Matt Selnes
Listed By
Agency Name: The Real Estate Company of Detroit Lakes
Agency Phone: 218-844-8008
Shown By
Agent Name: Matt Selnes
Agent Phone: (507) 884-9206
Agency Title: Counselor Realty
Property Description
Investment opportunity! Updated 3 unit Income property located just down from the pool in Pelican Rapids. A total of 3600 sq ft. of income. One 1200 sq.ft Unit downstairs(2 bed 1 bath), and two units upstairs, one being an efficiency, (1600sq. ft(3 bed 1 bath) & 600 sq. ft(1 bed 1 bath)). A near 10% cap rate makes this property a great addition to your investment portfolio.
Property Features
Property Type: Multi Unit - Multiple
Basement: Block
Garage: 2
Heating: Baseboard, Forced Air
Lot Size: 0.29 Acres
Roof Type: Architectural Shingle
Taxes: $3,263
Year Built: 1959
Feature Descriptions
Days on Site: 11
Foundation Size: 2200
Lot: Corner Lot
Lot Dimensions: 120x110
Owners Expense: Grounds Care, Snow Removal, Trash Collection
Parcel#: 76000990506001
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Gas, Sewer, Water
Units: 3
Water: City Water/Connected
Local Schools
School District: Pelican Rapids
TOUR THIS HOME
401 1st Avenue Se, Pelican Rapids, MN 56572
I will get in touch with you shortly.
Estimate Your Payment
Estimated Payment
$ 1,947.72 per month $1,588.74 Principal & Interest $271.92 Property Tax $87.06 Homeowner's InsuranceChange Payment Information
Near By
Demographics
SHARE THIS HOME
![]()
![]()
![]()
401 1st Avenue Se, Pelican Rapids, MN 56572
Send an email with a link to
401 1st Avenue Se, Pelican Rapids, MN 56572.
Print This Listingx
Select a format below, new window will open and will prompt you to print.
By searching Listing Data you agree to this End User License Agreement
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Terms of Use
Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/24/2026. The listing information on this page last changed on 08/24/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 08/24/2026 12:00:22 AM EST) or RMLS-MN MLS (last updated Sun 08/23/2026 11:53:22 PM EST). Real estate listings held by brokerage firms other than Counselor Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
By searching Listing Data you agree to this End User License Agreement
© 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
401 1st Avenue Se | MLS# 7124909
This multi-family property located at 401 1st Avenue Se, Pelican Rapids, MN 56572 is currently listed for sale with an asking price of $298,500. 1st Avenue Se is located within the Pelican Rapids school district. Search Pelican Rapids real estate on mselnes.counselorrealtyofrochester.com today.