Well-maintained duplex currently generating $3,125/month in rental income with tenants already in place. This property offers immediate cash flow for investors and could also be a great opportunity for an owner-occupant to live in one unit while the other produces income.
The property sits on an oversized lot that may offer potential for a future lot split or additional building opportunity (buyer to verify with city).
Conveniently located near downtown Brainerd and Essentia Health hospital, making it an attractive location for tenants and long-term rental demand.
Property Highlights
• Duplex with stable tenants in place
• Gross rent: $3,125/month ($37,500/year)
• Strong rental history
• Large lot with possible development potential
• Convenient location near downtown and hospital
• Turnkey income property
• Investor or owner-occupant opportunity
Seller Financing Available
Flexible terms available for qualified buyers with substantial down payment.
Great opportunity for:
• Investors seeking strong cash flow
• Buyers interested in seller financing
• Owner-occupants wanting rental income
• Buyers interested in future development potential
Owner is currently traveling. Showings will be scheduled for qualified buyers once the owner returns.
Serious inquiries only. Message for additional details.
For sale by owner
$265,000
215 N 3rd St, Brainerd, MN 56401
5beds
2,140sqft
Est.:
MultiFamily
Built in 1910
-- sqft lot
$-- Zestimate®
$124/sqft
$-- HOA
What's special
Oversized lot
- 18 days |
- 900 |
- 36 |
Listed by:
Property Owner (218) 820-9881
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Hardwood, Laminate
- Basement: Unfinished
Interior area
- Total interior livable area: 2,140 sqft
Property
Lot
- Size: 0.33 Acres
Construction
Type & style
- Home type: MultiFamily
Condition
- New construction: No
- Year built: 1910
Community & HOA
Location
- Region: Brainerd
Financial & listing details
- Price per square foot: $124/sqft
- Date on market: 3/12/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,370/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2026 | Listed for sale | $265,000$124/sqft |
Source: Owner Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$1,502/mo
Principal & interest
$1350
Property taxes
$152
More affordability tools
Climate risks
Neighborhood: 56401
Nearby schools
GreatSchools rating
- 8/10Lowell Elementary SchoolGrades: K-4Distance: 1.1 mi
- 6/10Forestview Middle SchoolGrades: 5-8Distance: 4.1 mi
- 9/10Brainerd Senior High SchoolGrades: 9-12Distance: 0.5 mi
Local experts in 56401
- Minnesota
- Crow Wing County
- Brainerd
- 56401
- 215 N 3rd St





