1511 4th Street West Williston, ND 58801
Commercial Sale, Other - Williston, ND
- Added:
- Jan 29, 2026
- Days on Market:
- 163
- Last Refresh:
- Jul 11 at 4:06 am
Property Features for 1511 4th Street West
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 29,184 SF
- Lot size
- 2.18 Acres
Building Details
- Year built
- 1979
- Architectural style
- Other
Listing agent Heather Kitzman License #7618,PersonLicenseNumber (701) 570-0733
Listing office NextHome Fredricksen Real Estate 719 2nd St. W, ND (701) 572-8167
Listing date Jan 29, 2026
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Updated property featuring 32 units in four 8‑plex buildings totaling 29,184 SF.
- Excellent potential for additional unit development due to the inclusion of a separate 28,000 SF lot zoned R‑3.
- Strong and consistent rental demand due to a desirable unit mix, including thirty 2‑bedroom/1‑bath units.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $339.7k | $11.64 |
| − Vacancy | −$10.5k | −$0.36 |
| EGI | $329.2k | $11.28 |
| − OpEx | −$148.1k | −$5.08 |
| NOI | $181.0k | $6.20 |
