Real Estate Investment Properties for Sale in Pelican Rapids, MN

Looking for investment property in Pelican Rapids, MN with high ROI ?

Explore a variety of short-term homes & houses in Pelican Rapids, MN. Invest wisely with VRBO & Pelican Rapids, MN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Pelican Rapids, MN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
421 1st Street SE Pelican Rapids, MN This small home is ready for a refresh and priced with its potential in mind. With some TL...	2 beds \| 1 baths \| 1,106 sq.ft.	$74,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.72% Airbnb Rental Income: $null Traditional Rental Income: $1054 Airbnb ROI: N/A Traditional ROI: 10.72%
25809 Emerald Drive Pelican Rapids, MN Experience luxury lake living at this incredible 4 bedroom, 4 bathroom executive retreat o...	4 beds \| 4 baths \| 5,639 sq.ft.	$1,569,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.54% Airbnb Rental Income: $null Traditional Rental Income: $1538 Airbnb ROI: N/A Traditional ROI: -0.54%
24718 W Elbow Road Pelican Rapids, MN Donât miss this high-end 3 bedroom, 2 bathroom home built in 2018, set on 5 private acre...	3 beds \| 2 baths \| 2,591 sq.ft.	$649,900	Airbnb cash on cash: -1.05% Traditional cash on cash: 3.45% Airbnb Rental Income: $631 Traditional Rental Income: $3063 Airbnb ROI: -1.05% Traditional ROI: 3.45%
301 4th Avenue SE Pelican Rapids, MN Welcome to this well-designed 4-bedroom, 3-bathroom home built in 1993, featuring a privat...	4 beds \| 3 baths \| 2,152 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.73% Airbnb Rental Income: $null Traditional Rental Income: $3072 Airbnb ROI: N/A Traditional ROI: 6.73%
24864 Tri Lakes Dr Pelican Rapids, MN 24864 Tri Lakes Dr, Pelican Rapids, MN 56572 \| Single Family Residential	4 beds \| 2 baths \| 2,689 sq.ft.	$759,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.79% Airbnb Rental Income: $null Traditional Rental Income: $2855 Airbnb ROI: N/A Traditional ROI: 1.79%
24086 Bass Harbor Trl Pelican Rapids, MN 24086 Bass Harbor Trl, Pelican Rapids, MN 56572 \| Single Family Residential	3 beds \| 2 baths \| 4,960 sq.ft.	$1,350,000	Airbnb cash on cash: -1.98% Traditional cash on cash: -0.24% Airbnb Rental Income: $631 Traditional Rental Income: $2517 Airbnb ROI: -1.98% Traditional ROI: -0.24%
18987 N Hidden Acres Loop Pelican Rapids, MN 18987 N Hidden Acres Loop, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.07% Airbnb Rental Income: $null Traditional Rental Income: $781 Airbnb ROI: N/A Traditional ROI: 0.07%
TBD1 190th St Pelican Rapids, MN TBD1 190th St, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$76,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.64% Airbnb Rental Income: $null Traditional Rental Income: $1048 Airbnb ROI: N/A Traditional ROI: 10.64%
51509 County Hwy 9 Pelican Rapids, MN	4 beds \| 2 baths \| 3,680 sq.ft.	$1,150,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.16% Airbnb Rental Income: $null Traditional Rental Income: $2523 Airbnb ROI: N/A Traditional ROI: 0.16%
TBD 190th St Pelican Rapids, MN TBD 190th St, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$126,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.53% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 3.53%
XXXX E Lake Lizzie Rd Pelican Rapids, MN XXXX E Lake Lizzie Rd, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.1% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 1.1%
Lot 11, Block 2 Alivia's Ave Pelican Rapids, MN Lot 11, Block 2 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$105,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.61% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 4.61%
Lot 3, Block 1 Alivia's Ave Pelican Rapids, MN Lot 3, Block 1 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$119,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.85% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 3.85%
21297 Lot 1 Broadwater Dr Pelican Rapids, MN 21297 Lot 1 Broadwater Dr, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$1,200,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.51% Airbnb Rental Income: $null Traditional Rental Income: $770 Airbnb ROI: N/A Traditional ROI: -1.51%
Lot 3 Blk 2 Lakeway Dr Pelican Rapids, MN Lot 3 Blk 2 Lakeway Dr, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$80,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.58% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 6.58%
Lot 2 Blk 1 Lakeway Dr Pelican Rapids, MN Lot 2 Blk 1 Lakeway Dr, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$80,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.58% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 6.58%
Lot 2 Block 1 River View Trl Pelican Rapids, MN Lot 1 Block 2 River View Trl, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$60,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.26% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 9.26%
Lot 1 Block 3 River View Trl Pelican Rapids, MN Lot 1 Block 3 River View Trl, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$65,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.44% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 8.44%
Lot 8 Block 1 River View Trl Pelican Rapids, MN Lot 8 Block 1 River View Trl, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$120,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.8% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 3.8%
Lot 8 Block 3 River View Trl Pelican Rapids, MN Lot 8 Block 3 River View Trl, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$65,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.44% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 8.44%
Lot 10, Block 2 Alivia's Ave Pelican Rapids, MN Lot 10, Block 2 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$95,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.28% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 5.28%
Lot 9, Block 2 Alivia's Ave Pelican Rapids, MN Lot 9, Block 2 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$100,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.93% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 4.93%
Lot 8, Block 2 Alivia's Ave Pelican Rapids, MN Lot 8, Block 2 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$110,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.31% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 4.31%
Lot 7, Block 2 Alivia's Ave Pelican Rapids, MN Lot 7, Block 2 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$115,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.05% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 4.05%
Lot 5, Block 2 Alivia's Ave Pelican Rapids, MN Lot 5, Block 2 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.57% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 3.57%
Lot 3, Block 2 Alivia's Ave Pelican Rapids, MN Lot 3, Block 2 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$110,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.31% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 4.31%
Lot 4, Block 2 Alivia's Ave Pelican Rapids, MN Lot 4, Block 2 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$110,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.31% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 4.31%
Lot 2, Block 2 Alivia's Ave Pelican Rapids, MN Lot 2, Block 2 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.57% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 3.57%
Lot 2, Block 1 Alivia's Ave Pelican Rapids, MN Lot 1, Block 2 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$100,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.93% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 4.93%
Lot 9, Block 1 Alivia's Ave Pelican Rapids, MN Lot 9, Block 1 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$85,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.11% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 6.11%
Lot 8, Block 1 Alivia's Ave Pelican Rapids, MN Lot 8, Block 1 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.13% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 7.13%
Lot 7, Block 1 Alivia's Ave Pelican Rapids, MN Lot 7, Block 1 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$85,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.11% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 6.11%
Lot 6, Block 1 Alivia's Ave Pelican Rapids, MN Lot 6, Block 1 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.57% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 3.57%
Lot 4, Block 1 Alivia's Ave Pelican Rapids, MN Lot 4, Block 1 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$119,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.85% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 3.85%
Lot 5, Block 1 Alivia's Ave Pelican Rapids, MN Lot 5, Block 1 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.57% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 3.57%
Lot 1, Block 1 Alivia's Ave Pelican Rapids, MN Lot 1, Block 1 Alivia's Ave, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$85,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.11% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 6.11%
Lot 17 Block 2 River View Trl Pelican Rapids, MN Lot 17 Block 2 River View Trl, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$105,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.61% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 4.61%
Lot 2 Block 2 River View Trl Pelican Rapids, MN Lot 2 Block 2 River View Trl, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.57% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 3.57%
Lot 2 Block 3 River View Trl Pelican Rapids, MN Lot 3 Block 2 River View Trl, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$65,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.44% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 8.44%
Lot 9 Block 2 River View Trl Pelican Rapids, MN Lot 9 Block 2 River View Trl, Pelican Rapids, MN 56572 \| Other	N/A beds \| N/A baths \| N/A	$110,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.31% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 4.31%

Real Estate investment in Pelican-rapids, MN

There are 82 properties for sale in the city of Pelican Rapids . The median list price in Pelican Rapids is $125,000 and the average price per square foot is $89. In March 2026, the average monthly cash on cash return in Pelican Rapids is 4.00%. The average monthly rental income in Pelican Rapids is $776.

Pelican-rapids, MN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 82 investment properties available for sale in Pelican-rapids.

In 2026, the best neighborhood to buy investment property is Pelican Rapids.

The ROI for Long-Term is higher than the Short-Term in Pelican-rapids with average rental income of $776.

Your search for investment property begins and ends here

Investment Property for Sale in Pelican Rapids, MN

421 1st Street SE

Pelican Rapids, MN

2 beds | 1 baths | 1,106 sq.ft.

$74,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.72%

Airbnb Rental Income: $null

Traditional Rental Income: $1054

Airbnb ROI: N/A

Traditional ROI: 10.72%

25809 Emerald Drive

Pelican Rapids, MN

4 beds | 4 baths | 5,639 sq.ft.

$1,569,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.54%

Airbnb Rental Income: $null

Traditional Rental Income: $1538

Airbnb ROI: N/A

Traditional ROI: -0.54%

24718 W Elbow Road

Pelican Rapids, MN

3 beds | 2 baths | 2,591 sq.ft.

$649,900

Airbnb cash on cash: -1.05%

Traditional cash on cash: 3.45%

Airbnb Rental Income: $631

Traditional Rental Income: $3063

Airbnb ROI: -1.05%

Traditional ROI: 3.45%

301 4th Avenue SE

Pelican Rapids, MN

4 beds | 3 baths | 2,152 sq.ft.

$350,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.73%

Airbnb Rental Income: $null

Traditional Rental Income: $3072

Airbnb ROI: N/A

Traditional ROI: 6.73%

24864 Tri Lakes Dr

Pelican Rapids, MN

4 beds | 2 baths | 2,689 sq.ft.

$759,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.79%

Airbnb Rental Income: $null

Traditional Rental Income: $2855

Airbnb ROI: N/A

Traditional ROI: 1.79%

24086 Bass Harbor Trl

Pelican Rapids, MN

3 beds | 2 baths | 4,960 sq.ft.

$1,350,000

Airbnb cash on cash: -1.98%

Traditional cash on cash: -0.24%

Airbnb Rental Income: $631

Traditional Rental Income: $2517

Airbnb ROI: -1.98%

Traditional ROI: -0.24%

18987 N Hidden Acres Loop

Pelican Rapids, MN

N/A beds | N/A baths | N/A

$335,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.07%

Airbnb Rental Income: $null

Traditional Rental Income: $781

Airbnb ROI: N/A

Traditional ROI: 0.07%

TBD1 190th St

Pelican Rapids, MN

N/A beds | N/A baths | 0 sq.ft.

$76,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.64%

Airbnb Rental Income: $null

Traditional Rental Income: $1048

Airbnb ROI: N/A