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1406 24th Ave S, Moorhead, MN, 56560

5beds
4baths
2,696sqft
$255,000
$95price/sqft
$2,087/moest. monthly cost
$83,480/yrincome needed

About This Home

Fantastic multi-family home located in an established South Moorhead neighborhood! This home would be a great owner-occupied or rent all 3 units! The main floor unit includes a large living room, spacious dining room + kitchen, 3 bedrooms, and 2 bathrooms. Unit 2 and 3 both have 1 bedroom and 1 full bathroom. All separate entrances with shared laundry in the basement. Detached 2 car garage and a fully fenced yard make this a great opportunity! Take a look today! Unit 1: Leased for $1,395 Unit 2: Vacant Unit 3: Leased for $500 month to month. Been there since 2018 Unit 1 pictures available upon request. Tenant didn't want them on the listing. Could be a good house hack. Or get the rents up to market rates as a strict investment.

Getting Around

47
WalkingCar-Dependent
0
TransitVery Limited Transit
50
BikeBikeable

Schools

5/10
Horizon Middle SchoolGrades 5-81.9 mi
7/10
Moorhead High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1962

Type & Style

  • Home type: MultiFamily
  • Property subType: Triplex

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Concrete

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4

Features

  • Finished area below ground: 1,273
  • Finished area above ground: 1,348

Heating

  • Heating features: Baseboard,Hot Water

Interior Area

  • Total structure area: 2,696
  • Total interior livable area: 2,696 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 588050820
  • Zoning description: Residential-Multi-Family,Residential-Single Family
  • Foundation area: 1348

Features

  • Levels: Four or More Level Split
  • Patio & porch: Patio
  • Fencing: Full

Lot

  • Lot size: 10,454 sqft
  • Lot size dimensions: irregular

Parking

  • Total spaces: 2
  • Parking features: Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Strong Wind
Hail
Inland Flooding
Tornado

FEMA Declared Disasters in Clay County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,289$15,468
Home Insurance *$183$2,196
Property Taxes $388$4,656
Electricity $227$2,728
Total$2,087$25,044
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$71,554/yr
40% on housing$62,610/yr
45% on housing$55,653/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.0%
11.0%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 2.4%
2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$95This listing

vs Other Active Listings

Avg $/sqft

ZIP 56560$136
Clay County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 56560
Clay County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-12Price change$269,900
2026-04-09Price change$272,500
2026-03-26Listed for sale$275,000
2018-03-08Listing removed$1,200
2017-09-28Price change$1,200
2017-09-13Listed for rent$1,250
2017-09-07Sold$218,000
2017-06-16Listed for sale$225,000
2007-12-06Sold$168,000

For Sale by Agent

AgentMason Peterson
BrokerageREAL (3961 WF)

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