$229,900
Active
3
Beds
2
Baths
1292
Sqft
0.3
Acres
702 Washington Ave S, Park Rapids, MN 56470
MLS#: 7161503
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Overview
Location
Mortgage
Similar Homes
Sold for $212,500
Sold for $212,500
315 Lake Ave Park Rapids, MN 56470
$212,500
CLOSEDBeds
Baths
Sqft
Acres
0.35
Year
1900
Close Date
Feb 13, 2024
Property Type
Commercial Sale
Sub Type
Date Listed
Nov 13, 2023
Description of 315 Lake Ave, Park Rapids, MN 56470
Listing details for 315 Lake Ave, Park Rapids, MN 56470 : Welcome to Lake Avenue Apartments. A rare 6 plex offering with 4 studio units and two 1 bedroom units. Awesome rental history and at full capacity. Property is currently managed, making it ideal for the passive investor. The rental market is HOT with no change in sight. If you are looking for diversification into a tangible with positive cash flow then look no further. Sits on a corner lot just a stone’s throw from the Park Rapids schools and walking distance to everything else downtown has to offer. Financials, appraisal (2023) and inspection (2023) are available with a signed NDA.
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Listing Updated : 08-24-2026 at 11:08 PM CDT
Property Details
Property Overview
Listing Price
$229,995
MLS #ID
6459680
Close Price
$212,500
Close Date
Feb 13, 2024
Bedrooms
Bathrooms
Square Footage
Acres
0.35
Year
1900
Days on Site
76 Days
Property Type
Commercial Sale
Property Sub Type
Price per Sq Ft
$0
Date Listed
Nov 13, 2023
Location
Street Address
315 Lake Ave
City
State
Minnesota
ZIP Code
County
Neighborhood / Subdivision
Driving Directions
From Main Ave/Hwy 34: Go North on Main Ave to a left on High St. Proceed two blocks to property on left.
Schools
School District
Construction / Architecture
Year Built
1900
Foundation
Other
Roof
Architectural Shingle
New Construction
No
Price per Sq Ft
$0
Lot Features
Corner Lot
Lot Size (Acres)
0.35
Lot Dimensions
110 x 140
Interior Details
Fireplace
No
Heating
Baseboard, Boiler and Hot Water
Cooling
None
Exterior Details
Garage
No
Parking Features
Other
Exterior Features
Stucco
Fencing
None
Water Source
City Water/Connected
Sewer
City Sewer/Connected
Taxes, HOA & Financing
Annual Property Tax
$1,709.00
HOA Fee Includes
None
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Properties displayed may be listed or sold by various participants in the MLS
Source
NorthstarMLS as distributed by MLS GRID, MLS#: 6459680
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Property History
DateEventPrice
2/13/2024
Sold
$212,500
Source:NorthstarMLS #NST6459680
NorthstarMLS #NST6459680 11/13/2023
Listed for sale
—
Source:NorthstarMLS #NST6459680
NorthstarMLS #NST6459680 7/3/2023
Sold
$255,000
Source:NorthstarMLS #NST6388015
NorthstarMLS #NST6388015 6/14/2023
Listed for sale
—
Source:NorthstarMLS #NST6388015
NorthstarMLS #NST6388015Location of 315 Lake Ave, Park Rapids, MN 56470
Streetview of 315 Lake Ave, Park Rapids, MN 56470
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Schools Near 315 Lake Ave, Park Rapids, MN 56470
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Based on information submitted to the MLS GRID as of 2026-08-25. 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. Some IDX listings have been excluded from this website.
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