Triplex with Five-Stall Pole
For Sale
$689,900
6761 County Road 16, Pequot Lakes, MN 56472
Residential Income, Pequot Lakes, MN
Property Size2,496 SF
Lot Size1.00 Acre
Price / SF$276.40
Days on Market102
Property Features for 6761 County Road 16
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Laundry Room, Bathroom 3, Bathroom 2
Parking features
Garage - Detached, Driveway
Patio and Porch features
Patio, Deck
High school district
Pequot Lakes
Directions
From MN-371 N: turn right onto Co Rd 16 in Jenkins, property will be on the right in just under 4 miles.
Standard status
Active
APN
68290610
Size
2,496 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1564
Utilities
Heating system
Baseboard, Forced Air
Amenities
private patio
deck
in-unit washer and dryer
pole building storage
Building Details
Year built
2004
Building materials
Frame, Steel
Listing Agency:
eXp Realty
(612) 751-9303
Listed By:
Chad Schwendeman
(218) 831-4663
Added: Jul 2
Changed: Oct 8
Last Checked: Oct 11 at 12:06AM
MLS# 7100000
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.
Investment Insights
Based on property information with market context.
Built in 2004, this 2,496-square-foot triplex contains three units, two of which are furnished. Each residence has a dedicated forced-air furnace, air conditioning, an on-demand water heater, supplemental baseboard heat, and a private washer and dryer. The two ground-level units have patios; the upper unit has a deck with a wooded outlook. The property occupies a level one-acre lot with landscaped outdoor space and parking. A five-stall pole building provides electricity, concrete floors, and individual storage areas for each unit.
The property is three minutes from a full-service marina, with access to the Whitefish Chain and nearby Crosslake. Golf, shopping, dining, and four-season recreation are also identified in the surrounding area.
The property is three minutes from a full-service marina, with access to the Whitefish Chain and nearby Crosslake. Golf, shopping, dining, and four-season recreation are also identified in the surrounding area.
Key Highlights
- Three‑unit property with 2,496 square feet
- Two of the three units are furnished
- One‑acre parcel with a five‑stall pole building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,785
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,700
$455.7K
Cap Rate 7%
$325,500
$325.5K
Cap Rate 9%
$253,167
$253.2K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$34.4K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$32.6K $13.04/SF
− OpEx
−$9.8K −$3.91/SF
NOI
$22.8K $9.13/SF
Area
Crow Wing County, MN
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,700
Cap Rate 7%
$325,500
Cap Rate 9%
$253,167
Alternative Uses
Best Use
Multifamily LT 5
$325.5K
$284.8K – $379.8K
NOI $22,785 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$290.6K
$254.3K – $339.1K
NOI $20,345 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$529.9K
$463.7K – $618.2K
NOI $37,093 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 56472, MN
8,315
Population
6,212
Households
1.3
Avg Household Size
46
Median Age
34%
College-Educated
96%
High-School Grad
154.9 sq mi
ZIP Area
54
Density / Sq Mi
$81,938
Median Household Income
$42,052
Median Earnings
$848
Median Rent
$299,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer separate mechanical systems, in-unit laundry, and private outdoor areas.
Where is this triplex located?
The property is located at 6761 County Road 16 Pequot Lakes, MN.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: Three‑unit property with 2,496 square feet; Two of the three units are furnished; One‑acre parcel with a five‑stall pole building
