Park Rapids, MN Residential Income Properties for Sale

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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 on 0.93 acres
South unit: two bedrooms, one full bath, living room and family room, washer/dryer hookup
North unit: three bedrooms, two full baths, primary suite bath and walk‑in closet
Drilled well and private septic system serving both units
Wood‑frame construction with forced‑air heating

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Updated: Jul 27

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

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Renovated Apartment Community

210 Park Ave, Park Rapids, MN 56470

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2.36 AC lot

40-unit apartment community with on-site coin-operated laundry and surface parking on 2.36 acres.

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Mixed-Use Rental Building

501 1st Street E, Park Rapids, MN 56470

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Mixed-use property offering six furnished apartments and commercial/retail and office space with added garage storage.

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Mixed-Use Building with Retail Units

123 Main Avenue South, Park Rapids, MN 56470

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For sale mixed-use building featuring five commercial units and eight apartments on Park Rapids Main Avenue.

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Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 5 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, 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.

Triplex Apartment Building with Private Entrances

155 SW 4th, Perham, MN 56573

$334,900

2,412 sqft 0.26 AC lot

Three-unit apartment building with each unit having a private entrance and dedicated off-street parking in downtown Perham.

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Three-Unit Apartment Building

155 4th Ave Sw, Perham, MN 56573

$350,000

2,412 sqft

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

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Furnished Three-Unit Rental Property

607 Second Street S, Walker, MN 56484

$799,000

9,752 sqft 1.24 AC lot

Furnished three-unit rental built in 2005 with 14 bedrooms, 13 bathrooms, and multiple decks and patios.

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Lake-View Fully Remodeled 14-Unit

107 Minnesota Ave E, Walker, MN 56484

$1,175,000

Fully remodeled 14-unit apartment property with a mix of 1-bedroom, efficiency, and one 3-bedroom unit, plus on-site Airbnb rentals.

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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.

Residential Land with Natural Shoreline

13895 Gazelle Trail, Park Rapids, MN 56470

$85,000

6.84 AC lot

6.84 acres with 209' shoreline in Park Rapids, MN.

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Recreational Hunting and Homesite Land

Arbor Road, Park Rapids, MN 56470

$250,000

65.00 AC lot

65-acre wooded parcel with cleared camping area, driveway access, and power-line easement near state land.

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Waterfront Land with Cabins

24965 Hammock Trail, Park Rapids, MN 56470

$2,100,000

123.09 AC lot

Gated waterfront tract with drivable trails, two cabins, and propane service on quiet Eagle Lake.

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Land for Cabin or Home

TBD 10 Bog Lake Trail, Osage, MN 56570

$74,900

5.30 AC lot

5.3-acre lot near Osage, MN, ideal for building.

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Off-Market Properties in Park Rapids, MN

Consider similar Off-Market properties in Park 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.

MOBILE HOME PARK, TRAILER PARK

12531 Far Portage Dr, Park Rapids, MN 56470

$250,000

Estimated value

1.00 AC lot

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HIGH-RISE APARTMENTS

501 Gilbert S Ave, Park Rapids, MN 56470-1621

$285,000

Estimated value

5,536 sqft 0.32 AC lot

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MOBILE HOME PARK, TRAILER PARK

16569 County 107, Park Rapids, MN 56470-2247

$255,000

Estimated value

0.96 AC lot

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MOBILE HOME PARK, TRAILER PARK

36431 County 4th 4, Park Rapids, MN 56470-6570

$240,000

Estimated value

6.16 AC lot

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MOBILE HOME PARK, TRAILER PARK

791 Western N Ave, Park Rapids, MN 56470-3352

$250,000

Estimated value

3.22 AC lot

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APARTMENT HOUSE (5+ UNITS)

1006 Crocus Hl E St, Park Rapids, MN 56470-5419

$810,000

Estimated value

33,268 sqft 15.68 AC lot

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HIGH-RISE APARTMENTS

300 Ct Ave, Park Rapids, MN 56470-1413

$490,000

Estimated value

12,378 sqft 1.33 AC lot

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MOBILE HOME PARK, TRAILER PARK

13618 County 40, Park Rapids, MN 56470-4536

$315,000

Estimated value

288 sqft 66.67 AC lot

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Park Rapids, MN Residential Income Properties Market Trends and Statistics

Explore 13 residential income properties for sale in Park Rapids, MN, showcased through 5 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 $409,800.

Sale prices for residential income properties in Park Rapids, MN start at $169,900, averaging $204,900, and reaching up to $239,900 — 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

Demographics Overview

Population 11K

Population Growth (5Y) +2.5%

Median Household Income $68,351

College Educated 40.7%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
56470	$169.9K

Taxes & Financing

Tax Rate (average for all types) 2.12%

Property Tax per SF $39.03 per SF

Tax Rate vs County Average 0.01 pp below county avg

Average Loan-to-Value 65.0%

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