620 5th Ave
International Falls, MN · View the listing ↗
Photos courtesy of Exp Realty - Broker, via Realtor.com.
Needs more info before these numbers mean much. No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.
No rent estimate yet, so the numbers can't be run. Run it yourself in the calculator →
First look
A $100K triplex in International Falls looks cheap on paper, but the listing gives no rents, no expenses and no tax figure, and our rent estimates and underwriting are empty. That means the price can't be checked against income yet. The photos show dated interiors, a wall-mounted space heater in one unit, and an old-looking kitchen in another, so budget for work and don't trust 'turnkey'. Ask for the rent roll, leases, and 12 months of expenses first, and confirm the unit count and rental license, since the county record didn't match. Worth a showing only if the rents are documented and the heat and electrical check out.
Things to consider
- Income is unverified Without rents and expenses there is no way to tell whether $100K works at today's rates. Get the rent roll and 12 months of expenses before any offer.Listing says: “all three units currently rented”
- Interiors look dated and heating is unclear Old kitchens, baths and mixed heaters mean upgrades and higher repair costs. If the owner pays heat, margins will be thin.From photo 8
- Unit count and licensing unconfirmed The county record did not match, so verify three legal, licensed units before relying on triplex income.
- Basement unit idea needs legal check Adding a unit needs egress, code compliance and permits. Don't pay for it up front.Listing says: “excellent potential to finish and add an additional unit or expand income possibilities”
- Seller is the agent and the listing is sales-heavy Marketing language such as 'turnkey' and 'consistent cash flow' is not documentation. Verify every claim independently.Listing says: “Owner is a licensed real estate agent in the state of Minnesota.”
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
AI-assisted first read of the listing description and photos (Claude), checked against public records. Every rent and repair above quotes the listing; verify with the agent, leases and an inspection.
Red flags and opportunities
Watch for
- highNo rents, expenses or tax figures given, so income can't be verified Listing says: This well-positioned triplex offers strong income potential with all three units currently rented · AI review
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 620 5TH AVE
- mediumOwner is a licensed agent selling their own property; 'turnkey' claim is unsupported by the photos Listing says: Owner is a licensed real estate agent in the state of Minnesota. · AI review
- mediumUnfinished basement houses the utilities; the heating and electrical systems are undescribed Listing says: The property includes an unfinished basement housing utilities · AI review
- mediumHeating appears mixed or dated, with a baseboard in one unit and a standalone space heater in another Based on: photo 8 · AI review
Opportunities
- Finishing the basement into another unit could add income, but it needs egress, permits and a rental license Listing says: excellent potential to finish and add an additional unit or expand income possibilities · AI review
- In-unit washer and dryer on the main level supports retention Listing says: in-unit washer and dryer-highly desirable for long-term tenants · AI review
Questions for the agent
- What are the current rents and lease terms for each unit? Can you provide the rent roll and signed leases?
- What are the last 12 months of taxes, insurance, utilities and repairs, and who pays which utilities?
- What heats each unit, how old are the boiler or heaters and the electrical panel, and how many meters are there?
- Is the rental license current for three units, and is the basement legal as a living space?
- What are the ages of the roof, siding and windows?
- Why is the owner selling, and why has it sat 32 days?
Bottom line
Cheap price, but with no rents or expenses in the listing and dated interiors in the photos, treat it as unproven until the rent roll and systems check out. AI-assisted summary
What the records say
Where each number comes from
Price history Realtor.com
On the market since 2026-03-24 (195 days, relisted 1×); last sold for $55,000 on 2019-08-29.
| Date | Event | Price |
|---|---|---|
| Listed | $100,000 | |
| Removed | $100,000 | |
| Listed | $100,000 | |
| Sold public record | $55,000 | |
| Sold public record | $36,000 |
From the listing Listing
| Listed as | triplex |
| Property tax, 2025 | $1,039 |
| County | Koochiching |
| Parcel number | 9200759131 |
As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.
Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with International Falls on rental licensing before you buy.