$1,639 Closing Credit¹
#6558612, Brian Tjaden, Listing Office: Trilogy Real Estate
$114,900 List price
517 Cavour Ave Fergus Falls, MN 56537
$1,364
Closing credit¹
1,992 sqft
$58 / sqft
Multi-Family
Property details
About 517 Cavour Ave
Investor alert! This cash-flowing triplex in the heart of town is a rare find, exceeding the 1% rule with room to grow! Unit 1 is a spacious 2-bed, 1-bath on the main floor, while Units 2 and 3 are 1-bed, 1-bath upstairs. Shared laundry in the basement adds convenience for tenants. Rents are below market, and with all utilities (except electric) included in rent, there’s an opportunity to boost income. Prime location near schools and shops ensures strong rental demand. Don’t miss this chance to add a high-performing asset to your portfolio!
Highlights
Home typeTriplex
HeatingForced Air
StatusActive
Size1,992 sqft
BasementYes
Year built1890
ParkingGravel
MLS #6658472
Summary
- MLS Number: 6658472
- MLS Name: NORTHSTAR
- Office Name: Central MN Realty LLC
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$114,900
517 Cavour Ave
$1,364
closing credit¹
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0.5% sale price²
Price information
Property sales
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Tax history
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Nearby schools
8
Cleveland Elementary School
Public District 2-4
0.8 mi
•919 Northern Ave
7
Underwood Elementary School
Public District PK-6
10.1 mi
•100 Southern Ave E
4
Rothsay Elementary School
Public District PK-6
16.7 mi
•2040 County Road 52
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 $42,788. The majority of Fergus Falls, MN residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
42%
<35k
49%
35k-100k
9%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
16%
Single, with Kids
25%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
7%
12-17 yrs old
28%
18-34 yrs old
35%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
Figure Skating
NASCAR
Where do the neighbors shop?
Academy Sports & Outdoors
Kmart
Dollar General
Where do the neighbors go to eat?
Little Caesars
Bob Evans
Cracker Barrel
What do the neighbors drive?
Chevrolet
Buick
Ram
What do the neighbors listen to?
Country
Oldies- Classic Country
All data provided by Home Junction and Claritas
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This home is located at 517 Cavour Ave in Fergus Falls, MN and zip code 56537. This 1,992 square foot home was built in 1890. Features: 0 bathroom. It has been listed on Rocket Homes since February 12, 2025 and is currently priced at $114,900.
In February 2025, from all listings sold in Fergus Falls, MN there were more than 1 sold above asking price, over 4 sold below and more than 2 were sold right at the asked price. In February 2025 in Fergus Falls, MN there were 14.5% more homes for sale than in January. In February 2025 median list price was $236,500 and the average listing age was 59 days.
From Rocket Homes Real Estate and based on county public records data.