145 5th Street NW, Perham, MN 56573
3 Beds | 2 Baths | 1,893 Sq Ft | Single Family Home | MLS# 7140636
Is 145 5th Street NW a Good Deal?
BuyPulse Verdict
Excellent Value
At $119/sqft — This home is priced 36% below the typical Perham single-family home of $185/sqft.
Your Negotiating Position
44 — Seller-leaning market
Day 11 — Perham homes overall typically go under contract by day ~23, so this one is early in its window.
12 similar homes for sale — alternatives if they won't move.
Powered by the Realgorithm™ — 43 active Perham listings · NorthstarMLS
$1,444/month Estimated
- Principal & interest
- $1,138
- Property taxes
- $175
- Home insurance (est.)
- $131
- HOA dues
- None
20% down ($45,000) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
Located in Newcombs 2nd Add, Perham, MN.
About This Home
Warm, welcoming, and full of possibility — this 3-bedroom, 1¼-bath home is ready to be discovered. Step inside to a modern, inviting kitchen that sets the tone for the rest of the home. At the heart of it all is a spacious family room, perfectly suited for quiet relaxing evenings or lively game nights with family and friends. All three bedrooms are conveniently located on the main level, with the two secondary bedrooms sharing access to a bonus space ideal for a home office or playroom — flexible living for however your family needs it most. Downstairs offers even more potential, with ample room to create an additional bedroom or family room to fit a growing household. Outside, a fully fenced backyard keeps the patio private and peaceful — perfect for a relaxed Sunday grill-out with the ones you love. Tucked just minutes from town and local shops, this home offers the perfect balance of comfort, convenience, and everyday charm.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $169K and $281K in Perham:
- The field: 12 similar Perham homes for sale — you have options.
Powered by the Realgorithm™ — real Perham closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1958
- Above Grade
- 1,493 sq ft
- Below Grade
- 400 sq ft
- Lot Size
- 0.14 acres
- Garage
- 1-car (Attached Garage, Concrete)
- Heating
- Boiler
- Cooling
- Window Unit(s)
- Basement
- Yes
- Sewer
- City Sewer/Connected
- Water
- City Water/Connected
- Annual Taxes
- $2,096
- County
- Otter Tail
- Days on Market
- 11
145 5th Street NW is listed in Perham, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 145 5th Street NW
Associate Broker · Modern Market REALTORS®
Your Perham real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by eXp Realty · 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# 7140636 · Data refreshed September 14, 2026
Similar Homes for Sale Near 145 5th Street NW, Perham, MN
Frequently Asked Questions About 145 5th Street NW
- Is $225,000 a good price for a home in Perham?
- According to BuyPulse, 145 5th Street NW rates Excellent Value — at $119/sqft it's priced 36% below the typical Perham single-family home of $185/sqft. Its negotiating-position score is 44/100 (Seller-leaning market), weighed on days on market, comparable inventory, and how Perham homes are closing versus list. Powered by the Realgorithm™. Browse Perham homes for sale to compare.
- Does 145 5th Street NW have a basement?
- Yes, 145 5th Street NW has a basement with 400 sq ft of below-grade space.
- What type of heating and cooling does 145 5th Street NW have?
- 145 5th Street NW has Boiler heating and Window Unit(s) cooling.
- Where is 145 5th Street NW located?
- 145 5th Street NW is in the Newcombs neighborhood of Perham, MN 56573, in Otter Tail County.
- Is 145 5th Street NW still available?
- Yes — 145 5th 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 145 5th Street NW built?
- 145 5th Street NW was built in 1958. It features a block foundation.
- How many homes like 145 5th Street NW are for sale in Perham?
- 12 similar homes (single-family homes between $169K and $281K in Perham) are for sale right now — you have options.
- 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 Perham area.