Closed

$199,900

408 1st St W, Park Rapids, MN 56470

6beds

5baths

1,824sqft

Triplex

Built in 1935

-- sqft lot

$221,400 Zestimate^®

$110/sqft

$1,260 Estimated rent

Home value

$221,400

$190,000 - $252,000

$1,260/mo

Zestimate^® history

Owner options

List your home for rent

$1,260/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$1,260/mo

Rent Zestimate^®

Refinance and save

$982/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$982/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Great 3 unit apartment building for the seasoned or first-time investor! Very low vacancy rate, ideal location just 4 blocks to downtown and Main Street in Park Rapids. One unit is 3 bedroom, one is 2 and the other is a 1 bedroom.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 5

Heating

Baseboard

Features

Basement: Block,Egress Window(s)

Interior area

Total structure area: 1,824
Total interior livable area: 1,824 sqft
Finished area above ground: 1,824
Finished area below ground: 0

Property

Parking

Parking features: Gravel

Accessibility

Accessibility features: None

Features

Levels: Two

Lot

Size: 6,969 Square Feet
Dimensions: 50 x 140
Features: Tree Coverage - Light
Topography: Level

Details

Foundation area: 1824
Parcel number: 325510200
Zoning description: Residential-Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Block, Frame
Roof: Age Over 8 Years

Condition

New construction: No
Year built: 1935

Utilities & green energy

Electric: Power Company: Minnesota Power
Gas: Electric
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Graebers Add

Location

Region: Park Rapids

Financial & listing details

Price per square foot: $110/sqft
Tax assessed value: $128,800
Annual tax amount: $2,970
Date on market: 8/5/2024
Cumulative days on market: 3 days

Price history

Date	Event	Price
8/30/2024	Sold	$199,900$110/sqft
Source: NorthstarMLS as distributed by MLS GRID #6580677 Report a problem
8/5/2024	Pending sale	$199,900+151%$110/sqft
Source: NorthstarMLS as distributed by MLS GRID #6580677 Report a problem
10/25/2012	Sold	$79,642$44/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #1959327 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,237 +25.8%	$128,800 -12.1%
2023	$1,777 -0.6%	$146,600 +25.8%
2022	$1,787 -18%	$116,500 +25.9%
2021	$2,180 +4.7%	$92,500 +10.8%
2020	$2,082	$83,500
2019	$2,082 -0.2%	$83,500 +0.5%
2018	$2,086 +6.3%	$83,100 +4%
2016	$1,962 +51.7%	$79,900 +8.3%
2015	$1,293 +3.6%	$73,800 +3.9%
2014	$1,248 -4.8%	$71,000 -14.5%
2011	$1,311 -24.5%	$83,000 +1.2%
2010	$1,736	$82,000