401 1st AVE SE, Pelican Rapids, MN 56572
401 1st AVE SE, Pelican Rapids, MN 56572
401 1st AVE SE, Pelican Rapids, MN 56572
401 1st AVE SE, Pelican Rapids, MN 56572
401 1st AVE SE, Pelican Rapids, MN 56572
401 1st AVE SE, Pelican Rapids, MN 56572
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Shawn Murphy, GRI, SRES

Shawn Murphy, GRI, SRES

+1(888) 983-2544
$ 298,500
Est. payment | /mo

6 Beds

3 Baths

3,400 SqFt

Save
$ 298,500
Est. payment | /mo
Save

6 Beds

3 Baths

3,400 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,400 sqft

Price per Sqft $87

Subdivision Frazees 4Th Add

MLS Listing ID 7124909

Bedrooms 6

Year Built 1959

Annual Tax Amount $3,263

Tax Year 2026

Contingent None

Lot Size 0.287 Acres

Lot Dimensions 120x110

Property Sub-Type Triplex

Property Description

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.

Location

State MN

County Otter Tail

Zoning Residential-Single Family

Rooms

Basement Block

Interior

Heating Baseboard, Forced Air

Fireplace No

Laundry In Garage

Exterior

Garage Spaces 2.0

Roof Type Architectural Shingle

Building

Lot Description Corner Lot

Story One

Foundation 2200

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One

New Construction false

Schools

School District Pelican Rapids

Listed by Grant Briard • The Real Estate Company of Detroit Lakes
Nearby Locations
Shawn Murphy, GRI, SRES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(888) 983-2544

srmurphy@ferndalerealty.com

6230 Highway 65 NE, Minneapolis, MN, 55432, USA

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401 1st AVE SE