5150 Sherman Drive NE, Bemidji, MN 56601
4 Beds | 3 Baths | 2,640 Sq Ft | Single Family Home | MLS# 7148757
M Markdowns — Price Reduced — was $349,900 (↓ $10,000)
Is 5150 Sherman Drive NE a Good Deal?
BuyPulse Verdict
Excellent Value
At $129/sqft — This home is priced 23% below the typical Bemidji single-family home of $168/sqft.
Powered by the Realgorithm™ — 109 active Bemidji listings · NorthstarMLS
$2,287/month Estimated
- Principal & interest
- $1,719
- Property taxes
- $370
- Home insurance (est.)
- $198
- HOA dues
- None
20% down ($67,980) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
Located in Riverside Add, Bemidji, MN.
About This Home
Riverfront property on the Lake Bemidji Chain! Tucked away in an extremely peaceful setting, this beautiful Mississippi River property spans 3.89 acres of towering pines, majestic oaks, maples, and producing apple trees. The land features a gentle slope leading directly down to your own river access, offering miles of navigable water with Lake Bemidji and Stump Lake just a boat ride away. The property features a spacious 5-bedroom, 3-bathroom rambler-style home with a walkout lower level and an attached double garage, plus an additional single detached garage for extra storage. Best of all, this property carries a RARE DUPLEX LICENSE, offering incredible versatility—live in one unit and let the other pay your mortgage, rent both as a high-yield income property, or easily utilize it as a grand single-family estate. While the home needs some cosmetic updates, the bones are excellent and the potential is unmatched. Bring your design ideas to life and build instant equity in a truly unbeatable location teeming with local wildlife.
3D Home Tour
BuyPulse™ — Live Market Read
Homes like this one — ramblers between $255K and $425K in Bemidji:
- The field: 25 similar Bemidji homes for sale — you have options.
- Tempo: homes like this went pending in a median 34 days — 0 of the last 13 inside 4 days.
- Negotiation: 49% of the last 37 sales here closed at or over list — about half hold full price.
Powered by the Realgorithm™ — 37 real Bemidji closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1993
- Garage
- 2-Car
- Style
- One
- HOA
- None
- Annual Taxes
- $4,442 (2026)
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 1,320
- Below Grade Sq Ft
- 1,320
- Lot Size
- 4.04 acres
- Basement
- Yes
- County
- Beltrami
- List Date
- 2026-09-23
- Days on Market
- 19 days
- Parcel ID
- 800312301
Financial
- Total Tax incl. Assessments
- $4,442
Home Systems & Utilities
- Heating
- Forced Air
- Cooling
- Central Air
- Water
- Private, Well
- Sewer
- Private Sewer
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 1,320 sqft
- Total Building Area
- 2,640 sqft
Exterior Features
- Exterior Features
- Vinyl
- View
- River
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Attached Garage, Detached Garage
Lot & Land
- Zoning Description
- Residential-Single Family
Waterfront
- Waterfront
- Yes
Agent & Office
- List Office
- Better Homes and Gardens Real Estate First Choice
Price History
- Price reduced to $339,900 — Oct 1, 2026
5150 Sherman Drive NE is listed in Bemidji, MN, part of Beltrami County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 5150 Sherman Drive NE
Associate Broker · Modern Market REALTORS®
Your Bemidji real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by Better Homes and Gardens Real Estate First Choice · Shown by Modern Market REALTORS®
First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.
View Full Listing & PhotosMLS# 7148757 · Data refreshed October 12, 2026
Similar Homes for Sale Near 5150 Sherman Drive NE, Bemidji, MN
- 609 Lake Boulevard NE — $319,000 · 5 bed · 5 bath
- 617 Lake Avenue NE — $300,000 · 3 bed · 2 bath
- 9330 Country Club Road NE — $299,900 · 4 bed · 2 bath
- 102 Robertson Drive NW — $299,750 · 3 bed · 2 bath
- 718 Stoner Avenue SE — $298,000 · 3 bed · 1 bath
- 6809 Hamilton Park NW, Unit 10 — $272,000 · 3 bed · 2 bath
Frequently Asked Questions About 5150 Sherman Drive NE
- Is $339,900 a good price for a home in Bemidji?
- According to BuyPulse, 5150 Sherman Drive NE rates Excellent Value — at $129/sqft it's priced 23% below the typical Bemidji single-family home of $168/sqft. Powered by the Realgorithm™. Browse Bemidji homes for sale to compare.
- Does 5150 Sherman Drive NE have a basement?
- Yes, 5150 Sherman Drive NE has a finished basement with 1,320 sq ft of below-grade space.
- What type of heating and cooling does 5150 Sherman Drive NE have?
- 5150 Sherman Drive NE has Forced Air heating and Central Air cooling.
- Where is 5150 Sherman Drive NE located?
- 5150 Sherman Drive NE is in the Riverside neighborhood of Bemidji, MN 56601, in Beltrami County.
- Is 5150 Sherman Drive NE still available?
- 5150 Sherman Drive NE is currently pending. The seller may still accept backup offers — contact us to learn more.
- When was 5150 Sherman Drive NE built?
- 5150 Sherman Drive NE was built in 1993. It features a block foundation.
- How walkable is 5150 Sherman Drive NE?
- 5150 Sherman Drive NE has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 34/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 5150 Sherman Drive NE are for sale in Bemidji?
- 25 similar homes (ramblers between $255K and $425K in Bemidji) are for sale right now — you have options.
- How fast do homes like 5150 Sherman Drive NE sell in Bemidji?
- Homes like this one (ramblers between $255K and $425K in Bemidji) went pending in a median 34 days over the last 90 days — 0 of the last 13 went under contract within 4 days.
- Do homes in Bemidji sell for asking price?
- 49% of the last 37 comparable Bemidji sales closed at or over list price — about half hold full price. Based on real NorthstarMLS closings, not estimates.
- What does "M Markdowns" mean?
- M Markdowns™ is Modern Market REALTORS®’ real estate tracker of homes for sale with verified MLS price reductions across the Fargo-Moorhead metro and Minnesota lake country. Every reduction is sourced directly from NorthstarMLS — minimum $2,000 drop to filter noise.
- What does "BuyPulse" mean?
- BuyPulse™ is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.
- What does "Realgorithm™" mean?
- The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Bemidji area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/13/2026, 1:17 AM CDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.