401 1st Se Avenue, Pelican Rapids, Minnesota 56572

MN, Pelican Rapids
$289,500
  • 6 Beds
  • 3 Bath
  • Residential Income Property Type
  • 1959 Year Built
  • Active Status
See All 15 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

Investment opportunity! Updated 3 unit Income property located just down from the pool in Pelican Rapids. A total of 3400 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.

Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 7124909
  • Price: $289,500
  • Year Built: 1959
  • Listing Status: Active
  • Office Name: The Real Estate Company of Detroit Lakes
  • Property Sub Type: Triplex
  • Roof: Architectural Shingle
Features
  • Heating System Forced Air,Baseboard
  • Basement Block
  • Exterior Features Cement Board
  • Laundry Features In Garage
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State MN
  • County Otter Tail
  • City Pelican Rapids
  • Zipcode 56572
  • Street: 1st
  • Street Number: 401
  • Street Suffix: Avenue
  • Longitude: W97° 55' 21.5''
  • Latitude: N46° 34' 8.4''
  • Directions: Kitty corner from the pool and across the road from the church off of Hwy 108
  • Street Dir Suffix: SE
Neighborhood
  • High School District: Pelican Rapids
MLS Addon
  • Office Name: The Real Estate Company of Detroit Lakes
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Association Amenities: Laundry,Patio
  • Building Size: 4400
  • Foundation Details: Block
  • Garage: 2
  • Levels: One
  • Lot Features: Corner Lot
  • Lot Size Dimensions: 120x110
  • Number Of Units Total: 3
Financial
  • Tax Annual Amount: 3263
Listing Information
  • List Agent Mls Id: 498000569
  • List Office Mls Id: 49819
  • Modification Timestamp: 2026-09-17T20:48:06Z
  • Originating System Name: NorthStar
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