423 1st St NW

$120,000
Price
—
Beds
—
Baths
3,024 Sq. Ft.
$40 / Sq. Ft.
3,024
Sq. Ft.
$40
per Sq. Ft.

Description

This triplex offers immediate cash flow with proven rental history. Currently generating $1,975 per month in gross rent, this property exceeds the 1% rule and is an excellent addition to any portfolio.This triplex offers immediate cash flow with proven rental history. Currently generating $1,975 per month in gross rent, this property exceeds the 1% rule and is an excellent addition to any portfolio.
  1. Listed by Real Broker, LLC

Property Details for 423 1st Street Northwest

Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 11/12/2025 04:43 PM

Property Details for 423 1st Street Northwest

StatusActive
MLS #6786479
Days on Compass95
Taxes$1,264 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1940
Lot Size0.22 AC / 9,583 SF
CountyCass County

Location

Listing Courtesy of Real Broker, LLC
Add your commute

Building Information for 423 1st Street Northwest

Stories-Residences3Year Built1940Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$698 per month

30 year fixed, 6.28% Interest

Principal and Interest

$593

Property Taxes

$105

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 423 1st Street Northwest

Summary
Location and General Information
  • City Name: Cass Lake
  • County Or Parish: Cass
  • County: Cass-MN
  • Directions: South on HWY 371 from US HWY 2. Take a left onto 1st St NW and the triplex will be on your left.
  • Latitude: 47.3783863034
  • Longitude: -94.6098846952
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Cass Lake
  • City and Location Text: Cass Lake(MN)
  • Postal Code: 56633
  • State Or Province: MN
  • Public Survey Township: 145
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 853441025
  • Tax Annual Amount: $1,264.00
  • Tax Legal Description: LOTS 12 THRU 14 BLK 10
  • Tax Other Annual Assessment Amount: $66.00
  • Tax Year: 2025
  • Tax With Assessments: 1330.0000
School Information
  • High School District: 115 - Cass Lake-Bena Schools
  • School District Number: 115
  • School District Phone: 218-335-2204
Property
Lot Information
  • Above Grade Fin SQFT: 3024.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 3024.0
  • Lot Size Area: 0.22
  • Lot Size Dimensions: 75.6x129.75.6x129
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • SQFT Main Total: 1008.0000
  • Building Area Total: 3024.0
  • Above Grade SqFt Total: 3024.0000
  • Below Grade SqFt Total: 0.0000
Property and Assessments
  • Age Of Property: 85
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1008.0
  • Fuel: Electric
Interior Features
  • Basement Type: Owner Access
  • DP Resource: Y
  • Garage Dimensions: 0
  • Garage Door Height: 0
  • Garage Door Width: 0
  • Garage Square Feet: 0
  • Heating: Baseboard
  • Levels: More Than 2 Stories
  • Basement YN: No
Multi Family
Unit 1
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 0.00
  • Unit Parking: 1
  • Unit Rooms Total: 4
  • Unit SqFt: 1000
  • Unit Type Actual Rent: $725.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Unit Level: Main Level
  • Unit Type Total Rent: 9000
  • Unit Furnished: No
Unit 2
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 0.00
  • Unit Rooms Total: 4
  • Unit SqFt: 1008
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Unit Level: 2nd Level
  • Unit Type Total Rent: 8700
  • Unit Furnished: No
Unit 3
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 0.00
  • Unit Rooms Total: 3
  • Unit SqFt: 1008
  • Unit Type Actual Rent: $550.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Level: Main Level
  • Unit Type Total Rent: 6600
  • Unit Furnished: No

Property History for 423 1st Street Northwest

DateEvent & SourcePriceAppreciation
Nov 12, 2025

Price Change

NorthStar #6786479

$120,000—
Oct 28, 2025

Price Change

NorthStar #6786479

$125,000—
Oct 2, 2025

Price Change

NorthStar #6786479

$130,000—
Sep 22, 2025

Price Change

NorthStar #6786479

$135,000—
Sep 15, 2025

Price Change

NorthStar #6786479

$145,000—
Sep 15, 2025

Listed (Active)

NorthStar #6786479

—
Sep 22, 2022

Off Market

NorthStar #6106252

—
Sep 27, 2021

Listed (Active)

NorthStar #6106252

$139,900—
DateEvent & SourcePrice
11/12/2025

Price Change

NorthStar #6786479

$120,000
10/28/2025

Price Change

NorthStar #6786479

$125,000
10/02/2025

Price Change

NorthStar #6786479

$130,000
09/22/2025

Price Change

NorthStar #6786479

$135,000
09/15/2025

Price Change

NorthStar #6786479

$145,000
09/15/2025

Listed (Active)

NorthStar #6786479

—
09/22/2022

Off Market

NorthStar #6106252

—
09/27/2021

Listed (Active)

NorthStar #6106252

$139,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 423 1st Street Northwest

Taxable ValueLand$5,300Additions$70,300Total$75,600
Tax Record2025$1,330 ($111 / month)
Home Facts
Beds0Total Finished SqFt1,336 SqFtAbove Grade Finished SqFt1,336 SqFtStories1StyleSingle Family ResidenceYear Built1940CountyCASSAPN85-344-1025

Schools near 423 1st Street Northwest

This home is within Cass Lake-Bena Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 7 to 12
Public - 9 to 12
Rating
School
Distance
Cass Lake-Bena Elementary School
PublicPK to 4

Cass Lake-Bena Middle School
Public5 to 8

Cass Lake-Bena Area Learning Center
Public7 to 12

Cass Lake-Bena Secondary
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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423 1st Street Northwest is a multi-family home for sale in Cass Lake, MN 56633. This property was listed for sale on September 15, 2025 by Real Broker, LLC, it's currently listed at $120,000. This listing's school district is Cass Lake-Bena Public Schools. Nearby schools include Cass Lake-Bena Elementary School, Cass Lake-Bena Middle School and Cass Lake-Bena Area Learning Center. 423 1st Street Northwest is a 0-bed, 0-bath, 3,024 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker, LLC

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/20/2025 02:17 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.