$3,444 Closing Credit¹
#6703299, Listing Office: Keller Williams Realty Professionals
$63,500 List price
505 5th St W Park Rapids, MN 56470
$754
Closing credit¹
2 beds
1 full
696 sqft
$91 / sqft
House
Property details
About 505 5th St W
2 bedroom Park Rapids city home at 505 5th St West. Conveniently located close to a park, the fairgrounds and the hospital, this would be an excellent starter home or investment rental property! Large lot extending back to the alley. Affordably priced!
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
Size696 sqft
Year built1920
ParkingGravel
MLS #6709675
Summary
- Full Bathrooms: 1
- Appliances: Dryer, Range, Refrigerator, Washer
- Basement: No
- Total Bedroom Count: 2
- Parking: Gravel
- Heating: Forced Air
- Cooling: None
- List Price: $63,500
- Price/SqFt: $91
- Annual Tax Amount: $519
- Tax Year: 2023
- Lot: Few Trees
- Directions: From the Park Rapids intersection of Hwy 71/34, go west on 34 to left onto Pleasant Ave. Take a right onto 5th St W and the property will be on the right.
- Year Built: 1920
- Living Area: 696 SqFt
- MLS Number: 6709675
- MLS Name: NORTHSTAR
- Office Name: Keller Williams Realty Professionals
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$63,500
505 5th St W
$754
closing credit¹
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0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $42,000 | $519 |
| 2022 | $59,500 | $736 |
| 2020 | $36,700 | $674 |
| 2019 | $33,100 | $638 |
| 2018 | $29,800 | $604 |
History based on county public records data.
Nearby schools
6
Park Rapids Century Elementary School
Public District PK-4
0.8 mi
•501 Helten Ave
7
Nevis Elementary School
Public District PK-6
10.9 mi
•210 Pleasant St W
6
Menahga Elementary School
Public District PK-4
11.6 mi
•216 Aspen Ave SE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,764. Typical income of Park Rapids, MN residents is less than $<35k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
54%
<35k
39%
35k-100k
2%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
54%
Single, No Kids
13%
Single, with Kids
20%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
7%
12-17 yrs old
20%
18-34 yrs old
30%
35-64 yrs old
26%
65+ yrs old
What do the neighbors do for fun?
NASCAR
Pro Wrestling
Figure Skating
Where do the neighbors shop?
Dollar General
Wal-Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Applebees
Jimmy Johns
What do the neighbors drive?
GMC
Dodge
Cadillac
What do the neighbors listen to?
Classic Country- Country
Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 505 5th St W
The listing price of 505 5th St W property is $63,500.
The property 505 5th St W is a house located in Park Rapids, Minnesota, 56470.
Active Listing: 505 5th St W is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 505 5th St W are: Park Rapids Century Elementary School (GreatSchools Rating 6/10), Nevis Elementary School (GreatSchools Rating 7/10), Menahga Elementary School (GreatSchools Rating 6/10), Park Rapids Century Middle School (GreatSchools Rating 3/10), Pine Point Elementary School (GreatSchools Rating 4/10), Laporte Middle School (GreatSchools Rating 4/10), Park Rapids High School (GreatSchools Rating 4/10), Headwaters Education Learning Program (GreatSchools Rating 1/10), Nevis Secondary School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $519 (source: MLS/based on county public records data).
The property at 505 5th St W has 2 bedrooms and 1 bathroom.
The property 505 5th St W is 696 SqFt (source: MLS/tax record).
The year of construction for 505 5th St W is 1920.
This home is located at 505 5th St W in Park Rapids, MN and zip code 56470. This 696 square foot home was built in 1920. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 28, 2025 and is currently priced at $63,500.
In April 2025, from all listings sold in Park Rapids, MN there were more than 2 sold above asking price, over 5 sold below and more than 0 were sold right at the asked price. The inventory of homes for sale in Park Rapids, MN between March and April 2025 increased by 40.5%. In April 2025, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $289,950.
From Rocket Homes Real Estate and based on county public records data.