Is $119,900 a good price for a home in Thief River Falls?

According to BuyPulse, 518 Main Avenue N rates Excellent Value — at $102/sqft it's priced 22% below the typical Thief River Falls single-family home of $130/sqft. Its negotiating-position score is 76/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Thief River Falls homes are closing versus list. Powered by the Realgorithm™.

Does 518 Main Avenue N have a basement?

Yes, 518 Main Avenue N has a basement.

What type of heating and cooling does 518 Main Avenue N have?

518 Main Avenue N has Forced Air heating and None cooling.

Where is 518 Main Avenue N located?

518 Main Avenue N is in the Thief River Falls Townsite neighborhood of Thief River Falls, MN 56701, in Pennington County.

Is 518 Main Avenue N still available?

Yes — 518 Main Avenue N is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.

When was 518 Main Avenue N built?

518 Main Avenue N was built in 1905. It features post and beam construction and a poured concrete, stone foundation.

Does 518 Main Avenue N have main-floor laundry?

Yes — the laundry at 518 Main Avenue N is on the main level.

How walkable is 518 Main Avenue N?

518 Main Avenue N has a Walk Score of 73/100 (Very Walkable).

How many homes like 518 Main Avenue N are for sale in Thief River Falls?

9 similar homes (single-family homes between $90K and $150K in Thief River Falls) are for sale right now — a short list right now.

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.

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 1 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 2 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 3 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 4 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 5 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 6 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 7 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 8 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 9 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 10 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 11 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 12 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 13 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 14 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 15 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 16 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 17 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 18 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 19 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 20 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 21 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 22 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 23 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 24 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 25 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 26 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 27 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 28 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 29 of 30)

1905 single family home for sale at 518 Main Avenue N in Thief River Falls, MN — 4 bed, 2 bath (photo 30 of 30)

518 Main Avenue N, Thief River Falls, MN 56701

4 Beds | 2 Baths | 1,176 Sq Ft | Single Family Home | MLS# 7136364

M Markdowns — Price Reduced — was $129,900 (↓ $10,000)

$119,900

Is 518 Main Avenue N a Good Deal?

BuyPulse Verdict

Excellent Value

At $102/sqft — This home is priced 22% below the typical Thief River Falls single-family home of $130/sqft.

Your Negotiating Position

76 — Strong buyer leverage

Day 42 — Thief River Falls homes overall typically go under contract by day ~20. This one is past that window.

9 similar homes for sale — alternatives if they won't move.

This seller already cut $10,000 — motivation showing.

$863/month Estimated

Principal & interest: $606
Property taxes: $187
Home insurance (est.): $70
HOA dues: None

20% down ($23,980) · 30-yr fixed, 6.5% · Can I afford this home?

Estimates only; confirm before you offer.

Thief River Falls, MN Active

Located in Thief River Falls Townsite, Thief River Falls, MN.

About This Home

CLOSE TO DOWNTOWN!! Right along Main Ave sits this spacious 4 bedroom 2 bath home just waiting for a new owner! Front entry to greet guests leads to an open living/dining area with laminate flooring. One main floor bedroom. Main floor laundry room with additional storage/office space. 3/4 bath with nice sized shower stall. Nicely laid out kitchen. Back porch. Upstairs you will find 3 more bedrooms and a full bathroom. Home will need updated flooring in the bedrooms and some additional maintenance items. Basement is unfinished and provides utility area and storage. Detached garage with alley access. Public records note the shingles were replaced in 2014. CALL FOR YOUR PRIVATE VIEWING OF THIS PROPERTY!

BuyPulse™ — Live Market Read

Homes like this one — single-family homes between $90K and $150K in Thief River Falls:

The field: 9 similar Thief River Falls homes for sale — a short list right now.

Key Features

Built: 1905
Garage: 2-Car Detached
Style: Two
HOA: None
Annual Taxes: $2,240 (2026)

Property Details

Property Type: Single Family
Above Grade Sq Ft: 1,176
Lot Size: 0.241 acres
Basement: Yes
Roof: Age Over 8 Years, Asphalt
Construction: Post and Beam
County: Pennington
List Date: 2026-08-31
Days on Market: 42 days
Parcel ID: 2500308430

Financial

Total Tax incl. Assessments: $2,240

Home Systems & Utilities

Heating: Forced Air
Cooling: None
Electric: Circuit Breakers
Water: City Water/Connected
Sewer: City Sewer/Connected

Interior Features

Laundry: Laundry Room, Main Level

Construction & Exterior

Construction & Structure

Foundation Type: Poured Concrete, Stone
Foundation Area: 784 sqft
Total Building Area: 1,960 sqft

Exterior Features

Exterior Features: Steel Siding
Accessibility Features: None

Parking & Garage

Parking Features: Detached Garage, Gravel, Finished Garage

Lot & Land

Road Surface: Curbs, Paved Streets, Sidewalks
Zoning Description: Other

Agent & Office

List Office: USA Realty Thief River Falls

Price History

Price reduced to $119,900 — Oct 5, 2026

518 Main Avenue N is listed in Thief River Falls, MN, part of Pennington County. Browse all Minnesota homes for sale on Modern Market REALTORS®.

Showing — 518 Main Avenue N

Shannon Barnum

Associate Broker · Modern Market REALTORS®

Your Thief River Falls real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.

See all Thief River Falls homes ›

Listed by USA Realty Thief River Falls · Shown by Modern Market REALTORS®

Schedule a Home Tour

First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.

View Full Listing & Photos

MLS# 7136364 · Data refreshed October 5, 2026

Similar Homes for Sale Near 518 Main Avenue N, Thief River Falls, MN

See all homes for sale in Thief River Falls, MN →

Frequently Asked Questions About 518 Main Avenue N

Is $119,900 a good price for a home in Thief River Falls?: According to BuyPulse, 518 Main Avenue N rates Excellent Value — at $102/sqft it's priced 22% below the typical Thief River Falls single-family home of $130/sqft. Its negotiating-position score is 76/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Thief River Falls homes are closing versus list. Powered by the Realgorithm™. Browse Thief River Falls homes for sale to compare.
Does 518 Main Avenue N have a basement?: Yes, 518 Main Avenue N has a basement.
What type of heating and cooling does 518 Main Avenue N have?: 518 Main Avenue N has Forced Air heating and None cooling.
Where is 518 Main Avenue N located?: 518 Main Avenue N is in the Thief River Falls Townsite neighborhood of Thief River Falls, MN 56701, in Pennington County.
Is 518 Main Avenue N still available?: Yes — 518 Main Avenue N is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
When was 518 Main Avenue N built?: 518 Main Avenue N was built in 1905. It features post and beam construction and a poured concrete, stone foundation.
Does 518 Main Avenue N have main-floor laundry?: Yes — the laundry at 518 Main Avenue N is on the main level.
How walkable is 518 Main Avenue N?: 518 Main Avenue N has a Walk Score of 73/100 (Very Walkable). Scores provided by Walk Score® →
How many homes like 518 Main Avenue N are for sale in Thief River Falls?: 9 similar homes (single-family homes between $90K and $150K in Thief River Falls) are for sale right now — a short list right now.
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 Thief River Falls 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.