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    Grand Rapids, MN
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    Grand Rapids, MN Multifamily Properties for Sale

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    Cohasset, MN Coleraine, MN Bovey, MN
    Updated Two-Unit Residential Income Property
    Updated: Apr 10, 2025
    Updated Two-Unit Residential Income Property

    32969 Laplant Road, Grand Rapids, MN 55744

    $550,000
    5,040 sqft · 5.00 AC lot
    5‑acre property just south of Grand Rapids on Hwy 169 with visibility and ample parking
    Two updated residential rental units plus a separate unit for a business
    Recent updates include HVAC, electrical, siding, flooring, paint, and a newer roof
    Metal roof and baseboard heating
    Private water and private sewer
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 63 Potential Opportunities for your consideration. Besides 1 Active listings in Grand Rapids, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 54 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Eveleth Duplex For Sale
    Eveleth Duplex For Sale

    205 Fayal Rd, Eveleth, MN 55734

    $109,900
    1,650 sqft

    Fully rented duplex in Eveleth with investment potential.

    View details
    Eveleth Commercial Property For Sale
    Eveleth Commercial Property For Sale

    223 Grant Avenue, Eveleth, MN 55734

    $299,500

    Commercial property with restaurant, bar, banquet facilities, and apartments.

    View details
    Hibbing Duplex with Long-Term Tenants
    Hibbing Duplex with Long-Term Tenants

    130 E 16th Street, Hibbing, MN 55746

    $95,000
    1,968 sqft

    Fully leased duplex in Hibbing, well-maintained with off-street parking.

    View details
    Hibbing Duplex with Long-Term Tenants
    Hibbing Duplex with Long-Term Tenants

    124 E 17th St, Hibbing, MN 55746

    $95,000
    1,346 sqft

    Fully rented duplex in Hibbing with off-street parking.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Land in Lakes Country
    Residential Land in Lakes Country

    30371 Old Sunset Drive, Laporte, MN 56461

    $109,900
    10.00 AC lot

    10 acres near lakes with well, septic, and electric.

    View details
    Aitkin Lots & Land
    Aitkin Lots & Land

    L 3&4 B3 London Town, Aitkin, MN 56431

    Contact for pricing
    0.14 AC lot

    Double lot in Sherwood Forest with shared amenities.

    View details
    Development Land Off Freeway
    Development Land Off Freeway

    101 Morris Avenue, Hinckley, MN 55037

    $799,000
    9.20 AC lot

    Multi-purpose acreage near the freeway offers flexibility for a range of development concepts.

    View details
    Land for Multi-Family Housing
    Land for Multi-Family Housing

    1610 7th Avenue E, Alexandria, MN 56308

    $249,900
    2.16 AC lot

    2.16 acre lot zoned for multi-family housing development.

    View details

    Off-Market Properties in Grand Rapids, MN

    Consider similar Off-Market properties in Grand Rapids, 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.

    20371 Wendigo Park Rd
    APARTMENT HOUSE (5+ UNITS)

    20371 Wendigo Park Rd, Grand Rapids, MN 55744-4675

    $735,000
    Estimated value
    20.15 AC lot
    View details
    2495 8th St
    APARTMENT HOUSE (5+ UNITS)

    2495 8th St, Grand Rapids, MN 55744-4461

    $2,200,000
    Estimated value
    480 sqft · 2.03 AC lot
    View details
    2495 8th St
    APARTMENT HOUSE (5+ UNITS)

    2495 8th St, Grand Rapids, MN 55744-4461

    $2,200,000
    Estimated value
    14,712 sqft · 2.03 AC lot
    View details
    1607 Us Hwy 169
    APARTMENT HOUSE (5+ UNITS)

    1607 Us Hwy 169, Grand Rapids, MN 55744-4504

    $2,600,000
    Estimated value
    4.97 AC lot
    View details
    501 4th St
    APARTMENT HOUSE (5+ UNITS)

    501 4th St, Grand Rapids, MN 55744

    Value Estimation by Request
    1,768 sqft · 0.24 AC lot
    View details
    418 21st St
    APARTMENT HOUSE (5+ UNITS)

    418 21st St, Grand Rapids, MN 55744-4141

    Value Estimation by Request
    3,528 sqft · 0.57 AC lot
    View details
    Grand Rapids, MN 55744
    APARTMENT HOUSE (5+ UNITS)

    Grand Rapids, MN 55744

    $865,000
    Estimated value
    13,563 sqft
    View details
    Grand Rapids, MN 55744
    APARTMENT HOUSE (5+ UNITS)

    Grand Rapids, MN 55744

    $870,000
    Estimated value
    13,563 sqft
    View details
    Grand Rapids, MN 55744
    APARTMENT HOUSE (5+ UNITS)

    Grand Rapids, MN 55744

    Value Estimation by Request
    13,583 sqft
    View details
    401 10th St
    APARTMENT HOUSE (5+ UNITS)

    401 10th St, Grand Rapids, MN 55744-3979

    $1,450,000
    Estimated value
    7,412 sqft · 1.61 AC lot
    View details
    305 Pokegama Ave
    APARTMENT HOUSE (5+ UNITS)

    305 Pokegama Ave, Grand Rapids, MN 55744-3654

    Value Estimation by Request
    1,661 sqft · 0.50 AC lot
    View details
    Grand Rapids, MN 55744
    APARTMENT HOUSE (5+ UNITS)

    Grand Rapids, MN 55744

    Value Estimation by Request
    3,490 sqft · 0.99 AC lot
    View details
    34597 Mac Donell Rd
    MOBILE HOME PARK, TRAILER PARK

    34597 Mac Donell Rd, Grand Rapids, MN 55744-4773

    Value Estimation by Request
    4,172 sqft · 9.49 AC lot
    View details
    Grand Rapids, MN 55744
    MOBILE HOME PARK, TRAILER PARK

    Grand Rapids, MN 55744

    Value Estimation by Request
    1,756 sqft · 7.41 AC lot
    View details
    1215 11th Ave
    APARTMENT HOUSE (5+ UNITS)

    1215 11th Ave, Grand Rapids, MN 55744-3078

    $555,000
    Estimated value
    View details
    523 7th Ave
    APARTMENT HOUSE (5+ UNITS)

    523 7th Ave, Grand Rapids, MN 55744-2313

    Value Estimation by Request
    1,860 sqft · 0.25 AC lot
    View details
    2303 Fraser St
    APARTMENT HOUSE (5+ UNITS)

    2303 Fraser St, Grand Rapids, MN 55744-3274

    Value Estimation by Request
    3,458 sqft · 0.63 AC lot
    View details
    650 13th St, Unit 654
    APARTMENT HOUSE (5+ UNITS)

    650 13th St, Grand Rapids, MN 55744-4276

    Unit 654
    $670,000
    Estimated value
    1.16 AC lot
    View details
    Grand Rapids, MN 55744
    APARTMENT HOUSE (5+ UNITS)

    Grand Rapids, MN 55744

    Value Estimation by Request
    121 sqft · 0.62 AC lot
    View details
    2801 Hwy 169
    APARTMENT HOUSE (5+ UNITS)

    2801 Hwy 169, Grand Rapids, MN 55744-9552

    Value Estimation by Request
    6.11 AC lot
    View details
    501 Riv Rd
    APARTMENT HOUSE (5+ UNITS)

    501 Riv Rd, Grand Rapids, MN 55744-3755

    $1,360,000
    Estimated value
    20,587 sqft · 4.86 AC lot
    View details
    513 2nd Ave
    APARTMENT HOUSE (5+ UNITS)

    513 2nd Ave, Grand Rapids, MN 55744-2860

    Value Estimation by Request
    3,381 sqft · 0.24 AC lot
    View details
    1971 1st Ave
    APARTMENT HOUSE (5+ UNITS)

    1971 1st Ave, Grand Rapids, MN 55744-5797

    $2,705,000
    Estimated value
    7,960 sqft
    View details

    Grand Rapids, MN Multifamily Properties Market Trends and Statistics

    Explore 55 multifamily properties for sale in Grand Rapids, MN on our real estate platform. These investment opportunities span a total of 5,040 square feet of properties for sale, with an estimated market value of $550,000.

    Sale prices for multifamily properties in Grand Rapids, MN start at $550,000, averaging $550,000, and reaching up to $550,000 — 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

    Demographics Overview

    Population 20K
    Population Growth (5Y) +0.6%
    Median Household Income $68,213
    College Educated 13.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    55744 $550K

    Taxes & Financing

    Tax Rate (average for all types) 2.87%
    Property Tax per SF $24.20 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Itasca County

    New Delisted

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