Triplex

Pelican Rapids, MN Triplexes for Sale

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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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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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Pelican Rapids, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

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.

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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.

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Maintained Triplex with Flexible Occupancy
Maintained Triplex with Flexible Occupancy

1637 8th Ave S, Fargo, ND 58103

$265,000
3,032 sqft

Three-unit property with one rented residence and another available for a new tenant or owner-occupant.

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Three-Unit Residential Property
Three-Unit Residential Property

1225 11 1/2 St N, Fargo, ND 58102

$199,000
2 sqft

Near NDSU, this residential building supports either household occupancy or multifamily rental use.

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Pelican Rapids, MN Triplexes Market Trends and Statistics

Explore 1 triplexes 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 three-family homes 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

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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