Three-Unit Apartment Building for Sale in Downtown Perham. This three-unit apartment building in the heart of downtown Perham is a strong investment opportunity in a growing community with consistent rental demand. Each unit features its own private entrance, giving tenants added privacy and a true at-home feel. Dedicated off-street parking adds everyday convenience and increases long-term tenant retention. The downtown location makes this property an easy rental option. Tenants can walk to local shops, restaurants, services, and employers. That central positioning helps reduce vacancy and keeps demand steady year-round. The sellers are related to the selling agent
Discover the perfect blend of comfort and convenience in this delightful two bedroom home nestled within blocks of Perham's bustling Main Street. With its warm wood siding, attached garage, and a basement offering extra space, this home promises comfortable living. Relax in the cozy living room overlooking the serene backyard or take a short stroll to nearby shops and restaurants. Don't miss this opportunity to own a piece of Perham charm!
Year
Property tax
Land + Additions
Assessment*
2026
$2,582 (−2.8%)
2025
$2,656 (−0.3%)
2024
$2,664 (+0.7%)
2023
$2,646 (+10.3%)
2022
$2,398 (−1.2%)
2021
$2,426 (+16.8%)
2020
$2,077 (+65.7%)
2019
$1,254 (+17.0%)
2018
$1,072 (+1.3%)
2017
$1,058 (+2.9%)
2016
$1,028 (+14.2%)
2015
$900 (+10.3%)
2014
$816
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
6,800 Sq. Ft.
Year renovated
1962
Finished Sq. Ft.
1,892
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,892
Year built
1955
Style
Single Family Residential
County
Otter Tail County
APN
77000990725000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 97° expected this year, 12 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Perham, MN • 56573
Average low and high temperatures (°F)
17
-1
23
5
42
21
51
32
67
45
74
56
78
61
76
59
74
55
60
42
39
27
24
8
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11.1 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 155 SW 4th
$321,694
$13K under list price of $335K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $200K to $395K.