MLS: #7124909, Listed By: Grant Briard, The Real Estate Company of Detroit Lakes, Source:FargoMoorhead Area Association of REALTORS
401 1st Avenue
Pelican Rapids, MN 56572
6
Bed
3
Bath
3,400Sqft
0.28Acre(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 3Room Information
Has Basement: Yes Basement: Block, Concrete -
Roofing Information
Shingle -
Interior Features
Roof: Shingle Laundry Features: In Garage -
Heating & Cooling
Has Heating: Yes Heating: Baseboard, Forced Air
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Building Information
Year Built: 1959 Building Area Total: 2200 Stories: 1 Patio And Porch Features: Patio Private Pool: No
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Lot Information
Lot Dimensions: 120x110 Main Square Feet: 0.28 Acres Lot Size Acres: 0.28 Lot Size Square Feet: 12196.8 Lot Description: Corner LotProperty Information
Subdivision: Frazees 4th Add Source Property Type: Residential Income Postal Code Plus 4: 4327 Property SubType: Triplex Levels: One Property Age: 67
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Listing Price Information
Listing Price: $298500 Cash, Conventional
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Tax Information
Parcel Number: 76000990506001 Tax Year: 2026 Annual Tax: $3263 Tax Legal Desc: SECT-27 TWP-136 RANGE-043 FRAZEE'S 4TH ADDN LOTS 1, 2 & WLY 5' OF 3 BLK 2 & ELY 8' VAC ST ADJ.
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Garage Information
Has Garage: Yes Garage Space: 2Homeowners Association InformationAssociation Amenities: Laundry, Elevator(s)
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Location Information
Direction: Kitty corner from the pool and across the road from the church off of Hwy 108 WaterSource: Public
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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 08/17/2026 @ 14:23
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