923 Beltrami Avenue NW, Bemidji, MN 56601 (MLS# 7070991)

923 Beltrami Avenue NW, Bemidji, MN 56601

$310,000

Property Type: Commercial Bedrooms: 4 Baths: 5 Square Footage: 3,220 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $310,000 List Date: 5/09/2026 Last Modified: 9/03/2026

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 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 r ... (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

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: Boiler Loan Terms: Cash; Conventional Lot Description: Corner Lot; Tree Coverage - Light On Site Utilities: Electric Common; Electric Separate; Heating Common Owner Pays: Fuel; Gas; Heat; Insurance; Lawn; Lawn; Maintenance/Repair; Repairs; Sewer; Snow Removal; Water Parking Characteristics: Gravel Lot Rent Rate per Foot: Per Month Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity Topography: Level Wall Description: Drywall; Plaster; Wood Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 310000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 923
Street Name: Beltrami
Street Suffix: Avenue
Street Direction Suffix: NW
Postal City: Bemidji
County: Beltrami
State: MN
Zip Code: 56601
Complex/Dev/Subdivision: First Add

Assessments

Tax With Assessments: 5176

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: 4380
Annual Net Income: 38856
Annual Water/Sewer Expense: 1440
Total Annual Expenses: 14928

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: Yes
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: 2026-10-30
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

Listing Office: Headwaters Realty Services LLC

Last Updated: September - 03 - 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.

923 Beltrami Avenue NW, Bemidji, MN 56601 (MLS# 7070991)