$950,000
 $5,100 est/mo Sourced by Back At You

1311 Summit Avenue,Detroit Lakes, MN 56501

Detroit Lakes, MN 56501

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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.

Details

MLS #7082979
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1949
Days On Site89
Listing Provided ByThe Real Estate Company of Detroit Lakes | Christopher Howard Nord

Features

Bed(s)11
Bath(s)7
SQ Feet6,892
Garage2
BasementY
Story(s)2
Units4
ZoningResidential-Multi-Family
Acreage0.43

Interior

HeatingBaseboard, Forced Air, Fireplace(s)

Exterior

RoofAsphalt
Construction MaterialsFrame
Lot FeaturesTree Coverage - Medium

Parking

Parking FeaturesDetached Garage, Concrete

Taxes

Property8584

Area Information

StateMN
CountyBecker
CityDetroit Lakes
Zip Code56501
Community NameIversons Add
School District22
High SchoolDetroit Lakes
Listing VS Median (in Iversons Add)
Price:
$950,000
low | high
Med:
$950,000
50% of Average
sqft:
6,892
low | high
Med:
6,892
50% of Average
$ / sqft:
$138
low | high
Med:
$138
50% of Average
On site:
89
low | high
Med:
89
100% of Average
Sourced by Back At You

Market Activity 56501

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Additional Information

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 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of August 27, 2026 at 12:15:15 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

Coldwell Banker Crown Park Rapids

Coldwell Banker Crown Park Rapids

 (218) 732-3381parkrapids@coldwellbankercrown.com
StateMN
CountyBecker
CityDetroit Lakes
Zip Code56501
Community NameIversons Add
School District22
High SchoolDetroit Lakes
Listing VS Median (in Iversons Add)
Price:
$950,000
low | high
Med:
$950,000
50% of Average
sqft:
6,892
low | high
Med:
6,892
50% of Average
$ / sqft:
$138
low | high
Med:
$138
50% of Average
On site:
89
low | high
Med:
89
100% of Average
Sourced by Back At You
Listing Updated: August 4, 2026 at 12:39:38 PM PDT

Coldwell Banker Crown

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