Residential Income

East Grand Forks, MN Residential Income Properties for Sale

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Grand Forks, ND Emerado, ND Crookston, MN
81-Unit Multifamily Investment Opportunity
Updated: Feb 23
81-Unit Multifamily Investment Opportunity

208 2nd St NW, East Grand Forks, MN 56721

$6,000,000
47,061 sqft
Rare opportunity to acquire an 81‑unit legacy property in a high‑demand market, never previously offered for sale.
Significant value‑add potential through interior modernization to capture market rents and increase NOI.
Highly desirable unit mix of 78 one‑bedroom and 3 two‑bedroom units.
Underutilized revenue enhancement opportunities through strategic rent increases, RUBS, parking, laundry, and premium unit finishes.
Rare entry point into a supply‑constrained multifamily market.
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in East Grand Forks, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

Historic Mixed-Use Grand Forks Property
Historic Mixed-Use Grand Forks Property

22 S 3rd St, Grand Forks, ND 58201

$1,400,000
13,520 sqft

13,520 SF historic property with residential and restaurant space.

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Multifamily Property in Thief River
Multifamily Property in Thief River

624 Kinney Ave, Thief River Falls, MN 56701

$1,080,000

24-unit multifamily property with development potential in Thief River Falls.

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Grand Forks Fourplex Investment Opportunity
Grand Forks Fourplex Investment Opportunity

501 N 12th St, Grand Forks, ND 58203

$295,000
4,352 sqft

Fourplex in Grand Forks near UND and downtown.

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Thief River Falls Investment Opportunity
Thief River Falls Investment Opportunity

1227 Stephen Street, Thief River Falls, MN 56701

$625,000

29 manufactured homes on leased land for sale.

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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.

Minnesota Land Near Detroit Lakes
Minnesota Land Near Detroit Lakes

13617 260 Ave, Detroit Lakes, MN 56501

Contact for pricing
40.00 AC lot

40+ acres near Detroit Lakes with recreational amenities.

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Little Pelican Lake Shoreline Preserve
Little Pelican Lake Shoreline Preserve

25819 Frieda Drive, Detroit Lakes, MN 56501

$875,000
6.00 AC lot

6.29 acres with 1,150 feet of lake frontage!

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Residential Lots by Pelican River
Residential Lots by Pelican River

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

$55,000
0.50 AC lot

Residential lots in exclusive development with river access and utilities.

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Land with River Access
Land with River Access

River View Trail lot: 1 Block 2, Pelican Rapids, MN 56572

$125,000
1.68 AC lot

Residential lots with river access and utilities in Pelican Rapids.

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East Grand Forks, MN Residential Income Properties Market Trends and Statistics

Explore 1 residential income properties for sale in East Grand Forks, MN on our real estate platform. These investment opportunities span a total of 47,061 square feet of properties for sale, with an estimated market value of $6,000,000.

Sale prices for residential income properties in East Grand Forks, MN start at $6,000,000, averaging $6,000,000, and reaching up to $6,000,000 — 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

Apartment buildings 1
Multifamily properties 1

Demographics Overview

Population 11K
Population Growth (5Y) +6.0%
Median Household Income $83,633
College Educated 35.0%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
56721 $6M

Taxes & Financing

Tax Rate (average for all types) 2.21%
Property Tax per SF $40.08 per SF
Tax Rate vs County Average 0.41 pp above county avg
Average Loan-to-Value 65.0%

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