Lori Gustafson

5150 Sherman Drive Ne

Bemidji, MN
$ 349,900 Beds 4 Baths 3 Sq 2,640 Virtual Tour
Monthly Estimate* How much can I afford?

Riverfront property on the Lake Bemidji Chain! Tucked away in an extremely peaceful setting, this beautiful Mississippi River property spans 3.89 acres of towering pines, majestic oaks, maples, and producing apple trees. The land features a gentle slope leading directly down to your own river access, offering miles of navigable water with Lake Bemidji and Stump Lake just a boat ride away. The property features a spacious 5-bedroom, 3-bathroom rambler-style home with a walkout lower level and an attached double garage, plus an additional single detached garage for extra storage. Best of all, this property carries a RARE DUPLEX LICENSE, offering incredible versatility—live in one unit and let the other pay your mortgage, rent both as a high-yield income property, or easily utilize it as a grand single-family estate. While the home needs some cosmetic updates, the bones are excellent and the potential is unmatched. Bring your design ideas to life and build instant equity in a truly unbeatable location teeming with local wildlife.

Single Family

  • Price
  • $ 349,900
  • City
  • Bemidji
  • Bedrooms
  • 4
  • Full Bathrooms
  • 3
  • County
  • BELTRAMI
  • Half Bathrooms
  • 0
  • Area
  • Riverside Add
  • Lot Size
  • 4.04 Acres
  • Zip
  • 56601
  • Sqr Footage
  • 2,640
  • Year Built
  • 1993
  • Taxes
  • $ 4442
  • Style
  • Single Family
  • MLS#
  • 7148757
Listed By: Better Homes and Gardens Real Estate First Choice
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2640
Sewer Private Sewer
Heating Forced Air
Cooling Central Air
Garage Spaces 2
Year Built 1993
View River
Levels One
Property Subtype Single Family
Tax Year 2026
Waterfront Features River Front
Accessibility None
County Beltrami
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Riverside Add
Full Baths 2
Directions From downtown Bemidji take Paul Bunyan Dr S to 1st St E. Left on 1st St E to Lake Ave. Left on Lake Ave to Sherman Dr. Right on Sherman Dr to 5150 Sherman Dr NW. Property will be on your right.
City Bemidji
High School District Bemidji
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 4442
Additional Parcels Y/N No
Virtual Tour https://my.matterport.com/show/?m=chhqGLmgsJE&mls=1
Standard Status Active
Lender Owned No
PostalCity Bemidji

Interior Features

Basement Finished,Full
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 1320
3/4 Baths 1
Total Bedrooms 4
Below Grade Finished Area 1320
Total Baths 3
Fuel Natural Gas
Garage Dimensions 24x24
Garage Square Feet 576
Waterfront Feet 476

Exterior Features

Parking Features Attached Garage,Detached Garage
Water Source Private,Well
Lot Size Area 4.04
Building Area Total 2640
Lot Dimensions 160x1316x476x867
Waterfront Y/N Yes
Foundation Area 1320

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/23/2026 Listed $349,900

Property vs Zip Code Average in 56601

Price
AVG $410K
$350K
Taxes
AVG $4,221
$4,442
Year Built
AVG 1991
1993
Visits
AVG 132
16
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

5150 Sherman Drive Ne Bemidji, MN is a Single Family Home for sale at $349900 with 2640 sqft and a lot size of 4.04 Acres Acre(s). 5150 Sherman Drive Ne Bemidji has 4 bedrooms, 3 baths and was built in 1993. The property's zip code is 56601 which is in Bemidji, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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