401 1st Ave
Pelican Rapids, MN 56572
5 bd 3 ba 3,280 sqft Built 1959 Lot 12,502 sqft multi_family
Most recent sale
$185,000
Apr 21, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 14, 2023 | Sold | $212,500 | NorthstarMLS |
| Jun 10, 2022 | Relisted | $217,500 | MLS #6140042 |
| Jan 6, 2022 | Listed | $217,500 | MLS #6140042 |
| Jan 5, 2022 | Listed | $217,500 | MLS #20-35345 |
| Apr 21, 2021 | Sold | $185,000 | Public Record |
| Nov 19, 2020 | Price changed | $184,000 | MLS #20-31937 |
| Oct 11, 2020 | Listed | $184,900 | MLS #20-5970 |
| Sep 29, 2020 | Listed | $184,900 | MLS #20-31937 |
| Nov 1, 2011 | Sold | $85,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | — | — | $278,200 | $2,782 |
| 2022 | — | — | $268,000 | $2,680 |
| 2021 | $151,200 | $11,400 | $162,600 | $2,554 |
| 2020 | $147,000 | $8,800 | $155,800 | $2,552 |
| 2019 | $132,700 | $8,800 | $141,500 | $2,266 |
| 2018 | $125,400 | $8,800 | $134,200 | $2,132 |
| 2017 | $123,400 | $8,800 | $132,200 | $2,078 |
| 2016 | $116,400 | $8,800 | $125,200 | $1,910 |
| 2015 | $113,100 | $8,800 | $121,900 | $1,882 |
| 2014 | $108,000 | $8,800 | $116,800 | $1,774 |
| 2013 | $109,200 | $10,500 | $119,700 | $1,786 |
| 2012 | $111,200 | $10,500 | $121,700 | $1,720 |
| 2007 | $110,300 | $10,500 | $120,800 | $1,470 |
Property facts
Year built
1959
Property type
multi_family
Stories
1
Beds
5
Baths
3
Living area
3,280 sqft
Lot size
12,502 sqft
ZIP code
56572
City
Pelican Rapids
Street
1st Ave
Coordinates
46.56902, -96.07738
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,110
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 401 1st Ave last sell?
401 1st Ave most recently sold on Apr 21, 2021 for $185,000.
What is the current tax assessment for 401 1st Ave?
The most recent total assessment for 401 1st Ave (year 2023) is $278,200 with $2,782 in property tax.
How does 401 1st Ave's assessment compare to its last sale price?
The current assessment is 50.4% above the last sale price of $185,000.
When was 401 1st Ave built?
401 1st Ave was built in 1959.
How does 401 1st Ave compare to others on 1st Ave?
We track 8 other properties on 1st Ave. Browse the list under "Other properties on 1st Ave" to compare beds, baths, and sale history.
What are the property facts for 401 1st Ave?
401 1st Ave is a 5 bed, 3 bath, 3,280 sqft, 12,502 sqft lot multi_family.
Is 401 1st Ave a flip candidate?
No — 401 1st Ave does not appear in our flips dataset.
Is 401 1st Ave a tax-appeal candidate?
Yes — 401 1st Ave appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-4.2%
Implied 1-yr
-16.8%
2026 Q3
$395.9K
2026 Q4
$395.9K
ZIP 56572 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 1st Ave