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    Detroit Lakes, MN
    Multifamily

    Detroit Lakes, MN Multifamily Properties for Sale

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    Audubon, MN Rochert, MN Frazee, MN Vergas, MN Lake Park, MN Pelican Rapids, MN Perham, MN Dent, MN
    Renovated Four-Unit Multifamily Property
    Updated: Aug 21
    Renovated Four-Unit Multifamily Property

    1311 Summit Ave, Detroit Lakes, MN 56501

    $950,000
    6,892 sqft
    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
    Two‑bedroom unit expected to be vacant at the end of the month
    Within the first block of Detroit Lake City Beach and The Heartland State Trail
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    Renovated Lakefront Duplex
    Updated: Aug 17
    Renovated Lakefront Duplex

    27096 Little Floyd Lake Rd, Detroit Lakes, MN 56501

    $610,000
    1,248 sqft
    Duplex with 2 units totaling 4 beds, 2 baths, and 2 kitchens
    Comprehensive unit renovations completed in 2016‑2017
    Steel roofing and siding installed in 2015
    Each unit includes a dedicated boat slip and 2 unassigned parking spaces
    Expansive lakeside paver patio on Little Floyd Lake
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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 2 Active listings in Detroit Lakes, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Lakefront Short-Term Rental Estate
    Lakefront Short-Term Rental Estate

    51097 E Wymer Lake Road #1, Frazee, MN 56544

    $779,000
    9,424 sqft

    Large lakefront property with separate rental and owner living areas, indoor solarium, cinema suite, and multiple gathering spaces.

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    Mixed-Use Building with Restaurant Space
    Mixed-Use Building with Restaurant Space

    108 E Main Ave, Frazee, MN 56544

    $310,000
    4,035 sqft

    Income-producing property combines two leased apartments with an occupied restaurant area and an unfinished unit for future buildout.

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    Three-Unit Apartment Building
    Three-Unit Apartment Building

    155 4th Ave Sw, Perham, MN 56573

    $334,900
    2,412 sqft

    Downtown multifamily property with private entrances and dedicated off-street parking for each residence.

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    3-Unit Apartment Building
    3-Unit Apartment Building

    155 SW 4th, Perham, MN 56573

    $334,900
    2,412 sqft 0.26 AC lot

    Separate entrances and off-street parking provide practical features for residents in a downtown setting.

    View details

    Off-Market Properties in Detroit Lakes, MN

    Consider similar Off-Market properties in Detroit Lakes, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Detroit Lakes, MN 56501
    MOBILE HOME PARK, TRAILER PARK

    Detroit Lakes, MN 56501

    Estimated value:
    $2,760,000
    21.11 AC lot
    View details
    21804 County Hwy 6th 6
    MOBILE HOME PARK, TRAILER PARK

    21804 County Hwy 6th 6, Detroit Lakes, MN 56501-7003

    Estimated value:
    $315,000
    23.47 AC lot
    View details
    17965 Howe Lk Rd
    MOBILE HOME PARK, TRAILER PARK

    17965 Howe Lk Rd, Detroit Lakes, MN 56501

    Estimated value:
    $245,000
    0.80 AC lot
    View details

    Detroit Lakes, MN Multifamily Properties Market Trends and Statistics

    Explore 5 multifamily properties for sale in Detroit Lakes, MN on our real estate platform. These investment opportunities span a total of 8,140 square feet of properties for sale, with an estimated market value of $1,560,000.

    Sale prices for multifamily properties in Detroit Lakes, MN start at $610,000, averaging $780,000, and reaching up to $950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1
    Quadplexes 1
    Short term rental properties 1

    Demographics Overview

    Population 18K
    Population Growth (5Y) +5.4%
    Median Household Income $68,980
    College Educated 21.1%

    High-Yield Neighborhoods for Investment

    Identify Detroit Lakes submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    56501 $780K

    Taxes & Financing

    Tax Rate (average for all types) 1.50%
    Property Tax per SF $34.24 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    How Realmo verifies these figures

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