516 7th Avenue, International Falls, MN 56649 (MLS# 7132973)

516 7th Avenue, International Falls, MN 56649

$200,000
Property Type: Commercial Bedrooms: 11 Baths: 6 Lot Size (sq. ft.): 10,019 Status: Active
Current Price: $200,000 List Date: 9/02/2026 Last Modified: 9/08/2026

Overview

Description

Strong income-producing opportunity featuring a 4-unit multifamily building plus a separate 3-bedroom, 1.5-bath single-family home—all being sold together. With 4 of the 5 total units currently rented and vacant unit #1 undergoing renovations, this property offers immediate cash flow with additional upside upon completion. Originally a church with a pastor’s residence, the main building was converted into four rental units while still showcasing unique architectural character. The unfinished third level with vaulted ceilings provides excellent potential for additional unit(s), expanded living space, or increased rental income. The accompanying single-family home adds flexibility for owner-occupancy, additional rental revenue, or on-site management. Ideal for investors or house hackers looking to expand their portfolio with a versatile multi-unit property offering multiple income streams, value-add potential, and long-term growth. Owner is a licensed real estate agent in the state o ...

Listing Details MLS# 7132973

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
Foundation Size
2368
Garage Stalls
3
For Sale or Lease
For Sale
Acres
0.23
Lot Dimensions
75x140
Assessment Pending
No

Property Features

Accessible: None Amenities Unit: Hardwood Floors; Natural Woodwork Appliances: Range; Refrigerator Basement: Concrete Block CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Wood Foundation: Brick/Mortar Fuel: Natural Gas Heating: Boiler; Forced Air Loan Terms: Cash; Conventional; FHA; VA; Other Lock Box Type: Combo On Site Utilities: Electric Separate Pool Description: None Rental License Type: Standard Roof: Asphalt Shingles; Metal; Pitched; Other Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
200000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
516
Street Name
7th
Street Suffix
Avenue
Postal City
International Falls
County
Koochiching
State
MN
Zip Code
56649
Complex/Dev/Subdivision
International Falls

Assessments

Tax With Assessments
1576

Building Information

Building Finished SqFt
4530

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
34
Township#
71

Sale Options

Sale Includes
Building, Land, Leases

Unit 1

Unit Number
#1
Monthly Rent
550
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Total Rooms
5
Level
Main Level
Unit Total SqFt
876
Leased?
No
No. of 1 Bedroom Units
Yes

Unit 2

No. of 2 Bedroom Units
2
Full Baths
Yes
Lease Expiration Date
2026-12-31
Leased?
Yes
Level
2nd Level
Monthly Rent
650
Total Bathrooms
Yes
Total Bedrooms
2
Total Rooms
5
Unit Number
#2
Unit Total SqFt
876

Unit 3

No. of 3 Bedroom Units
2
Full Baths
Yes
Lease Expiration Date
2026-12-31
Leased?
Yes
Level
2nd Level
Monthly Rent
675
Total Bathrooms
Yes
Total Bedrooms
3
Total Rooms
6
Unit Number
#3
Unit Total SqFt
876

Unit 4

Full Baths
Yes
Lease Expiration Date
2026-12-31
Leased?
Yes
Level
Below Ground
Monthly Rent
520
Total Bathrooms
Yes
Total Bedrooms
Yes
Total Rooms
4
Unit Number
#4
Unit Total SqFt
876

Unit 5

Full Baths
Yes
Half Baths
Yes
Lease Expiration Date
2026-12-31
Leased?
Yes
Monthly Rent
750
Total Bathrooms
2
Total Bedrooms
3
Unit Number
516 Singl

Unit Details

Total Units
5
IDX
Listing Office: eXp Realty
Last Updated: September - 08 - 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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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