Closed

$175,000

616 Woodland Ave, Park Rapids, MN 56470

8beds

5baths

3,648sqft

Triplex

Built in 1970

-- sqft lot

$272,900 Zestimate^®

$48/sqft

$1,175 Estimated rent

Home value

$272,900

$240,000 - $311,000

$1,175/mo

Zestimate^® history

Owner options

List your home for rent

$1,175/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

$1,175/mo

Rent Zestimate^®

Refinance and save

$1,100/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

$1,100/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

3 for the price of 1! This rare triplex offering has an ideal location and an exceptional rental history. Features two 3 bedroom, 2 bath units and one 2 bedroom, 1 bath unit. In total there are 8 bedrooms and 5 bathrooms with an above grade equivalent of 3,600+ sq ft. Additionally, Units B and C have full, unfinished basements while Unit A benefits from the garage. Unit B has been gutted and is ready for renovation. Each unit metered individually for electric. If you are looking for an in-play investment with positive cash flow and upside significance, then look no further. Sits on a 1/3rd of an acre adjacent to the Park Rapids schools.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 5

Heating

Baseboard, Boiler

Features

Basement: Block,Unfinished

Interior area

Total structure area: 3,648
Total interior livable area: 3,648 sqft
Finished area above ground: 3,648
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Attached, Open
Attached garage spaces: 2
Has uncovered spaces: Yes
Details: Garage Dimensions (24 x 24)

Accessibility

Accessibility features: None

Features

Levels: Two

Lot

Size: 0.33 Acres
Dimensions: 104 x 140

Details

Foundation area: 1536
Parcel number: 324800600
Zoning description: Residential-Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Condition

New construction: No
Year built: 1970

Utilities & green energy

Gas: Electric, Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Cooksons Add

Location

Region: Park Rapids

Financial & listing details

Price per square foot: $48/sqft
Tax assessed value: $175,100
Annual tax amount: $4,170
Date on market: 2/28/2024
Cumulative days on market: 5 days

Price history

Date	Event	Price
3/15/2024	Sold	$175,000+9.4%$48/sqft
Source: NorthstarMLS as distributed by MLS GRID #6495790 Report a problem
3/4/2024	Pending sale	$159,995$44/sqft
Source: NorthstarMLS as distributed by MLS GRID #6495790 Report a problem
2/28/2024	Listed for sale	$159,995+156%$44/sqft
Source: NorthstarMLS as distributed by MLS GRID #6495790 Report a problem
4/29/1998	Sold	$62,500$17/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,923 +38.1%	$175,100 -31.8%
2023	$2,841 +2.6%	$256,800 +38.1%
2022	$2,768 -2.5%	$186,000 +35.8%
2021	$2,840 +5.4%	$137,000 +10.5%
2020	$2,694	$124,000
2019	$2,694 +1.4%	$124,000 +2.5%
2018	$2,656 +0.1%	$121,000 -4.4%
2016	$2,654 +33%	$126,600 +11.2%
2015	$1,996 -3.7%	$113,900 -3.5%
2014	$2,072 +8.8%	$118,000 -2.2%
2011	$1,905 -11.8%	$120,600 -1.5%
2010	$2,160	$122,400