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    Pelican Rapids, MN
    Apartment Building

    Pelican Rapids, MN Apartment Buildings for Sale

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    5-Unit Apartment Building
    Updated: Apr 1
    5-Unit Apartment Building

    123 S Broadway, Pelican Rapids, MN 56572

    $375,000
    6,468 sqft
    Five apartments: three 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
    6,468‑square‑foot building constructed in 1900
    Private laundry and a garage for each unit
    Updates completed in Unit 1
    Business/Commercial zoning
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    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    1 active listing matches your search: Apartment Building for sale in Pelican Rapids, MN. Based on your search, we've also compiled 5 Potential Opportunities for your consideration: 4 properties in nearby cities and 1 off-market property to explore as potential leads.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    24-Unit Apartment Building
    24-Unit Apartment Building

    1401 27th Ave S, Fargo, ND 58103

    $1,800,000
    24,872 sqft

    Apartment property offers a balanced one- and two-bedroom mix with 24 garage units and access to nearby healthcare, shopping, and interstate routes.

    View details
    5-Unit Apartment Building with Garage
    5-Unit Apartment Building with Garage

    1024 7th Street N, Fargo, ND 58102

    $400,000
    3,456 sqft

    Fully rented residential property with a six-stall garage and a mix of one- and two-bedroom apartments.

    View details
    Updated Apartment Buildings
    Updated Apartment Buildings

    1301 20th St S, Moorhead, MN 56560

    $850,000

    Three neighboring apartment buildings offer flexible acquisition as a group or individually.

    View details
    48-Unit Apartment Building Portfolio
    48-Unit Apartment Building Portfolio

    1509 20th St, Moorhead, MN 56560

    Contact for pricing
    20,400 sqft

    Two adjacent buildings provide a residential income property near Moorhead State University.

    View details

    Off-Market Properties in Pelican Rapids, MN

    Consider similar Off-Market properties in Pelican Rapids, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    709 Broadway
    APARTMENT HOUSE (5+ UNITS)

    709 Broadway, Pelican Rapids, MN 56572-4159

    Estimated value:
    $230,000
    1,223 sqft 0.51 AC lot
    View details

    Pelican Rapids, MN Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Pelican Rapids, MN on our real estate platform. These investment opportunities span a total of 6,468 square feet of properties for sale, with an estimated market value of $375,000.

    Sale prices for apartment complexes in Pelican Rapids, MN average $375,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 5,900
    Population Growth (5Y) +11.1%
    Median Household Income $83,631
    College Educated 38.4%

    Taxes & Financing

    Tax Rate (average for all types) 2.80%
    Property Tax per SF $22.30 per SF
    Tax Rate vs County Average 0.53 pp above county avg
    Average Loan-to-Value 65.0%

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