423 1ST Street NW — Triplex, Cass Lake, MN 56633
5 Beds | 3 Baths | 3,024 Sq Ft | Home | MLS# 6786479
Price Drop on M Markdowns — was $100,000 (↓ $5,000)
$646/month Estimated
- Principal & interest
- $480
- Property taxes
- $105
- Home insurance (est.)
- $55
- Special assessments
- $6
- HOA dues
- None
20% down ($19,000) · 30-yr fixed, 6.5% · Can I afford this home?
Includes special assessments — the FM-metro cost most portals leave out. Estimates only; confirm before you offer.
About This Home
This triplex offers immediate cash flow with proven rental history. Currently generating $1,975 per month in gross rent, this property exceeds the 1% rule and is an excellent addition to any portfolio.
Key Features
- Built
- 1940
- Style
- More Than 2 Stories
- HOA
- None
- Annual Taxes
- $1,264 (2025)
- Specials/yr
- $66
Property Details
- Property Type
- Triplex
- Above Grade Sq Ft
- 3,024
- Lot Size
- 0.22 acres
- Basement
- No
- County
- Cass
- List Date
- 2025-09-15
- Days on Market
- 392 days
- Parcel ID
- 853441025
Financial
- Total Tax incl. Assessments
- $1,330
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Baseboard
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
Construction & Exterior
Construction & Structure
- Foundation Type
- Concrete Perimeter
- Foundation Area
- 1,008 sqft
- Total Building Area
- 3,024 sqft
Exterior Features
- Exterior Features
- Cedar
- Accessibility Features
- None
Parking & Garage
- Parking Features
- On-Street Parking Only, Parking Lot
Lot & Land
- Zoning Description
- Residential-Multi-Family
Agent & Office
- List Office
- Real Broker, LLC
Price History
Reduced $5,000 (5.0%)
- Price reduced to $100,000 — Apr 21, 2026
- Price reduced to $95,000 — Jul 7, 2026
423 1ST Street NW is listed in Cass Lake, MN, part of Cass County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 423 1ST Street NW
Associate Broker · Modern Market REALTORS®
Your Cass Lake real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by Real Broker, LLC · 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# 6786479 · Data refreshed October 3, 2026
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Frequently Asked Questions About 423 1ST Street NW
- What are the special assessments at 423 1ST Street NW — and what do they mean?
- This property has $66/yr in annual special assessments, with no specials pending. Special assessments are separate from property taxes — they are charges levied by the city for infrastructure improvements like streets, water, sewer, and sidewalks. Annual property taxes are $1,264/yr. Always factor both into your total monthly housing cost before making an offer.
What special assessments cost in Fargo-Moorhead — live figures on every home for sale.
- What type of heating and cooling does 423 1ST Street NW have?
- 423 1ST Street NW has Baseboard heating.
- Where is 423 1ST Street NW located?
- 423 1ST Street NW is in Cass Lake, MN 56633, in Cass County.
- Is 423 1ST Street NW still available?
- 423 1ST Street NW is currently pending. The seller may still accept backup offers — contact us to learn more.
- When was 423 1ST Street NW built?
- 423 1ST Street NW was built in 1940. It features a concrete perimeter foundation.
- How walkable is 423 1ST Street NW?
- 423 1ST Street NW has a Walk Score of 51/100 (Somewhat Walkable) and a Bike Score of 67/100 (Somewhat Bikeable). Scores provided by Walk Score® →
- 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.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Cass Lake 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.