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    Detroit Lakes, MN
    Residential Income

    Detroit Lakes, MN Residential Income Properties for Sale

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    Audubon, MN Rochert, MN Frazee, MN Vergas, MN Callaway, MN Pelican Rapids, MN Lake Park, MN Perham, 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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    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 20 Potential Opportunities for your consideration. Besides 1 Active listings in Detroit Lakes, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 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.

    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.

    View details
    Lakefront Short-Term Rental Estate
    Lakefront Short-Term Rental Estate

    1-51097 E Wymer Lake Rd, Frazee, MN 56544

    $779,000
    9,424 sqft

    Multi-wing property includes a cinema suite, solarium, fireplaces, and a separate owner residence.

    View details
    Downtown Triplex with Private Entrances
    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
    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.

    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 Lots by Pelican River
    Residential Lots by Pelican River

    River View Trail lot: 9 Block 1, Pelican Rapids, MN 56572

    $120,000
    1.37 AC lot

    Residential lots in exclusive development with river access and utilities.

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    Residential Lots by Pelican River
    Residential Lots by Pelican River

    River View Trail lot: 20 Block 2, Pelican Rapids, MN 56572

    $90,000
    3.12 AC lot

    Residential lots in exclusive development with river access and utilities.

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    Residential Lots by Pelican River
    Residential Lots by Pelican River

    River View Trail lot: 8 Block 1, Pelican Rapids, MN 56572

    $120,000
    1.83 AC lot

    Residential lots in exclusive development with river access and utilities.

    View details
    Residential Lots by Pelican River
    Residential Lots by Pelican River

    River View Trail lot: 7 Block 1, Pelican Rapids, MN 56572

    $120,000
    1.75 AC lot

    Residential lots in exclusive development with river access and utilities.

    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

    $2,760,000
    Estimated value
    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

    $315,000
    Estimated value
    23.47 AC lot
    View details
    2505 Adaline Ln
    Land

    2505 Adaline Ln, Detroit Lakes, MN 56501

    Value Estimation by Request
    0.62 AC lot
    View details
    2515 Adaline Ln
    Land

    2515 Adaline Ln, Detroit Lakes, MN 56501

    Value Estimation by Request
    0.60 AC lot
    View details
    2508 Adaline Ln
    Land

    2508 Adaline Ln, Detroit Lakes, MN 56501

    Value Estimation by Request
    0.51 AC lot
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    2511 Adaline Ln
    Land

    2511 Adaline Ln, Detroit Lakes, MN 56501

    Value Estimation by Request
    0.57 AC lot
    View details
    2501 Adaline Ln
    Land

    2501 Adaline Ln, Detroit Lakes, MN 56501

    Value Estimation by Request
    0.63 AC lot
    View details
    2502 Adaline Ln
    Land

    2502 Adaline Ln, Detroit Lakes, MN 56501

    Value Estimation by Request
    0.66 AC lot
    View details
    2519 Adaline Ln
    Land

    2519 Adaline Ln, Detroit Lakes, MN 56501

    Value Estimation by Request
    0.59 AC lot
    View details
    2522 Adaline Ln
    Land

    2522 Adaline Ln, Detroit Lakes, MN 56501

    Value Estimation by Request
    0.52 AC lot
    View details
    17965 Howe Lk Rd
    MOBILE HOME PARK, TRAILER PARK

    17965 Howe Lk Rd, Detroit Lakes, MN 56501

    $245,000
    Estimated value
    0.80 AC lot
    View details

    Detroit Lakes, MN Residential Income Properties Market Trends and Statistics

    Explore 12 residential income properties for sale in Detroit Lakes, MN on our real estate platform. These investment opportunities span a total of 6,892 square feet of properties for sale, with an estimated market value of $950,000.

    Sale prices for residential income properties in Detroit Lakes, MN average $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

    Multifamily properties 1
    Quadplexes 1

    Demographics Overview

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

    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%

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