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.
50 earns the badge · a typical active home here scores ~0
This home has sat well past the local pace — time is working in a buyer's favor.
- 348 days on market — more than triple the usual 101 days
- Price cut 5.0% (−$5,000)
- No negative signals found in the listing history
MMR track record: Offer-Ready homes closed a median 11% below their highest asking price — vs 3% for non-flagged reduced homes. MMR analysis of 19 vs 429 NorthstarMLS sales, updated monthly.
How the 0–100 Offer-Ready Score works →
Offer-Ready Score is a Modern Market REALTORS® calculation from NorthstarMLS listing data — not MLS-provided data.
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
- Property Type
- Triplex
- Year Built
- 1940
- Above Grade
- 3,024 sq ft
- Lot Size
- 0.22 acres
- Heating
- Baseboard
- Sewer
- City Sewer/Connected
- Water
- City Water/Connected
- Annual Taxes
- $1,264
- Special Assessments
- $66
- County
- Cass
- Days on Market
- 347
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
Shannon Barnum
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 July 7, 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 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?
- Yes — 423 1ST Street NW is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 423 1ST Street NW built?
- 423 1ST Street NW was built in 1940. It features a concrete perimeter foundation.
- 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.