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6-Unit Apartment Building
For Sale
$369,000

1401 Norwood St, Brainerd, MN 56401

Commercial Sale, Brainerd, MN

Property SizeContact for details
Lot Size0.17 Acres
Days on Market167

Property Features for 1401 Norwood St

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial
Bedrooms 8
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 1, Bathroom 4, Bathroom 6, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 8, Bathroom 1, Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 3, Bathroom 5, Bathroom 2
Appliances Range, Refrigerator
Lot features Corner Lot
High school district Brainerd
Directions From Hwy 210 in SE Brainerd, turn Right on SE 13th Street to Left on Norwood Street to #1401.
Standard status Active
APN 413006545
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 3741

Utilities

Heating system Forced Air

Building Details

Year built 1938
Roof type Shingle
Listing Agency: Your Home Sold Guaranteed Realty Exclusive
Listed By: James Flesch
Added: May 4 Changed: Oct 8 Last Checked: Oct 17 at 11:06PM
MLS# 7057390

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 6-unit apartment property, built in 1938, contains three two-bedroom apartments, two one-bedroom apartments and one efficiency. Range and refrigerator appliances are listed, with forced-air heating and a shingle roof. The property includes a 0.1722-acre lot as well as an additional lot described as having potential for future development.

All units are on month-to-month arrangements. The current owner handles lawn care and snow removal and is open to arranging those services under contract for a future owner.

Key Highlights

  • Six apartments: three two‑bedroom units, two one‑bedroom units and one efficiency
  • All units are on month‑to‑month rental arrangements
  • An additional lot is included with potential for future development

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Veterinary Clinic (Bike/Boat/Book/etc) Store Real Estate Agency Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

502
Businesses Nearby

Demographics for 56401, MN

30,632
Population
16,038
Households
1.9
Avg Household Size
40
Median Age
24%
College-Educated
94%
High-School Grad
322.6 sq mi
ZIP Area
95
Density / Sq Mi
$70,269
Median Household Income
$40,172
Median Earnings
$918
Median Rent
$237,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - All six apartments are currently offered on month-to-month rental arrangements.
Where is this apartment building located?
The property is located at 1401 Norwood St Brainerd, MN.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Six apartments: three two‑bedroom units, two one‑bedroom units and one efficiency; All units are on month‑to‑month rental arrangements; An additional lot is included with potential for future development
More about this property
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