Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
6 Beds
3 Baths
3,400 sqft

$289,500

401 1st Avenue SE, Pelican Rapids MN, 56572

Price per sqft$85.15
Built in1959
Property size3,400 sqft
Property typeMulti-family
Courtesy of The Real Estate Company of Detroit Lakes, Grant Briard Listing Contact:

Overview

Active

Listed Aug 12, 2026

Updated 6h ago

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.

$1,926/mo

Est. mortgage payment based on a $289,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7124909

Interior Features

Bedrooms
6
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.29 Acres

Other Property Details

Taxes
$3,263
Tax Frequency
Annually
Maintenance Expense
$1,000
Garage
Yes
MLS provider logo

Listings courtesy of Northstar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Stephen Sweere shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 3:42 AM UTC on 9/18/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

©2026 Northstar MLS . All rights reserved.

DMCA Notice

Powered by Luxury Presence