503 2nd Street W, Park Rapids, MN 56470
2 Beds | 2 Baths | 1,337 Sq Ft | Single Family Home | MLS# 7152553
Is 503 2nd Street W a Good Deal?
BuyPulse Verdict
Excellent Value
At $116/sqft — This home is priced 45% below the typical Park Rapids single-family home of $210/sqft.
Your Negotiating Position
52 — Balanced market
Day 12 — Park Rapids homes overall typically go under contract by day ~14.
6 similar homes for sale — alternatives if they won't move.
Powered by the Realgorithm™ — 65 active Park Rapids listings · NorthstarMLS
$991/month Estimated
- Principal & interest
- $784
- Property taxes
- $117
- Home insurance (est.)
- $90
- HOA dues
- None
20% down ($31,000) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
Located in Prc Graebers Add, Park Rapids, MN.
About This Home
Take a look at this inviting home near Main Street, where you can walk to many restaurants and everyday businesses. Even so, the setting feels quiet and private, just off the main drag. Set on a city lot, the property includes THREE garages with plenty of work space and storage space, offering plenty of room for parking and storage. Inside, you will find two levels of finished square footage with a partial remodel recently completed. Updates include new flooring, bathroom updates, some new windows, and a newly installed sliding door that opens to the backyard for an easy indoor-outdoor flow. There is canning storage in the basement, plus an apple tree in the backyard that produces apples each year, along with small garden space that is ready to use next season.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $116K and $194K in Park Rapids:
- The field: 6 similar Park Rapids homes for sale — a short list right now.
Powered by the Realgorithm™ — real Park Rapids closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1947
- Garage
- 3-Car Detached
- Style
- Two
- HOA
- None
- Annual Taxes
- $1,402 (2026)
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 1,337
- Lot Size
- 0.29 acres
- Basement
- Yes
- Roof
- Age Over 8 Years, Asphalt
- Construction
- Concrete, Frame
- County
- Hubbard
- List Date
- 2026-09-30
- Days on Market
- 12 days
- Parcel ID
- 325501100
Financial
- Total Tax incl. Assessments
- $1,402
Home Systems & Utilities
- Heating
- Forced Air, Humidity Control, Wood Stove
- Cooling
- Wall Unit(s)
- Electric
- Circuit Breakers
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
- Appliances
- Dryer, Electric Water Heater, Freezer, Humidifier, Range, Refrigerator, Washer
Interior Features
- Laundry
- In Basement, Electric Dryer Hookup, Sink, In Unit, Washer Hookup
Construction & Exterior
Construction & Structure
- Foundation Type
- Poured Concrete
- Foundation Area
- 836 sqft
- Total Building Area
- 1,777 sqft
Exterior Features
- Exterior Features
- Brick Veneer, Vinyl
- Pool
- Yes
- Fenced Area
- Yes
- Other Structures
- Garage(s), Lean-To
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Detached Garage, Concrete, Garage Door Opener, Multiple Garages, Storage
Lot & Land
- Lot Features
- Public Transit (w/in 6 blks), Tree Coverage - Light, Underground Utilities
- Road Surface
- City Street, Paved Streets, Street Lights
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- AXEN Realty
Price History
Listed at $155,000 on Sep 30, 2026 — No price changes
503 2nd Street W is listed in Park Rapids, MN, part of Hubbard County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 503 2nd Street W
Associate Broker · Modern Market REALTORS®
Your Park Rapids real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by AXEN Realty · Shown by Modern Market REALTORS®
First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.
View Full Listing & PhotosMLS# 7152553 · Data refreshed October 1, 2026
Similar Homes for Sale Near 503 2nd Street W, Park Rapids, MN
Frequently Asked Questions About 503 2nd Street W
- Is $155,000 a good price for a home in Park Rapids?
- According to BuyPulse, 503 2nd Street W rates Excellent Value — at $116/sqft it's priced 45% below the typical Park Rapids single-family home of $210/sqft. Its negotiating-position score is 52/100 (Balanced market), weighed on days on market, comparable inventory, and how Park Rapids homes are closing versus list. Powered by the Realgorithm™. Browse Park Rapids homes for sale to compare.
- Does 503 2nd Street W have a basement?
- Yes, 503 2nd Street W has a basement.
- What type of heating and cooling does 503 2nd Street W have?
- 503 2nd Street W has Forced Air, Humidity Control, Wood Stove heating and Wall Unit(s) cooling.
- Where is 503 2nd Street W located?
- 503 2nd Street W is in the Prc Graebers neighborhood of Park Rapids, MN 56470, in Hubbard County.
- Is 503 2nd Street W still available?
- Yes — 503 2nd Street W is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 503 2nd Street W built?
- 503 2nd Street W was built in 1947. It features concrete, frame construction and a poured concrete foundation.
- Does 503 2nd Street W have main-floor laundry?
- No — the laundry at 503 2nd Street W is in the lower level.
- How walkable is 503 2nd Street W?
- 503 2nd Street W has a Walk Score of 62/100 (Somewhat Walkable) and a Bike Score of 51/100 (Somewhat Bikeable). Scores provided by Walk Score® →
- How many homes like 503 2nd Street W are for sale in Park Rapids?
- 6 similar homes (single-family homes between $116K and $194K in Park Rapids) are for sale right now — a short list right now.
- What does "BuyPulse" mean?
- BuyPulse™ is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.
- What does "Realgorithm™" mean?
- The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Park Rapids area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/13/2026, 1:17 AM CDT. 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.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.