Park Rapids, MN Multifamily properties for sale

Updated: Oct 29, 2025

Duplex with Attached Garage

13330 Ermine Drive, Park Rapids, MN 56470

$169,900

2,882 sqft 0.93 AC lot

Two‑unit duplex totaling 2,882 square feet
0.93‑acre property approximately 4 miles north of Park Rapids
South unit includes 2 bedrooms, 1 full bath, family room, and washer/dryer hookups
North unit offers 3 bedrooms, 2 full baths, primary suite bath, and walk‑in closet
Built in 1989 with wood‑frame construction and forced‑air heating

View details

Updated: Aug 13

Duplex with Detached Garage

400 Riverside Ave, Park Rapids, MN 56470

$239,900

2,888 sqft

2,888‑square‑foot duplex with 2 rental units
Separate entrances for both units
Detached garage with use designated for each tenant
Upper‑unit rear deck overlooks the river and hydro dam
400 Riverside Ave, Park Rapids, MN

View details

Converted School Multifamily Property

117 3rd Street E., Park Rapids, MN 56470

$2,600,000

Former high school adapted into residential units with updated systems, security equipment, and parking improvements.

View details

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 3 Active listings in Park Rapids, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 8 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

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.

View details

Downtown Triplex with Private Entrances

155 SW 4th, Perham, MN 56573

$334,900

2,412 sqft 0.26 AC lot

Three-unit apartment property with separate entrances, off-street parking, and a central Perham setting near shops and services.

View details

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.

View details

Three-Unit Apartment Building

155 4th Ave Sw, Perham, MN 56573

$334,900

2,412 sqft

Estimated value:

$315,000

288 sqft 66.67 AC lot

View details

Park Rapids, MN Multifamily Properties Market Trends and Statistics

Explore 11 multifamily properties for sale in Park Rapids, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,770 square feet of properties for sale, with an estimated market value of $3,009,800.

Sale prices for multifamily properties in Park Rapids, MN start at $169,900, averaging $1,003,266, and reaching up to $2,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
56470	$1M

Neighborhood

Average Price

56470

$1M