+ UNITS)

    130 2nd SW Ave, Perham, MN 56573-1460

    $245,000
    Estimated value
    1,664 sqft 0.10 AC lot
    View details
    Perham, MN 56573
    APARTMENT HOUSE (5+ UNITS)

    Perham, MN 56573

    $240,000
    Estimated value
    2,177 sqft 0.34 AC lot
    View details
    Perham, MN 56573
    MOBILE HOME PARK, TRAILER PARK

    Perham, MN 56573

    $270,000
    Estimated value
    3.40 AC lot
    View details

    Perham, MN Residential Income Properties Market Trends and Statistics

    Explore 9 residential income properties for sale in Perham, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 7,236 square feet of properties for sale, with an estimated market value of $1,019,800.

    Sale prices for residential income properties in Perham, MN start at $334,900, averaging $339,933, and reaching up to $350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 2
    Triplexes 2

    Demographics Overview

    Population 6,868
    Population Growth (5Y) +10.6%
    Median Household Income $68,080
    College Educated 36.7%

    High-Yield Neighborhoods for Investment

    Identify Perham submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    56573 $334.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.55%
    Property Tax per SF $15.58 per SF
    Tax Rate vs County Average 0.27 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Otter Tail County

    New Delisted

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