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 in 2 of the units and the others pay their own. 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. Seller supplies internet to tenants too.
Listing Courtesy of: Headwaters Realty Services LLC
218-760-2637
| Listing Id: | 7070991 |
|---|---|
| List Price: | $310,000 |
| Property Type: | Commercial Sale |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 5 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Tax Annual Amount: | $5,176 |
| Waterfront?: | No |
| City: | Bemidji |
| County Or Parish: | Beltrami |
| Subdivision Name: | First Add |
| Postal Code: | 56601 |
| Year Built: | 1910 |
| Number Of Units Total: | 5 |
| Accessibility Features: | None |
| Appliances: | Range, Refrigerator |
| Basement: | Yes |
| Basement: | Partial, Partially Finished |
| Bathrooms Total Integer: | 5 |
| Building Area Total: | 3220 |
| Cooling: | None |
| Current Use: | Residential |
| Directions: | Bemidji Ave to 10th and then to Beltrami Ave. On the corner of 10 and Beltrami. |
| Electric Expense: | $709 |
| Fencing: | None |
| Flooring: | See Remarks, Wood |
| Foundation Area: | 1,360 |
| Fuel Expense: | 2196 |
| Garage Spaces: | 0 |
| Gross Income: | $43,200 |
| Heating: | Boiler |
| High School District: | Bemidji |
| Inclusions: | Other |
| Insurance Expense: | $4,380 |
| Levels: | Two |
| Listing Contract Date: | 2026-05-07 |
| Living Area Units: | Square Feet |
| Lot Features: | Corner Lot, Tree Coverage - Light |
| Lot Size Area: | 0.12 |
| Lot Size Dimensions: | 37x140 |
| Lot Size Units: | Acres |
| Net Operating Income: | $38,856 |
| Assessment Pending: | No |
| Ceiling Height: | 8-10 |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Lender Owned: | No |
| Owner Occupied: | No |
| Potential Short Sale: | No |
| Power Company: | Minnesota Energy Resources |
| Yearly/Seasonal: | Yearly |
| Number of Refrigerators: | Five |
| Rental License Type: | Standard |
| School District Number: | 31 |
| School District Phone: | 2183333100 |
| Tax With Assessments: | $5,176 |
| Operating Expense: | $14,928 |
| Owner Pays: | Fuel, Gas, Heat, Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Water |
| Parcel Number: | 800122000 |
| Parking Features: | Gravel |
| Postal City: | Bemidji |
| Public Survey Range: | 33 |
| Public Survey Section: | 9 |
| Public Survey Township: | 146 |
| Road Frontage Type: | City Street |
| Road Responsibility: | Public Maintained Road |
| Roof: | Age 8 Years or Less |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Tenant Pays: | Electricity |
| Topography: | Level |
| Utilities: | Electric Common, Electric Separate, Heating Common |
| Water Sewer Expense: | $1,440 |
| Water Source: | City Water/Connected |
| Zoning Description: | Residential-Multi-Family, Residential-Single Family |
| Township: | Bemidji |
| Patio Porch Type: | Front Porch |
| Exterior Features: | Vinyl |
| Foundation Details: | Other |
| Rental License?: | Yes |
| Commercial Style Type: | Apartments/Multi Family |
| School District Full Name: | 31 - Bemidji |
| For Sale Or Lease: | For Sale |
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Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 05:23 PM - ET
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Property Last Updated: October 08, 2026 05:23 PM - ET
