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Bemidji, MN 56601

$329,900

Property Type: Commercial Bedrooms: 5 Baths: 5 Square Footage: 3,220 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $329,900 List Date: 5/09/2026 Last Modified: 7/23/2026

Overview

Description

Easy to rent units!! Rare one bedroom units! Opportunity to own a charming vintage 5-plex in one of Bemidji’s quiet residential neighborhoods—just a short walk to Bemidji State University and minutes from Downtown, shopping, parks, and the lake. This well-loved property blends classic character with solid rental performance, making it an ideal addition to any investment portfolio. The building features four 1-bedroom units and one efficiency, each with its own unique charm. Most units offer high ceilings, hardwood floors, and the warm character only a vintage property can provide. Every unit includes a stove and refrigerator, and the property is currently licensed for 5 units. Operating costs are simplified with the landlord covering heat, water, sewer, garbage, and common-area electric, while tenants pay for their own electricity. The roof has been completely replaced, offering peace of mind for years to come. Located on a quiet residential street, this property attracts long-te ... (Read more)

Listing Details MLS# 7070991

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 5
Owner Occupied: No
Waterfront YN: No
Year Built: 1910
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family, Residential-Single Famil
Foundation Size: 1360
Power Company: Minnesota Energy Resources
For Sale or Lease: For Sale
Acres: 0.12
Lot Dimensions: 37x140
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: None Amenities Shared: Porch Appliances: Range; Refrigerator Basement: Partial; Partially Finished CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Vinyl Fencing: None Flooring: Other/See Remarks; Wood Foundation: Other Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Lot Description: Corner Lot; Tree Coverage - Light On Site Utilities: Electric Separate Owner Pays: Fuel; Gas; Heat; Insurance; Lawn; Lawn; Maintenance/Repair; Repairs; Sewer; Snow Removal; Water Parking Characteristics: Gravel Lot Rental License Type: Standard Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity Topography: Level Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 329900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Bemidji
County: Beltrami
State: MN
Zip Code: 56601
Complex/Dev/Subdivision: First Add

Assessments

Tax With Assessments: 5176
Assessment Balance: 0

Building Information

Building Finished SqFt: 3220
Building SqFt: 3220
Ceiling Height: 8-10

More Information

Income and Expenses

Annual Electric Expense: 709
Annual Fuel Expense: 2196
Annual Gross Expenses: 4344
Annual Gross Income: 43200
Annual Insurance Expense: 2000
Annual Net Income: 38856
Annual Water/Sewer Expense: 1440
Total Annual Expenses: 4344
Annual Caretaker Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 33
Section#: 9
Township#: 146

Sale Options

Sale Includes: Other

Unit 1

Unit Number: Yes
Monthly Rent: 750
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 2
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2027-07-31
No. of 1 Bedroom Units: 4

Unit 2

Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: Main Level
Monthly Rent: 750
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 2

Unit 3

Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: 2nd Level
Monthly Rent: 700
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 3

Unit 4

Lease Expiration Date: 2027-07-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 750
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 4

Unit 5

Leased?: No
Level: Below Ground
Monthly Rent: 650
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Rooms: Yes
Unit Number: 5

Unit Details

Total Units: 5

Unit Information

No. of Efficiency Units: Yes

Office/Member Info

Association: NWMAR

Location, Tax and Other Information

Legal Description: SECT-09 TWP-146 RANGE-033 FIRST ADDITION TO BEMIDJI LOT-001 BLOCK-007 & N1/2 OF LOT 2
Listing City: Bemidji
Map Page: 999
Municipality: Bemidji
School District: Bemidji
School District Phone: 218-333-3100
Zip Plus 4: 63
Property ID Number: 800122000
Tax Year: 2026
Tax Amount: 5176
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Easy to rent units!! Rare one bedroom units! Opportunity to own a charming vintage 5-plex in one of Bemidji’s quiet residential neighborhoods—just a short walk to Bemidji State University and minutes from Downtown, shopping, parks, and the lake. This well-loved property blends classic character with solid rental performance, making it an ideal addition to any investment portfolio. The building features four 1-bedroom units and one efficiency, each with its own unique charm. Most units offer high ceilings, hardwood floors, and the warm character only a vintage property can provide. Every unit includes a stove and refrigerator, and the property is currently licensed for 5 units. Operating costs are simplified with the landlord covering heat, water, sewer, garbage, and common-area electric, while tenants pay for their own electricity. The roof has been completely replaced, offering peace of mind for years to come. Located on a quiet residential street, this property attracts long-term tenants who appreciate the walkability, convenience, and neighborhood feel. A solid, dependable investment with timeless appeal. Properties like this are rarely available. Two units are pictured. Each unit is a little different. 30+ hour notice to show.
Directions: Bemidji Ave to 10th and then to Beltrami Ave. On the corner of 10 and Beltrami.

Accessible

None: Yes

Air Conditioning

None: Yes

Amenities Shared

Porch: Yes

Appliances

Range: Yes
Refrigerator: Yes

Basement

Partial: Yes
Partially Finished: Yes

Construction Status

Previously Owned: Yes

Exterior

Vinyl: Yes

Fencing

None: Yes

Flooring

Other/See Remarks: Yes
Wood: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lot Description

Corner Lot: Yes
Tree Coverage - Light: Yes

Owner Pays

Fuel: Yes
Gas: Yes
Heat: Yes
Insurance: Yes
Lawn: Yes
Maintenance/Repair: Yes
Repairs: Yes
Sewer: Yes
Snow Removal: Yes
Water: Yes

Parking Characteristics

Gravel Lot: Yes

Rental License Type

Standard: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Topography

Level: Yes

Water

City Water/Connected: Yes

Tenant Pays

Electricity: Yes

On Site Utilities

Electric Separate: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Listing Office: Headwaters Realty Services LLC

Last Updated: July - 23 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.