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    Pelican Rapids, MN
    Residential Income

    Pelican Rapids, MN Residential Income Properties for Sale

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    Battle Lake, MN Erhard, MN Lake Park, MN Detroit Lakes, MN Rothsay, MN Dent, MN Vergas, MN Barnesville, MN
    Updated Three-Unit Property
    Updated: Aug 17
    Updated Three-Unit Property

    401 1st Ave SE, Pelican Rapids, MN 56572

    $289,500
    3,400 sqft
    Three‑unit triplex with updated interiors
    1,200‑square‑foot lower‑level unit with 2 bedrooms and 1 bathroom
    1,600‑square‑foot upper unit with 3 bedrooms and 1 bathroom
    600‑square‑foot upper efficiency‑style unit with 1 bedroom and 1 bathroom
    Near 10% cap rate
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    See hot listings in Pelican Rapids

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 1 Active listings in Pelican Rapids, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 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.

    4-Unit Quadplex with Attached Garages
    4-Unit Quadplex with Attached Garages

    319 1st Avenue NW, Rothsay, MN 56579

    $279,000
    1,936 sqft 0.37 AC lot

    Four matching two-story units offer private laundry, individual garages, and a consistent two-bedroom layout.

    View details
    Updated Duplex with Two Three-Bedroom Units
    Updated Duplex with Two Three-Bedroom Units

    424 W Birch Ave, Fergus Falls, MN 56537

    $179,900
    1,352 sqft

    Two residential units offer separate laundry arrangements, a covered front porch, and durable exterior improvements.

    View details
    Updated Four-Unit Multifamily Property
    Updated Four-Unit Multifamily Property

    319 1st Ave NW, Rothsay, MN 56579

    $279,000
    1,936 sqft

    Two-story residences combine private garages, in-unit laundry, and functional living spaces across a consistent multifamily layout.

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    Six-Bedroom Duplex with Front Porch
    Six-Bedroom Duplex with Front Porch

    424 W Birch Avenue, Fergus Falls, MN 56537

    $179,900
    1,352 sqft 0.19 AC lot

    Each residence offers three bedrooms, with laundry facilities serving both units.

    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.

    Buildable Residential Lot
    Buildable Residential Lot

    202 4th Avenue NE, Pelican Rapids, MN 56572

    Contact for pricing
    0.23 AC lot

    Build on a 0.23-acre residential lot in Pelican Rapids’ Pinewood Estates development.

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    Buildable Residential Lot in Development
    Buildable Residential Lot in Development

    209 4th Avenue NE, Pelican Rapids, MN 56572

    Contact for pricing
    0.23 AC lot

    Build your home on a 0.23-acre lot within the Pinewood Estates development in Pelican Rapids, MN.

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    Buildable Residential Lot
    Buildable Residential Lot

    203 4th Avenue NE, Pelican Rapids, MN 56572

    Contact for pricing
    0.23 AC lot

    Buildable lot in a new Pelican Rapids subdivision, offering a straightforward site to plan a primary residence.

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    Residential Lots by Pelican River
    Residential Lots by Pelican River

    River View Trail lot: 10 Block 2, Pelican Rapids, MN 56572

    $120,000
    2.30 AC lot

    Residential lots in exclusive development with river access and utilities.

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    Off-Market Properties in Pelican Rapids, MN

    Consider similar Off-Market properties in Pelican 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.

    709 Broadway
    APARTMENT HOUSE (5+ UNITS)

    709 Broadway, Pelican Rapids, MN 56572-4159

    Estimated value:
    $230,000
    1,223 sqft 0.51 AC lot
    View details
    24 5th Ave Nwz1
    MOBILE HOME PARK, TRAILER PARK

    24 5th Ave Nwz1, Pelican Rapids, MN 56572-4103

    Estimated value:
    $220,000
    View details
    101 4th Ave Nwa1
    MOBILE HOME PARK, TRAILER PARK

    101 4th Ave Nwa1, Pelican Rapids, MN 56572-4016

    Estimated value:
    $235,000
    View details
    400 2nd St Nwe1
    MOBILE HOME PARK, TRAILER PARK

    400 2nd St Nwe1, Pelican Rapids, MN 56572-4032

    Estimated value:
    $330,000
    View details
    Pelican Rapids, MN 56572
    MOBILE HOME PARK, TRAILER PARK

    Pelican Rapids, MN 56572

    Estimated value:
    $265,000
    0.11 AC lot
    View details

    Pelican Rapids, MN Residential Income Properties Market Trends and Statistics

    Explore 6 residential income properties for sale in Pelican Rapids, MN on our real estate platform. These investment opportunities span a total of 3,400 square feet of properties for sale, with an estimated market value of $289,500.

    Sale prices for residential income properties in Pelican Rapids, MN average $289,500 — 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
    Triplexes 1

    Demographics Overview

    Population 5,900
    Population Growth (5Y) +11.1%
    Median Household Income $83,631
    College Educated 38.4%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    56572 $289.5K

    Taxes & Financing

    Tax Rate (average for all types) 2.80%
    Property Tax per SF $22.30 per SF
    Tax Rate vs County Average 0.53 pp above county avg
    Average Loan-to-Value 65.0%

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