6 months on rocket

202 16th St S, Moorhead, MN, 56563

$259,500

Home List Price

$3,082*

Closing Credit

6 Bedrooms
4 Baths
3,282 SqFt
$79/SqFt
Multi

Location

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202 16th St S, Moorhead$259,500

Buyer Closing Credits

$3,082*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1951
HeatingForced Air
MLS #6555900
Lot Size0.24 Acres
StatusActive

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!

Property Details

Property Features

Property Information:

  • Architectural Style: (MF) Four Plex
  • Year Built: 1951
  • Living Area: 3,282 SqFt

Listing Office:

  • Office Name: eXp Realty (3523 FGO)
  • Office Phone: (612) 751-9303
  • Listing Agent: Adam Lockwood

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Lot Features

Lot Information:

  • Lot Size: 0.24 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Heading east on Main Ave. turn South at 16th St. S.

Price Information

Listing Price Info

Price Summary:

  • List Price: $259,500
  • Price Per SqFt: $79/SqFt

Tax Information:

  • Annual Amount: $3,152
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Moorhead, MN.

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Moorhead, MN

City

Med. Sold Price

$265K

Med. Price/SqFt

$135

Avg. Days On Market

48

# of Sold Homes

59

202 16th St S vs Moorhead

184 DAYS ON ROCKET

+136 Days

$259,500

-$5.5K Less

$79/SqFt

-$56 Less

KEY TAKEAWAY

This property is $5.5K less than the Median Sold Price and $56/SqFt less than other homes in Moorhead, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: FMR
  • MLS Number: #6555900

Listing Office:

  • Office Name: eXp Realty (3523 FGO)
  • Office Phone: (612) 751-9303
  • 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 2001-2024 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.

Property Sales & Tax

Listing History

Jun 01, 2021Home Sold
$238,000
May 07, 2019Home Sold
$205,000
Sep 28, 2015Home Sold
$35,500
Oct 10, 2006Home Sold
$131,921

Tax History

YEARPROP. TAXASSESSMENT
2021$3,152$185,900
2019$3,034$178,400
2018$2,904$170,200
2017$2,638$153,400

History based on county public records data.

Payment Calculator

$1,363

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$844

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-934557
2
/10

  • Robert Asp Elementary School

  • 910 11th St N

  • 0.91 miles

  • Public District Grades KG-4

school-card-donut-934558
6
/10

  • Ellen Hopkins Elementary School

  • 2020 11th St S

  • 1.30 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,000. Most Moorhead, MN residents have annual incomes less than $35k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Moorhead, MN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Moorhead, MN?

Moorhead's housing market is characterized by a diverse array of options, with single-family homes being a significant component. The architectural styles in Moorhead vary, with a mix of traditional and contemporary designs that reflect the town's growth and evolving tastes. While the majority of homes are owner-occupied, there is also a substantial portion of the population that rents, providing a balance between homeownership and rental opportunities.

Is Moorhead, MN a good place to live?

Moorhead is celebrated for its community-oriented atmosphere and cultural richness. The town prides itself on its local events, including the annual Greater Moorhead Days, which showcases the community spirit and local talents. The character of Moorhead is further defined by its scenic parks and commitment to maintaining a family-friendly environment.

Are things conveniently located in Moorhead, MN?

The community is served by a robust educational system, including several public schools that cater to different age groups, as well as private educational options. Healthcare services are accessible, with clinics and a regional hospital that offer a range of medical services. Moorhead also features a public library system that supports the community's educational and informational needs. Retail and dining establishments in Moorhead reflect the local culture, offering both familiar and unique culinary experiences.

What does the transportation in Moorhead, MN look like?

Moorhead's transportation infrastructure includes a network of roads and highways that connect residents to nearby cities and amenities. Public transit options are available, providing residents with alternatives to private vehicle use. The town also emphasizes walkability in certain areas, making it convenient for residents to navigate local services and attractions on foot. Additionally, bike paths and lanes are present, encouraging a healthy and eco-friendly mode of transportation.

Rocket Homes›Minnesota›Clay County›Moorhead›56563›202 16th St S

This home is located at 202 16th St S in Moorhead, MN and zip code 56563. 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.

In November 2024, from all listings sold in Moorhead, MN there were more than 18 sold above asking price, over 26 sold below and more than 15 were sold right at the asked price. In November 2024 in Moorhead, MN there were 23.1% less homes for sale than in October 2024. In November 2024, listings were on the market for 48 days. During the same period, the median list price in this real estate market was $265,000.

From Rocket Homes Real Estate and based on county public records data.

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