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7124909

MLS 7124909 Residential (Active)


$298,500

401 1st Avenue SE
Pelican 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: Block
Fuel: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected
Roof: Architectural Shingle

Listing Status

Active
2026-08-12 13:38:33 Date Listed
2026-08-13 11:05:09 Last Update
2026-08-13 11:03:06 Last Photo Update
54 miles from our office

Contact Us About This Listing

info@affinityrealestate.com
15:1

Listed By : The Real Estate Company of Detroit Lakes

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