Renovated Four-Unit Multifamily
For Sale
$950,000
1311 Summit Ave, Detroit Lakes, MN 56501
Multiple units feature updated interiors, while one furnished residence is ready for immediate occupancy.
Property Size6,892 SF
Price / SF$137.84
Days on Market9
Property Features for 1311 Summit Ave
General Information
Standard status
Active
Size
6,892 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 5BR/3BA, 1 x 2BR
Multifamily Units
4
Building Details
Year Built
1949
Buildings
1
Listing Agency:
The Real Estate Company of Detroit Lakes
(218) 844-8008
Listed By:
Christopher Howard Nord
Source:
Searchhousesnow
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 25 at 5:25AM
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 The Real Estate Company of Detroit Lakes
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 6,892 square feet and was built in 1949. Several residences have received renovations that include kitchen improvements, refreshed bathrooms, updated flooring, modern appliances, new lighting, and added insulation. The five-bedroom, three-bath unit is furnished and ready for occupancy, while the two-bedroom unit is scheduled to become vacant at the end of the month.
The property sits within the first block of Detroit Lake City Beach and The Heartland State Trail, across from People’s Park. Nearby destinations include Zorbaz, Kent Freeman Arena, the Becker County Fairgrounds, and MN Flyers Gymnastics. Its four-unit configuration and varied residence sizes provide a multifamily layout in a setting close to recreational, community, and entertainment amenities.
The property sits within the first block of Detroit Lake City Beach and The Heartland State Trail, across from People’s Park. Nearby destinations include Zorbaz, Kent Freeman Arena, the Becker County Fairgrounds, and MN Flyers Gymnastics. Its four-unit configuration and varied residence sizes provide a multifamily layout in a setting close to recreational, community, and entertainment amenities.
Key Highlights
- 6,892‑square‑foot fourplex built in 1949
- Multiple units renovated with updated kitchens, bathrooms, flooring, lighting, appliances, and insulation
- Furnished five‑bedroom, three‑bath unit ready for occupancy
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
Explore this area
Business Placement
Demographics for 56501, MN
17,784
Population
10,271
Households
1.7
Avg Household Size
44
Median Age
32%
College-Educated
94%
High-School Grad
186.9 sq mi
ZIP Area
95
Density / Sq Mi
$68,980
Median Household Income
$40,068
Median Earnings
$942
Median Rent
$286,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Multiple units feature updated interiors, while one furnished residence is ready for immediate occupancy.
Where is this quadplex located?
The property is located at 1311 Summit Ave Detroit Lakes, MN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 6,892‑square‑foot fourplex built in 1949; Multiple units renovated with updated kitchens, bathrooms, flooring, lighting, appliances, and insulation; Furnished five‑bedroom, three‑bath unit ready for occupancy
