700 E Summit Ave

Fergus Falls, MN 56537

$384,000
Price
5
Beds
4
Baths
4,216 Sq. Ft.
$91 / Sq. Ft.
4,216
Sq. Ft.
$91
per Sq. Ft.
Get preapproved with Rocket Mortgage1

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...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.
  1. Listed by Trilogy Real Estate

Property Details for 700 East Summit Avenue

Subdivision Name
North Division/Fergus Falls
Zoning Jurisdiction
Residential-Multi-Family,Residential-Single Family
LISTING UPDATED: 03/29/2026 07:24 PM

Property Details for 700 East Summit Avenue

StatusActive
MLS #7044870
Days on Compass32
Taxes$4,114 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1961
Lot Size0.39 AC / 16,857 SF
CountyOtter Tail County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Trilogy Real Estate
Add your commute

Building Information for 700 East Summit Avenue

Stories-Residences3Year Built1961Building Size-Lot Size0.39 AC / 16,857 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$2,276 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,934

Property Taxes

$343

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 700 East Summit Avenue

Summary
Location and General Information
  • City Name: Fergus Falls
  • County Or Parish: Otter Tail
  • County: Otter Tail-MN
  • Directions: Take Union Ave to East Summit Ave to property on the south side of the road.
  • Latitude: 46.285274
  • Longitude: -96.065102
  • Map Coordinate: 999-A1
  • City and Location: Fergus Falls
  • City and Location Text: Fergus Falls(MN)
  • Postal Code: 56537
  • State Or Province: MN
  • Public Survey Township: 133
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 71002990931000
  • Tax Annual Amount: $4,114.00
  • Tax Legal Description: SECT-35 TWP-133 RANGE-043 NORTH DIVISION LOT 1 BLK 21 & N1/2 OF VAC ALLEY ADJ & E1/2 VAC ARLINGTON ST ADJ
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 4114
School Information
  • High School District: 1944 - Fergus Falls
  • School District Number: 1944
  • School District Phone: 2189980544
Property
Lot Information
  • Above Grade Fin SQFT: 2228.0
  • Below Grade Fin SQFT: 1988.0
  • SQFT Total: 4216.0
  • Living Area Units: Square Feet
  • Lot Features: Tree Coverage - Light
  • Lot Size Area: 0.387
  • Lot Size Dimensions: 75 x 142
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • SQFT Main Total: 2228
  • Building Area Total: 4456.0
  • Above Grade SqFt Total: 2228
  • Below Grade SqFt Total: 2228
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Grab Bars In Bathroom
  • Foundation Area: 2228.0
  • Fuel: Electric,Natural Gas
  • Pool Features: None
  • Road Frontage Type: City Street, Paved Streets, Sidewalks
  • Road Responsibility: Public Maintained Road
  • Roof: Asphalt
Interior Features
  • Basement Type: Block, Egress Window(s), Finished, Full, Single Tenant Access
  • Bathrooms Total Count: 4
  • Bedrooms Total: 5
  • DP Resource: Yes
  • Garage Dimensions: 12 x 20
  • Garage Square Feet: 240
  • Heating: Baseboard, Boiler
  • Laundry Features: In Unit
  • Levels: One
  • Number of Refrigerator: Four
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Amenities: Ceiling Fan(s), Washer/Dryer Hookup
  • Unit Appl: Dishwasher, Dryer, Water Heater - Electric, Range, Refrigerator, Washer
  • Unit Bath 3Qtr: 1
  • Unit Bath Description: 3/4 Basement, Main Floor Full Bath
  • Unit Bath Full: 1
  • Unit Cool System: Ductless Mini-Split
  • Unit Monthly Expenses: 262
  • Unit Fireplace Location: Electric
  • Unit Fireplace Num: 1
  • Unit Parking: 1
  • Unit Rooms Total: 11
  • Unit SqFt: 1456
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Dining Room Description: Separate/Formal Dining Room
  • Family Room Features: Lower Level, Main Level
  • Unit Is Leased: Y
  • Unit Level: Multi-Level
  • Unit Type Total Rent: 400
  • Unit Furnished: Unfurnished
Unit 2
  • Unit Amenities: Ceiling Fan(s)
  • Unit Appl: Dishwasher, Dryer, Water Heater - Electric, Range, Refrigerator, Washer
  • Unit Bath Description: Main Floor Full Bath
  • Unit Bath Full: 1
  • Unit Cool System: None
  • Unit Monthly Expenses: 100
  • Unit Parking: 1
  • Unit Rooms Total: 5
  • Unit SqFt: 1104
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Dining Room Description: Kitchen/Dining Room
  • Family Room Features: Main Level
  • Unit Is Leased: Y
  • Unit Level: Multi-Level
  • Unit Type Total Rent: 550
  • Unit Furnished: Unfurnished
Unit 3
  • Unit Amenities: Ceiling Fan(s), Washer/Dryer Hookup
  • Unit Appl: Dishwasher, Dryer, Water Heater - Electric, Range, Refrigerator, Washer
  • Unit Bath Description: Full Basement
  • Unit Bath Full: 1
  • Unit Cool System: None
  • Unit Monthly Expenses: 100
  • Unit Rooms Total: 5
  • Unit SqFt: 800
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Dining Room Description: Eat In Kitchen
  • Unit Is Leased: Y
  • Unit Level: Below Ground
  • Unit Type Total Rent: 500
  • Unit Furnished: Unfurnished

Property History for 700 East Summit Avenue

DateEvent & SourcePriceAppreciation
Mar 28, 2026

Price Change

NorthStar #7044870

$384,000—
Mar 28, 2026

Listed (Active)

NorthStar #7044870

—
DateEvent & SourcePrice
03/28/2026

Price Change

NorthStar #7044870

$384,000
03/28/2026

Listed (Active)

NorthStar #7044870

—

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

Public Records for 700 East Summit Avenue

Taxable ValueLand$21,700Additions$355,400Total$377,100
Tax Record2025$4,114 ($343 / month)
Home Facts
Total Finished SqFt2,936 SqFtAbove Grade Finished SqFt1,056 SqFtFinished Basement SqFt1,880 SqFtStories1StyleDuplexYear Built1961CountyOTTER TAILAPN71002990931000

Schools near 700 East Summit Avenue

This home is within Fergus Falls Public School District.
Rating
School
Type
Grades
Distance
McKinley Elementary School
Public - 1 to 3
iQ Academy 6-8
Public - 6 to 8
Kennedy High School
Public - 9 to 12
Adams Elementary School
Public - 1 to 3
Rating
School
Distance
McKinley Elementary School
Public1 to 3

iQ Academy 6-8
Public6 to 8

Kennedy High School
Public9 to 12

Adams Elementary School
Public1 to 3

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.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 700 East Summit Avenue, Fergus Falls, MN 56537

700 East Summit Avenue is a multi-family home for sale in Fergus Falls, MN 56537. This property was listed for sale on March 28, 2026 by Trilogy Real Estate, it's currently listed at $384,000. This listing's school district is Fergus Falls Public School District. Nearby schools include McKinley Elementary School, iQ Academy 6-8 and Kennedy High School. 700 East Summit Avenue is a 5-bed, 4-bath, 4,216 sqft multi-family home built in 1961.

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 Trilogy Real Estate

Based on information submitted to the MLS GRID as of 03/29/2026 07:24 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.