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11-Unit Apartment Community
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713 Richwood Road, Detroit Lakes, MN 56501

Detached-style units feature private entrances, individual utilities, and open layouts for residential occupancy.

Property SizeContact for details
Days on Market143

Property Features for 713 Richwood Road

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 11
Listing Agency: Horizon Real Estate Group
Listed By: Brian Tulibaski · License #ND: 9607
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 30 at 7:49PM

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 Horizon Real Estate Group

Investment Insights

Based on property information with market context.

This 11-unit apartment property is arranged as detached-style residences on a single site, creating a configuration distinct from a conventional shared-wall building. Each unit has its own entrance, individual utilities, and an open layout. The property is fully occupied and designed for long-term residential tenancy.

Located at 713 Richwood Road in Detroit Lakes, Minnesota, the community is minutes from downtown. Its standalone layout provides separate residential spaces while limiting reliance on shared interior areas. The property combines apartment-unit operations with a detached-home format across one site.

Key Highlights

  • 11‑unit apartment property on a single site
  • Fully occupied apartment community
  • Detached‑style units with private entrances

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Bakery (Bike/Boat/Book/etc) Store Furniture & Home Goods HVAC Service Skin Care Clinic Barber Shop

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

11
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

146
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Detached-style units feature private entrances, individual utilities, and open layouts for residential occupancy.
Where is this apartment building located?
The property is located at 713 Richwood Road Detroit Lakes, MN.
What are key features of this property?
This property features: 11‑unit apartment property on a single site; Fully occupied apartment community; Detached‑style units with private entrances
(701) 793-0653 Call to check price and availability
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