502 NE 4th Avenue, Grand Rapids, MN 55744
3 Beds | 2 Baths | 1,591 Sq Ft | Single Family Home | MLS# 7106850
M Markdowns — Price Reduced — was $214,900 (↓ $5,000)
Is 502 NE 4th Avenue a Good Deal?
BuyPulse Verdict
Excellent Value
At $132/sqft — This home is priced 34% below the typical Grand Rapids single-family home of $199/sqft.
Your Negotiating Position: 80 — Strong buyer leverage
Powered by the Realgorithm™ — 83 active Grand Rapids listings · NorthstarMLS
$1,368/month Estimated
- Principal & interest
- $1,061
- Property taxes
- $185
- Home insurance (est.)
- $122
- HOA dues
- None
20% down ($41,980) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
Located in Grand Rapids First Div, Grand Rapids, MN.
About This Home
This is a very nice three-bedroom home with stainless steel appliances , updated kitchen cabinets, lighting, and countertop. Large dining area with bay window and a bright and airy living room with a wood banister to upper-level bedrooms and an updated bath with ceramic tile shower and built in cabinets. Lower level features a L shaped family room with office space and a ¾ bath that is partially finished. There is an attached one stall garage with access from the main floor and lower level, private patio, newer built handicap ramp, and a galvanized fenced area for your pets. All on a double corner lot.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $157K and $262K in Grand Rapids:
- The field: 21 similar Grand Rapids homes for sale — you have options.
- Tempo: homes like this went pending in a median 18 days — 2 of the last 11 inside 4 days.
Powered by the Realgorithm™ — real Grand Rapids closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1925
- Above Grade
- 1,291 sq ft
- Below Grade
- 300 sq ft
- Lot Size
- 0.16 acres
- Lot Features
- Corner Lot
- Garage
- 1-car (Attached Garage)
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- Yes
- Appliances
- Range, Refrigerator
- Sewer
- City Sewer/Connected
- Water
- City Water/Connected
- Annual Taxes
- $2,224
- County
- Itasca
- Days on Market
- 50
502 NE 4th Avenue is listed in Grand Rapids, MN, part of Itasca County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 502 NE 4th Avenue
Shannon Barnum
Associate Broker · Modern Market REALTORS®
Your Grand Rapids real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by MOVE IT REAL ESTATE GROUP/LAKEHOMES.COM · 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# 7106850 · Data refreshed August 18, 2026
Similar Homes for Sale Near 502 NE 4th Avenue, Grand Rapids, MN
Frequently Asked Questions About 502 NE 4th Avenue
- Is $209,900 a good price for a home in Grand Rapids?
- According to BuyPulse, 502 NE 4th Avenue rates Excellent Value — at $132/sqft it's priced 34% below the typical Grand Rapids single-family home of $199/sqft. Its negotiating-position score is 80/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Grand Rapids homes are closing versus list. Powered by the Realgorithm™. Browse Grand Rapids homes for sale to compare.
- Does 502 NE 4th Avenue have a basement?
- Yes, 502 NE 4th Avenue has a basement with 300 sq ft of below-grade space.
- What type of heating and cooling does 502 NE 4th Avenue have?
- 502 NE 4th Avenue has Forced Air heating and Central Air cooling.
- Where is 502 NE 4th Avenue located?
- 502 NE 4th Avenue is in the Grand Rapids First Div neighborhood of Grand Rapids, MN 55744, in Itasca County.
- Is 502 NE 4th Avenue still available?
- Yes — 502 NE 4th Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 502 NE 4th Avenue built?
- 502 NE 4th Avenue was built in 1925. It features frame construction, an asphalt roof, and a block foundation.
- Does 502 NE 4th Avenue have main-floor laundry?
- No — the laundry at 502 NE 4th Avenue is in the lower level.
- How many homes like 502 NE 4th Avenue are for sale in Grand Rapids?
- 21 similar homes (single-family homes between $157K and $262K in Grand Rapids) are for sale right now — you have options.
- How fast do homes like 502 NE 4th Avenue sell in Grand Rapids?
- Homes like this one (single-family homes between $157K and $262K in Grand Rapids) went pending in a median 18 days over the last 90 days — 2 of the last 11 went under contract within 4 days.
- 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 Grand Rapids area.