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400 Riverside Avenue, Park Rapids, MN 56470

New Listing

$239,900

Property Type: Multi-Family Bedrooms: 6 Baths: 2 Square Footage: 3,738 Lot Size (sq. ft.): 18,295 Status: Active

Current Price: $239,900 List Date: 7/27/2026 Last Modified: 7/28/2026

Overview

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.

Listing Details MLS# 7115016

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Waterfront YN: No
Year Built: 1901
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1536
Above Ground SqFt: 2888
Below Grd Total SqFt: 850
Total SqFt: 3738
Foundation Size: 2112
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2888.00
Lake/Waterfront Name: Fishhook River
Power Company: Minnesota Power
Garage Stalls: 2
Lot Dimensions: 155 x 132 x 155 x 139
Acres: 0.42
Assessment Pending: Yes

Property Features

Accessible: None Assumable Loan: Not Assumable Basement: Partial; Unfinished; Other Construction Status: Previously Owned Electric: 100 Amp Service; Circuit Breakers Existing Financing: Free and Clear Exterior: Engineered Wood; Stucco Fencing: None Foundation: Poured Concrete Fuel: Natural Gas Heating: Forced Air Internet Options: Fiber Optic Laundry: In Unit Lock Box Type: None Owner Pays: Trash Collection; Water Parking Characteristics: Paved Lot Pool Description: None Road Frontage: City Street; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles; Pitched Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity; Heat Topography: Level Unit 1 Amenities: Historic/Period Millwork; Ceiling Fan(s); Kitchen Window; Main Floor Primary Bedroom; Panoramic View; Washer/Dryer Hookup Unit 1 Appliances: Dishwasher; Disposal; Dryer; Range; Refrigerator; Washer Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Eat In Kitchen Unit 1 Family Room Characteristics: Main Level Unit 2 Amenities: Historic/Period Millwork; Open Floor Plan; Balcony; Ceiling Fan(s); Deck; Kitchen Window Unit 2 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Central Unit 2 Dining Room Description: Eat In Kitchen Water: City Water/Connected Waterfront Type: River View Waterfront View: East

Contract Information

Contingency: None
Original List Price: 239900
ListPrice: 239900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 400
Street Name: Riverside
Street Suffix: Avenue
Postal City: Park Rapids
County: Hubbard
State: MN
Zip Code: 56470

Assessments

Assessment Balance: 9959.6
Tax With Assessments: 5426

Basement

Foundation Dimensions: 44 x 48
Partial: Yes
Unfinished: Yes
Other: Yes

More Information

Building Information

Finished SqFt Above Ground: 2888

Income and Expenses

Annual Gross Expenses: 2826
Annual Gross Income: 26400
Annual Insurance Expense: 1146
Annual Water/Sewer Expense: 1680
Total Annual Expenses: 2826
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 24 x 24
Garage Door Height: 7
Garage Door Width: 9
Garage Square Feet: 576
Paved Lot: Yes

Public Survey Info

Range#: 35
Section#: 25
Township#: 140

Unit 1

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 12000
Finished SqFt: 1536
Full Baths: Yes
Monthly Expense: 118
Monthly Rent: 1000
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 7

Unit 2

Furnished?: No
Leased?: No
Level: 2nd Level
Unit Number: 2
Annual Rent: 14400
Finished SqFt: 1352
Full Baths: Yes
Monthly Expense: 118
Monthly Rent: 1200
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 6

Unit Details

Total Units: 2

Office/Member Info

Association: GLAR

Location, Tax and Other Information

Legal Description: SECT-25 TWP-140 RANGE-035 .42 AC 25-105A&B S1/2 OF VAC'D 4TH ST E OF RIVERSIDE AVE & N115.25 OF S205.9 OF W139.92 OF N1/2 OF NW1/4 E OF RIVERSIDE AVE EX E24
Listing City: Park Rapids
Map Page: 999
Municipality: Park Rapids
School District: Park Rapids
School District Phone: 218-237-6500
DNR Lake Classification: Not Applicable
Zip Plus 4: 441
Property ID Number: 322504200
Tax Year: 2026
Tax Amount: 3276.04
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
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.

Accessible

None: Yes

Assumable Loan

Not Assumable: Yes

Construction Status

Previously Owned: Yes

Electric

100 Amp Service: Yes
Circuit Breakers: Yes

Existing Financing

Free and Clear: Yes

Exterior

Engineered Wood: Yes
Stucco: Yes

Fencing

None: Yes

Foundation

Poured Concrete: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Internet Options

Fiber Optic: Yes

Lake Details

Lake Depth: No

Laundry

In Unit: Yes

Lock Box Type

None: Yes

Owner Pays

Trash Collection: Yes
Water: Yes

Patio, Porch and Deck Features

Covered: Yes
Deck: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes
Sidewalks: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes
Pitched: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Topography

Level: Yes

Water

City Water/Connected: Yes

Waterfront Type

River View: Yes

Waterfront View

East: Yes

No. of Ranges

One Per Unit: Yes
Two: Yes

No. of Refrigerators

One Per Unit: Yes
Two: Yes

Tenant Pays

Electricity: Yes
Heat: Yes

Unit 1 Amenities

Historic/Period Millwork: Yes
Ceiling Fan(s): Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Panoramic View: Yes
Washer/Dryer Hookup: Yes

Unit 1 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Central: Yes

Unit 1 Dining Room Description

Eat In Kitchen: Yes

Unit 1 Family Room Characteristics

Main Level: Yes

Unit 2 Amenities

Historic/Period Millwork: Yes
Open Floor Plan: Yes
Balcony: Yes
Ceiling Fan(s): Yes
Deck: Yes
Kitchen Window: Yes

Unit 2 Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Bath Description

Upper Level Full Bath: Yes

Unit 2 Cooling

Central: Yes

Unit 2 Dining Room Description

Eat In Kitchen: Yes

Listing Office: Keller Williams Realty Professionals

Last Updated: July - 28 - 2026

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