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MLS: #7082979, Listed By: Christopher Nord, The Real Estate Company of Detroit Lakes, Source:FargoMoorhead Area Association of REALTORS

1311 Summit Avenue

Detroit Lakes, MN 56501

$950,000 $4,005/Mo

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Overview

Bed

Bath

6,892

Sqft

0.43

Acre(Lot)

Description

This one-of-a-kind 4-plex is perfectly situated within the 1st block of the Detroit Lake City Beach and The Heartland State Trail, directly across the street from People’s Park and just up the street from Zorbaz, not to mention Kent Freeman Arena, The Becker County Fairgrounds, MN Flyers Gymnastics, and more — offering unbeatable convenience and appeal for tenants. Extensive renovations have been completed on multiple units in recent years, featuring modern appliances, updated flooring, kitchen remodels, bathroom updates, new lighting, and thoughtful insulation improvements. The property continues to benefit from strong rental performance and has established itself as a reliable source of income. The 5-bed/3-bath unit is fully furnished and turnkey for immediate occupancy. The 2-bed unit will be vacant and available at the end of the month. Whether you’re an investor looking for steady cash flow or someone seeking to live in a unique multi-family property with strong upside and increasing value in a high-demand area for future development, this is truly a standout opportunity.

Property Details

Property Type : Residential Income

Price : $950,000

AD Id : 79611079

MLS Id : 7082979

Beds : 11

Lot Size : 0.43 Acre

Living Area Size : 6,892

Year Built : 1949

Garage : 2

County : Becker

Subdivision: None Available

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 11

Bathroom Information

Total Baths: 7

Room Information

Has Basement: Yes Basement: Partial, Partially Finished
Roofing Information

Asphalt, Shingle
Interior Features

Roof: Asphalt, Shingle Laundry Features: In Unit
Heating & Cooling

Has Heating: Yes Heating: Baseboard, Forced Air

Building Information

Year Built: 1949 Building Area Total: 7284 Construction Materials: Frame Stories: 2 Patio And Porch Features: Deck, Other, Side Porch Private Pool: No

Lot Information

Lot Dimensions: 150x125 Main Square Feet: 0.43 Acres Lot Size Acres: 0.43 Lot Size Square Feet: 18730.8

Property Information

Subdivision: Iversons Add Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 77

Listing Price Information

Listing Price: $950000 Cash, Conventional, FHA

Tax Information

Parcel Number: 491535000 Annual Tax: $8584

Garage Information

Has Garage: Yes Garage Space: 2

Location Information

Direction: West Lake to Summit Ave - Turn North at Zorbaz. 3 properties to the north of the vacant city lot on the East Side of the road. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
27096 Little Floyd Lake.., Detroit Lakes, MN, 56501	$610,000	4	2	1,248	1,248 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively 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. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 06/18/2026 @ 05:11

MLS: 7082979 LISTED BY: Christopher Nord, The Real Estate Company of Detroit Lakes 218-844-8008 SOURCE: FargoMoorhead Area Association of REALTORS