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Neal Lawson

neal@mndreamteam.com +1(612) 418-5892

$ 950,000

Est. payment -/mo

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Active

1311 Summit AVE Detroit Lakes, MN 56501

11 Beds

7 Baths

6,892 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,892 sqft

Price per Sqft $137

Subdivision Iversons Add

MLS Listing ID 7082979

Bedrooms 11

Year Built 1949

Annual Tax Amount $8,584

Tax Year 2025

Contingent None

Lot Size 0.430 Acres

Lot Dimensions 150x125

Property Sub-Type Fourplex

Property Description

This one-of-a-kind 4-plex is perfectly situated within the 1st block of the Detroit Lake City Beach and The Heartland State Trail, directly across the street from People's Park and just up the street from Zorbaz, not to mention Kent Freeman Arena, The Becker County Fairgrounds, MN Flyers Gymnastics, and more — offering unbeatable convenience and appeal for tenants. Extensive renovations have been completed on multiple units in recent years, featuring modern appliances, updated flooring, kitchen remodels, bathroom updates, new lighting, and thoughtful insulation improvements. The property continues to benefit from strong rental performance and has established itself as a reliable source of income. The 5-bed/3-bath unit is fully furnished and turnkey for immediate occupancy. The 2-bed unit will be vacant and available at the end of the month. Whether you're an investor looking for steady cash flow or someone seeking to live in a unique multi-family property with strong upside and increasing value in a high-demand area for future development, this is truly a standout opportunity.

Location

State MN

County Becker

Zoning Residential-Multi-Family

Rooms

Basement Partial, Partially Finished

Interior

Heating Baseboard, Forced Air, Fireplace(s)

Fireplace No

Laundry In Unit

Exterior

Parking Features Detached Garage, Concrete

Garage Spaces 2.0

Fence Partial, Vinyl

Roof Type Asphalt

Building

Lot Description Tree Coverage - Medium

Story Two

Foundation 3048

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Frame

New Construction false

Schools

School District Detroit Lakes

Others

Virtual Tour https://player.vimeo.com/video/1196539283

Listed by Christopher Nord • The Real Estate Company of Detroit Lakes

NEARBY SCHOOLS & PROPERTIES

Neal Lawson

Broker Associate | License ID: 502039225

+1(612) 418-5892

Neal Lawson

1311 Summit AVE Detroit Lakes, MN 56501

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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