Affinity Real Estate in Park Rapids MN
1
/15
MLS 7124909
Residential 6 bedrooms 3.00 baths
Pelican Rapids MN 56572
Residential 6 bedrooms 3.00 baths
$298,500
401 SE 1st AvenuePelican Rapids MN 56572
Investment opportunity! Updated 3 unit Income property located just down from the pool in Pelican Rapids. A total of 3600 sq ft. of income. One 1200 sq.ft Unit downstairs(2 bed 1 bath), and two units upstairs, one being an efficiency, (1600sq. ft(3 bed 1 bath) & 600 sq. ft(1 bed 1 bath)). A near 10% cap rate makes this property a great addition to your investment portfolio.
Additional Details
| Year Built: | 1959 |
| Living Area: | 3400 sf |
| Bedrooms: | 6 |
| Bathrooms: | 3 |
| Acres: | 0.287 Acres |
| Lot Dimensions: | 120x110 |
| Garage Spaces: | 2 |
| School District: | 548 |
| Subdivision: | Frazees 4th Add |
| County: | Otter Tail |
| Taxes: | $3,263 |
| Taxes with Assessments: | $3,348 |
| Tax Year: | 2026 |
Additional Features
Basement: BlockFuel: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected
Roof: Architectural Shingle
Listing Status
Active2026-08-13 15:40:20 Date Listed
2026-08-13 15:40:20 Last Update
2026-08-13 15:40:20 Last Photo Update
Listed by The Real Estate Company of Detroit Lakes
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Affinity Real Estate Inc
600 Park Avenue South / PO Box 512
Park Rapids, MN 56470
218-237-3333
©2025 Affinity Real Estate Inc - Licensed in MN
216.73.217.151
Affinity Real Estate in Park Rapids MN