For Sale
House for sale at 401 1st Avenue SE, Pelican Rapids, MN 56572 | MLS# 7124909 | Listing updated on 2026-09-17
Photo 1 of House for sale at 401 1st Avenue SE, Pelican Rapids, MN 56572 | MLS# 7124909 | Listing updated on 2026-09-17
Photo 2 of House for sale at 401 1st Avenue SE, Pelican Rapids, MN 56572 | MLS# 7124909 | Listing updated on 2026-09-17
Photo 3 of House for sale at 401 1st Avenue SE, Pelican Rapids, MN 56572 | MLS# 7124909 | Listing updated on 2026-09-17
Photo 4 of House for sale at 401 1st Avenue SE, Pelican Rapids, MN 56572 | MLS# 7124909 | Listing updated on 2026-09-17
11+
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Street View

$289,500

Monthly Est:$1,441

  • Beds Icon6 Beds
  • Beds Icon
    3 Baths
  • Beds Icon3,400sqft

401 1st Avenue SE, Pelican Rapids, MN 56572

$1,441/moEst:

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  • 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 Northstar MLS-MN

Part of

Building
401 1st Ave SE
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Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    -

  • County

    Otter Tail County

  • City

    Pelican Rapids

  • 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

DateEventPrice

09/17/2026

Source: mls_logoNorthstar MLS-MN #NST7124909

Listed for Sale

$289,500

$85/sqft

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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