1401 Norwood Street, Brainerd, MN 56401
Multi-Unit (5+) - Brainerd, MN
- Added:
- Apr 28, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 16 at 7:06 pm
Property Features for 1401 Norwood Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
- Parking features
- Garage
- Standard status
- Active
- APN
- 41300654 - 41300653
- Size
- 3,180 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3766
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1938
- Year renovated
- 1938
- Floors in Building
- 3
- Flooring type
- Carpet, Linoleum
- Building materials
- Stucco
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent James Flesch (218) 252-1373
Listing office Your Home Sold Guaranteed Realty Exclusive P.O. Box 749, Nisswa, MN (218) 961-1200
Listing date Apr 28, 2026
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Strong income potential in the highly desirable Brainerd Lakes Area
- Well‑maintained 6‑unit property with a strong unit mix (three 2‑bedroom, two 1‑bedroom, one efficiency)
- Additional lot included for potential future development
- Good rental history with all units currently month‑to‑month
- Current owner available to contract lawn care and snow removal
- Garage parking available
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.6k | $15.60 |
| − Vacancy | −$2.5k | −$0.78 |
| EGI | $47.1k | $14.82 |
| − OpEx | −$21.2k | −$6.67 |
| NOI | $25.9k | $8.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brainerd
- County
- Crow Wing
- State
- Minnesota
- Longitude
- -94.188099
- Latitude
- 46.353789
