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East Grand Forks, MN Apartment Buildings for Sale

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Grand Forks, ND Emerado, ND Crookston, MN
81-Unit Multifamily Investment Opportunity
Updated: Feb 23
81-Unit Multifamily Investment Opportunity

208 2nd St NW, East Grand Forks, MN 56721

$6,000,000
47,061 sqft
Rare opportunity to acquire an 81‑unit legacy property in a high‑demand market, never previously offered for sale.
Significant value‑add potential through interior modernization to capture market rents and increase NOI.
Highly desirable unit mix of 78 one‑bedroom and 3 two‑bedroom units.
Underutilized revenue enhancement opportunities through strategic rent increases, RUBS, parking, laundry, and premium unit finishes.
Rare entry point into a supply‑constrained multifamily market.
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in East Grand Forks, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Grand Forks Multifamily Investment Opportunity
Grand Forks Multifamily Investment Opportunity

2212 12th Ave N, Grand Forks, ND 58201

$889,000
13,344 sqft

24-unit multifamily property in Grand Forks, built in 1963.

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Historic Mixed-Use Grand Forks Property
Historic Mixed-Use Grand Forks Property

22 S 3rd St, Grand Forks, ND 58201

$1,400,000
13,520 sqft

13,520 SF historic property with residential and restaurant space.

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Multifamily Property in Thief River
Multifamily Property in Thief River

624 Kinney Ave, Thief River Falls, MN 56701

$1,080,000

24-unit multifamily property with development potential in Thief River Falls.

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Thief River Falls Apartment Building
Thief River Falls Apartment Building

15244 Douglas Avenue, Thief River Falls, MN 56701

$450,000
3,936 sqft

Ten-unit apartment building with additional land available in Thief River Falls.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Development Land, Springfield MO
Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000
29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

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Norman Land For Luxury Condos
Norman Land For Luxury Condos

801 NW 36th Avenue, Norman, OK 73072

$285,000
0.74 AC lot

Prime Norman land suitable for luxury condos development.

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Buildable Lot for Luxury Condos
Buildable Lot for Luxury Condos

801 36th Ave NW, Norman, OK 73072

$285,000
0.74 AC lot

0.74 acre buildable lot zoned for low-density apartments.

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Land Near Shepherd University
Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000
3.70 AC lot

Prime land near Shepherd University with development potential.

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East Grand Forks, MN Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in East Grand Forks, MN on our real estate platform. These investment opportunities span a total of 47,061 square feet of properties for sale, with an estimated market value of $6,000,000.

Sale prices for two-family homes in East Grand Forks, MN start at $6,000,000, averaging $6,000,000, and reaching up to $6,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 11K
Population Growth (5Y) +6.0%
Median Household Income $83,633
College Educated 35.0%

High-Yield Neighborhoods for Investment

Identify East Grand Forks submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
56721 $6M

Taxes & Financing

Tax Rate (average for all types) 2.21%
Property Tax per SF $40.08 per SF
Tax Rate vs County Average 0.41 pp above county avg
Average Loan-to-Value 65.0%

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