5-Unit Apartment
123 S Broadway, Pelican Rapids, MN 56572
For Sale
$375,000
All five residences have individual laundry facilities and garages.
Property Size6,468 SF
Price / SF$57.98
Days on Market224
Property Features for 123 S Broadway
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
REMAX Lakes Region
(218) 844-5253
Listed By:
Eric Lundmark
(218) 849-0383
Source:
Homecrownrealty
Added: Apr 1
Changed: Nov 7
Last Checked: Nov 9 at 5:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX Lakes Region
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Investment Insights
Based on property information with market context.
This 6,468-square-foot apartment building contains five units: three with two bedrooms and one bathroom, and two with one bedroom and one bathroom. Each unit has its own laundry and garage. Updates to Unit 1 have been completed. The building was constructed in 1900 and is zoned Business/Commercial.
The property is at 123 S Broadway in Pelican Rapids, within Otter Tail County’s Lakes Country. No units are vacant.
The property is at 123 S Broadway in Pelican Rapids, within Otter Tail County’s Lakes Country. No units are vacant.
Key Highlights
- 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
Property Analytics
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Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
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Business Placement
Demographics for 56572, MN
5,747
Population
4,191
Households
1.4
Avg Household Size
46
Median Age
29%
College-Educated
89%
High-School Grad
171.4 sq mi
ZIP Area
34
Density / Sq Mi
$83,631
Median Household Income
$47,311
Median Earnings
$412
Median Rent
$291,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - All five residences have individual laundry facilities and garages.
Where is this apartment building located?
The property is located at 123 S Broadway Pelican Rapids, MN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 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
