Strong income-producing opportunity featuring a 4-unit multifamily building plus a separate 3-bedroom, 1.5-bath single-family home—all being sold together. With 4 of the 5 total units currently rented and vacant unit #1 undergoing renovations, this property offers immediate cash flow with additional upside upon completion. Originally a church with a pastor’s residence, the main building was converted into four rental units while still showcasing unique architectural character. The unfinished third level with vaulted ceilings provides excellent potential for additional unit(s), expanded living space, or increased rental income. The accompanying single-family home adds flexibility for owner-occupancy, additional rental revenue, or on-site management. Ideal for investors or house hackers looking to expand their portfolio with a versatile multi-unit property offering multiple income streams, value-add potential, and long-term growth. Owner is a licensed real estate agent in the state of Minnesota.
Income producing four-unit building, plus a 3-bedroom single family home, all in one package! Great cash flow and low vacancy rate make this a very attractive investment. Rent all five units or live in the house and let the four-unit building generate extra income. This was originally a church and pastor’s home that have been nicely renovated. The four-unit “church” building also has an unfinished 3 rd level with vaulted ceilings, providing potential for a sixth unit.
NORTHSTARMLS as Distributed by MLS Grid #5212917
May 30, 2019
Sold
$105,000
$22/sq ft
Apr 19, 2019
Pending
—
Apr 16, 2019
Contingent
—
Apr 11, 2019
Listed
$89,900
$19/sq ft
+11
Income producing four-unit building, plus a 3-bedroom single family home, all in one package! Great cash flow and low vacancy rate make this a very attractive investment. Rent all five units or live in the house and let the four-unit building generate extra income. This was originally a church and pastor's home that have been nicely renovated. The four-unit "church" building also has an unfinished 3rd level with vaulted ceilings, providing potential for a sixth unit.
Public Records
Nov 3, 2006
Sold
$75,000
$16/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$1,576 (+18.7%)
$10,000 + $62,700
$72,700
2025
$1,328 (−6.1%)
$8,100 + $52,300
$60,400
2024
$1,414 (−3.4%)
$8,100 + $64,300
$72,400
2023
$1,464 (−13.0%)
$8,100 + $64,300
$72,400
2022
$1,682 (+11.2%)
$9,900 + $64,300
$74,200
2021
$1,512 (+1.6%)
$8,100 + $64,300
$72,400
2020
$1,488 (+3.6%)
$8,100 + $64,300
$72,400
2019
$1,436 (+4.4%)
$8,100 + $64,300
$72,400
2018
$1,376 (+11.1%)
$8,100 + $64,300
$72,400
2017
$1,238 (−7.9%)
$8,100 + $64,300
$72,400
2015
$1,344 (+11.1%)
$8,300 + $68,900
$77,200
2014
$1,210
$8,100 + $61,200
$69,300
Public record
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
10,039 Sq. Ft.
Year renovated
1950
Finished Sq. Ft.
1,752
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,752
Year built
1910
Style
Multi-Family (5+ Unit)
County
Koochiching County
APN
92-006-31130
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 28, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
1/10 Heat Factor
7 days above 91° expected this year, 12 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Intl Falls, MN • 56649
Average low and high temperatures (°F)
14
-5
21
2
35
16
47
28
66
42
74
52
80
59
75
55
70
49
58
39
38
25
21
4
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Intl Falls. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 516 7th Ave
$195,995
$4,005 under list price of $200K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $172K to $245K.