MLS: #7044870, Listed By: Jane Neubauer, Trilogy Real Estate, Source:FargoMoorhead Area Association of REALTORS

Active

700 E Summit Avenue

Fergus Falls, MN 56537

$384,000 $1,618/Mo

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Overview

Bed

Bath

4,216

Sqft

0.38

Acre(Lot)

Description

This multi-family residential property has loads of potential. Previous owner lived in one unit as a primary residence, and rented out the others allowing for homestead tax status. Currently all units are rented on a month-to-month basis. Currently set up with two 2-bedroom, units and one 1-bedroom unit, with a strong potential for a 4th efficiency or larger unit with minimal modifications. Laundry available in each unit. 1 tuck-under attached garage, and 3 additional detached garage stalls, plus insulated 24 x 16 workshop/storage area and 8x10 storage shed.

Property Details

Property Type : Residential Income

Price : $384,000

AD Id : 76625681

MLS Id : 7044870

Beds : 5

Lot Size : 0.38 Acre

Living Area Size : 4,216

Year Built : 1961

Garage : 4

County : Otter Tail

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Bathroom Information

Total Baths: 4

Room Information

Has Basement: Yes Basement: Full, Block, Concrete
Roofing Information

Asphalt, Shingle
Interior Features

Roof: Asphalt, Shingle Laundry Features: In Unit
Heating & Cooling

Has Heating: Yes Heating: Baseboard

Building Information

Year Built: 1961 Building Area Total: 4456 Construction Materials: Block Stories: 1 Pool Features: None Private Pool: No

Lot Information

Lot Dimensions: 75 x 142 Main Square Feet: 0.38 Acres Lot Size Acres: 0.38 Lot Size Square Feet: 16552.8

Property Information

Subdivision: North Division/Fergus Falls Source Property Type: Residential Income Property SubType: Triplex Levels: One Property Age: 65

Listing Price Information

Listing Price: $384000 Cash, Conventional

Tax Information

Parcel Number: 71002990931000 Annual Tax: $4114

Parking Information

Garage

Garage Information

Has Garage: Yes Garage Space: 4

Location Information

Direction: Take Union Ave to East Summit Ave to property on the south side of the road. WaterSource: Public

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At $91.08 per sq.ft.,this listing is priced below average compared to other multifamily from Fergus Falls.

The average multifamily price in Fergus Falls is $498412.86 with avg. price / sq.ft of $2844.68.

The average multifamily price in Otter Tail County is $540257.14 with avg. price / sq.ft of $3659.00.

How much is this property worth?

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
424 W Birch Avenue, Fergus Falls, MN, 56537	$199,900	6	2	1,352	1,352 SqFt
822 W Maple Avenue, Fergus Falls, MN, 56537	$169,900	5	2	1,447	1,447 SqFt

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ByOwner last updated this listing 04/06/2026 @ 23:16

MLS: 7044870 LISTED BY: Jane Neubauer, Trilogy Real Estate 218-205-7086 SOURCE: FargoMoorhead Area Association of REALTORS