Listing
Active
$239,900
For sale
400 Ri••••• Ave (Sign up for 50 free credits to unlock)Park Rapids, MN 56470
6Beds
2Baths
2,888Sq Ft Living
18,295Sq Ft Lot
1901Year Built
Property Description
Fantastic investment opportunity! This large duplex is located at 400 Riverside Avenue in Park Rapids. Neck deck installed on the back of the upper unit overlooking the river and the hydro dam. Wonderful location with 2 extra large rental units with separate entrances. Also includes a detached garage for use of each tenant. Great long term potential for a new landlord to take ownership.
Property Facts & Features
- Property Type
- Multi Family
- Status
- Active
- Listed
- Jul 26, 2026
- Price per Sq Ft
- $83/sqft
- ZIP Code
- 56470
- Full Baths
- 2
- Garage
- 2 spaces
- Parking
- Detached Garage, Driveway Asphalt, Driveway Concrete, Driveway Other Surface, Paved Lot
- Heating
- Forced Air
- Property Tax (2026)
- $5,426/yr
- Assessed Value
- $222,000
- County
- Hubbard
- School District
- Park Rapids Public School District
Features & Amenities
Bedrooms
- Bedrooms: 6
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Land Info
- Additional Parcels: No
- Lot Size Acres: 0.42
- Lot Size Dimensions: 155 x 132 x 155 x 139
- Topography: Level
- Lot Size Square Feet: 18295
Utilities
- Electric: Circuit Breakers, 100 Amp Service
- Sewer: City Sewer/Connected
- Water Sewer Expense: 1680
- Water Source: City Water/Connected
Other Rooms
- Laundry: In Unit
- Basement Description: Partial, Unfinished
Rental Info
- Gross Income: 26400
- Tenant Pays: Electricity, Heat
Commercial Info
- Operating Expense: 2826
Garage and Parking
- Garage Spaces: 2
- Parking Features: Detached Garage, Driveway - Asphalt, Driveway - Concrete, Driveway - Other Surface, Paved Lot
- Garage Dimensions: 24 x 24
School Information
- High School District: Park Rapids
Heating and Cooling
- Heating Features: Forced Air
- Heating Fuel: Natural Gas
- Heating: Yes
Other Property Info
- Annual Tax Amount: 3276
- Source Listing Status: Active
- County: Hubbard
- Directions: From HWY 71 and 34 head East for 2 blocks to Riverside Ave, then south (right) on Riverside for 4 blocks to the duplex property on the left.
- Tax Year: 2026
- Insurance Expense: 1146
- Owner Pays: Trash Collection, Water
- Parcel Number: 322504200
- Postal City: Park Rapids
- Postal Code Plus 4: 0441
- Public Survey Range: 35
- Public Survey Section: 25
- Public Survey Township: 140
- Township: Park Rapids
- Zoning Description: Residential-Multi-Family
- Property Subtype: (MF) Duplex Up and Down
Building and Construction
- Total Square Feet Living: 2888
- Year Built: 1901
- Building Exterior Type: Engineered Wood, Stucco
- Foundation Area: 2112
- Property Age: 125
- Roof: Age Over 8 Years, Asphalt Shingles, Pitched
- Total Area Main: 1536
Exterior and Lot Features
- Patio And Porch Features: Covered, Deck
- Road Frontage Type: City Street, Paved Streets, Sidewalks
- Road Responsibility: Public Maintained Road
- Deck: Yes
Waterfront and Water Access
- East
Price & Event History
| Date | Event | Price | $/Sq Ft |
|---|---|---|---|
| Jul 26, 2026 | Listed | $239,900 | $83 |
Property Tax History
| Year | Tax | Assessed | Land | Building | Market |
|---|---|---|---|---|---|
| 2026 | $5,426 | $222,000 | $24,300 | $197,700 | $222,000 |
| 2025 | $4,804 | $173,700 | $25,600 | $148,100 | $173,700 |
| 2023 | $4,652 | $158,900 | $18,900 | $140,000 | $158,900 |
| 2022 | $4,698 | $142,000 | $18,800 | $123,200 | $142,000 |
| 2021 | $4,800 | $146,300 | $18,900 | $127,400 | $146,300 |
| 2020 | $4,934 | $146,000 | $19,800 | $126,200 | $146,000 |
| 2019 | $5,322 | $160,600 | $16,800 | $143,800 | $160,600 |
| 2018 | $5,368 | $165,300 | $16,800 | $148,500 | $165,300 |
| 2017 | $5,306 | $160,500 | $18,500 | $142,000 | $160,500 |
| 2016 | $5,256 | $157,200 | $19,900 | $137,300 | $157,200 |
| 2015 | $2,858 | $146,200 | $21,900 | $124,300 | $146,200 |
| 2014 | $2,668 | $135,000 | $21,900 | $113,100 | $135,000 |
Nearby Schools
- Park Rapids Senior High School0.7 mi
Public · High · Grades 9-12
- Park Rapids Area Century Elementary School1.1 mi
Public · Elementary · Grades K-6
- Park Rapids Area Century Middle School1.1 mi
Public · Middle · Grades 7-8
- First Baptist Christian School0.8 mi
Private · Elementary · Grades K-2
Location
Lat 46.91885 · Lng -95.05351