Investment Properties for Sale in Park Rapids, MN
Listed for sale 1 day ago
$ 279,900
ROI
24.5
Cash Flow/m
367- 3 Bed
- 3 Bath
- 1107 sft
400 Eastern Ave S, Park Rapids, MN, 56470
$ 210,000
ROI
22.6Cash Flow/m
164- 3 Bed
- 3 Bath
- 1501 sft
806 Pine St APT 5, Park Rapids, MN, 56470
$ 459,900
ROI
21.1Cash Flow/m
170- 4 Bed
- 3 Bath
- 2936 sft
17653 County Road 18, Park Rapids, MN, 56470
Fix & Flip
$ 225,000
ROI
22.5Cash Flow/m
170- 3 Bed
- 3 Bath
- 1802 sft
12048 County Road 32, Park Rapids, MN, 56470
Why Invest in Park Rapids, Minnesota?
Investing in Park Rapids, MN offers a unique opportunity in the northern Minnesota market with steady appreciation and solid rental yields. Whether focusing on single-family homes or multi-family units, investors benefit from average ROI around 7% and cap rates close to 6%. The area has a healthy renter-occupied rate of about 40%, supported by local employment growth and seasonal tourism. Cash flow averages around $800 monthly and the market shows consistent rental demand.
7%
Avg. ROI
6%
Rental Yield
5.8%
Cap Rate
$800/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Park Rapids is approximately 6%, making it an attractive market for rental property investors.
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