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Street View
$289,500
Monthly Est:$1,441
6 Beds
- 3 Baths
3,400sqft
401 1st Avenue SE, Pelican Rapids, MN 56572
$289,500
$1,441/moEst:
Get Pre-Approved
Triplex
Built in 1959
$-- HOA
0.29 acre lot
$85/sq.ft
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.
- Houzeo last checked: 4 hours ago
- Listing updated: September 17, 2026 at 8:48 pm
- Listing Provided by: Grant Briard (218) 850-8212 | The Real Estate Company of Detroit Lakes (218) 844-8008
- Source: Northstar MLS-MN | MLS#: 7124909

Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1959
HOA Fees
-
Finished Area
3,400 sqft
Lot Size
0.29 acre lot
Basement Area
- sqft
MLS Name
Northstar MLS
MLS Number
7124909
Days on Market
39

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Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 3
Interior
Sewer
City Sewer/connected
Heating
Baseboard, Forced Air
Exterior Features
Cement Board
Construction
Year Built
Year Built: 1959
Home type
Triplex
Foundation Details
Block
Roof
Architectural Shingle
Utilities & Energy
Water Source
City Water/connected
Basement
Block
Association Amenities
Laundry, Patio
Laundry Features
In Garage
Other Features
Subdivision Name
Frazees 4th Add
Tenant Pays
Electricity, Gas, Sewer, Water
Lot Features
Corner Lot
Price History
| Date | Event | Price |
|---|---|---|
09/17/2026 Source: | Listed for Sale | $289,500 $85/sqft |
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Based on information submitted to the MLS GRID from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC through Sep 21, 2026, 05:02PM. IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. All data is obtained from various sources and may not have been verified by the 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.
Information deemed reliable but not guaranteed. The property data presented reflects information otherwise available from public records. The real estate broker participating in MLS and providing this information may not have represented the buyer or seller in some or all of the transactions. Listings courtesy of Northstar MLS as distributed by MLS GRID. © 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Advertising Broker: Moe Mossa (Savvy Avenue) | Savvy Avenue, LLC
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