$3,088 Closing Credit¹
#6590970, Sarah Erickson, Listing Office: REAL (1531 FGO)
$259,500 List price
202 16th St S Moorhead, MN 56563
$3,082
Closing credit¹
6 beds
4 baths
3,282 sqft
0.2 acres
$79 / sqft
Multi-Family
Property details
About 202 16th St S
Welcome to this exceptional investment opportunity located close to Minnesota State University Moorhead (MSUM). This well-maintained 4-plex features two 2-bedroom units and two 1-bedroom units, generating a total monthly rental income of $2,500 with low monthly owner expenses. Tenants pay for their own heating and electricity, ensuring cost-efficient management for the owner. Situated on a desirable corner lot, this property boasts four new water heaters and renovated common areas. With its prime location near MSUM, ample parking, and easy access to local amenities, this 4-plex offers excellent value. Don't miss out on this fantastic investment opportunity!
Highlights
Home typeMulti Family
HeatingForced Air
StatusActive
Size3,282 sqft
Lot size0.24 Acres
Year built1951
MLS #6555900
Summary
- MLS Number: 6555900
- MLS Name: FMR
- Office Name: eXp Realty (3523 FGO)
- Office Phone: (612) 751-9303
- Office Email: michelle.larson-hoppe@exprealty.net
- Listing Agent: Adam Lockwood
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the RMLS. Real estate listings other than this broker are marked with the Broker Reciprocity logo and the view of detailed information about them includes the name of the listing broker. Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. All property listing data is Copyright 2001-2025 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS® RMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/1/2024, 10:10:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$259,500
202 16th St S
$3,082
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 23, 2022 | Home Sold | $245,000 |
| Jun 01, 2021 | Home Sold | $238,000 |
| May 07, 2019 | Home Sold | $205,000 |
| Dec 08, 2017 | Home Sold | $180,000 |
| Sep 28, 2015 | Home Sold | $35,500 |
| Oct 10, 2006 | Home Sold | $131,921 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $207,200 | $3,578 |
| 2023 | $209,600 | $3,444 |
| 2022 | $201,000 | $3,158 |
| 2021 | $185,900 | $3,152 |
| 2019 | $178,400 | $3,034 |
| 2018 | $170,200 | $2,904 |
| 2017 | $153,400 | $2,638 |
History based on county public records data.
Nearby schools
3
Probstfield Elementary School
Public District KG-4
0.8 mi
•2
Robert Asp Elementary School
Public District KG-4
0.9 mi
•910 11th St N
6
Ellen Hopkins Elementary School
Public District KG-4
1.3 mi
•2020 11th St S
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $25,000. The most common annual income of people living in Moorhead, MN is less than $<35k. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
59%
<35k
35%
35k-100k
6%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
64%
Single, No Kids
13%
Single, with Kids
11%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
42%
18-34 yrs old
32%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Wrestling
Pro Boxing
Where do the neighbors shop?
Books-a-Million
Burlington
Forever 21
Where do the neighbors go to eat?
Church's Chicken
Cicis Pizza
Popeyes
What do the neighbors drive?
Toyota
Pontiac
Dodge
What do the neighbors listen to?
Adult Hits
Urban Contemporary- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Moorhead, MN
About 202 16th St S
This home is located at 202 16th St S in Moorhead, MN and zip code 56560. This 3,282 square foot home, which was built in 1951, sits on a 0.24 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 21, 2024 and is currently priced at $259,500.
While more than 12 listings in Moorhead, MN in March 2025 were sold above asking price, there were more than 7 listings sold at asking price, and more than 12 were sold below. Between February and March 2025, Moorhead, MN real estate market has seen increase in the number of listings by 10.4%. While the average time on the market in March 2025 was 61 days, the median list price was $265,000.
From Rocket Homes Real Estate and based on county public records data.