401 1st Avenue Se, Pelican Rapids, MN 56572

Pelican Rapids
Local realty services provided by:ERA Viking Realty
401 1st Avenue Se,Pelican Rapids, MN 56572
$298,500
  • 6 Beds
  • 3 Baths
  • 3,400 sq. ft.
  • Multi-family
  • Active
Listed by: grant briard
Office: the real estate company of detroit lakes
MLS#:7124909
Source:NSMLS

Price summary

  • Price:$298,500
  • Price per sq. ft.:$135.68

About this home

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.

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Home facts

  • Year built:1959
  • Subdivision & Development:Frazees 4th Add
  • Listing ID #:7124909
  • Added:1 day(s) ago
  • Updated:August 14, 2026 at 12:33 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Basement:Yes
  • Basement Description:Block
  • Living area:3,400 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Year built:1959
  • Building area:3,400 sq. ft.
  • Lot area:0.29 Acres
  • Lot Features:Corner Lot
  • Exterior Features:Patio
  • Levels:1 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$298,500
  • Price per sq. ft.:$135.68
  • Tax amount:$3,263 (2026)

Parking

  • Garage:Yes
  • Garage spaces:2
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is 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.

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