TURNKEY INVESTOR DREAM! 11-YEAR PERFECT TENANT & IMMEDIATE CASH FLOW! ?FOR SALE BY OWNER — CONTACT OWNER DIRECTLY: 218-639-9921/ (Agents welcome with qualified buyers)Skip the headaches of finding a good tenant! This rock-solid rental property delivers effortless, guaranteed income from day one.The Investor Highlights:Perfect History: Exceptional tenant with 11 years of 100% on-time payments!Current Income: Generates $850/month in steady rent.Low Overhead: Tenant pays all electric bills.Property: Well-maintained 2 bed, 1 bath layout.Turnkey Setup: Ideal for hands-off landlords or portfolio expansion.To respect the tenant's privacy, indoor tours are reserved for serious buyers with proof of funds or pre-approval.Lock in this reliable stream of income today! Call 218-639-9921 to make an offer.
For sale by owner
$80,000
505 5th St W, Park Rapids, MN 56470
2beds
1baths
620sqft
SingleFamily
Built in 1920
6,970 Square Feet Lot
$-- Zestimate®
$129/sqft
$-- HOA
Overview
- 21 days |
- 497 |
- 18 |
Listed by:
Property Owner (218) 639-9921
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Other
Cooling
- Wall
Features
- Basement: Basement (not specified)
Interior area
- Total interior livable area: 620 sqft
Property
Features
- Exterior features: Other
Lot
- Size: 6,970 Square Feet
Details
- Parcel number: 325600200
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1920
Community & HOA
Location
- Region: Park Rapids
Financial & listing details
- Price per square foot: $129/sqft
- Tax assessed value: $34,600
- Annual tax amount: $519
- Date on market: 7/1/2026
Estimated market value
Not available
Estimated sales range
Not available
$892/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Listed for sale | $80,000+33.3%$129/sqft |
Source: Owner Report a problem | ||
| 12/17/2025 | Sold | $60,000$97/sqft |
Source: Public Record Report a problem | ||
| 5/30/2025 | Sold | $60,000-5.5%$97/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6709675 Report a problem | ||
| 5/3/2025 | Pending sale | $63,500$102/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6709675 Report a problem | ||
| 4/28/2025 | Listed for sale | $63,500$102/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6709675 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $519 -29.4% | $34,600 -17.8% |
| 2023 | $736 +44.3% | $42,100 -29.2% |
| 2022 | $510 -24.3% | $59,500 +62.1% |
| 2021 | $674 +5.6% | $36,700 +10.9% |
| 2020 | $638 | $33,100 |
| 2019 | $638 +5.6% | $33,100 +11.1% |
| 2018 | $604 +9% | $29,800 +6.4% |
| 2016 | $554 +31.9% | $28,000 -4.8% |
| 2015 | $420 -6.7% | $29,400 -6.4% |
| 2014 | $450 +13.1% | $31,400 +1.3% |
| 2011 | $398 -25.5% | $31,000 -7.2% |
| 2010 | $534 | $33,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 56470
Nearby schools
GreatSchools rating
- 7/10Park Rapids Area Century Elementary SchoolGrades: PK-6Distance: 0.7 mi
- 3/10Park Rapids Area Century Middle SchoolGrades: 7-8Distance: 0.7 mi
- 5/10Park Rapids Senior High SchoolGrades: 9-12Distance: 0.5 mi
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- $150,0002 bd2 ba1.2k sqft508 5th St W, Park Rapids, MN 56470Sold
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A local agent can set up tours, give advice and negotiate with sellers.
