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    530 1St Ave S New Rockford, ND 58356

    Sponsored
    For Sale
    $105,000

    Multi-Unit (2-4) - New Rockford, ND

    Property size:
    1,688 SF
    Lot size:
    0.24 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 21 at 5:06 am

    Property Features for 530 1St Ave S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    100
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen
    Bedrooms
    4
    Bathrooms
    2
    Parking features
    Garage, Garage - Attached
    Basement Y/N
    1
    Appliances
    Dryer, Microwave, Refrigerator
    Size
    1,688 SF
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1903
    Year renovated
    1903
    Floors in Building
    2
    Flooring type
    Carpet, Tile
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Sara Reese

    VORLAND LAND COMPANY (701) 947-5626

    Listing agent Sara Reese (701) 947-5626

    Listing date Feb 17, 2026

    MLS# 11656152 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Income-Producing New Rockford Multi-Unit Property

    This property in New Rockford offers flexibility and value as a single-family home with extra space or an investment opportunity. The main level features 2 bedrooms, a full bathroom, laundry, a full kitchen, a dining room, and a spacious living room. The upstairs apartment, accessible via a separate entrance, includes 2 bedrooms, a full bathroom, a full kitchen, a dining room, and a living room. It is suited for rental income, multi-generational living, first-time homebuyers, or owner-occupancy with tenant income. The upstairs apartment has a potential rental income of $800 per month. Additional highlights include new shingles planned for 2025, a double attached garage, and a large corner lot. Both the main level and upstairs apartment feature beautiful tile showers and tiled backsplashes. The property includes two full kitchens and two full bathrooms. The property size is 1688 square feet and the lot size is 0.24 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Rockford
    County
    Eddy
    State
    North Dakota
    Longitude
    -99.134713
    Latitude
    47.679377

    Nearby Similar for Sale

    • $295,000
      4,000 SF

      Versatile Commercial Building in New Rockford

      Adaptable commercial space with high visibility and redevelopment potential.
      120 South 1St St, New Rockford, ND 58356
      View Details
    • $325,000
      2,496 SF

      Well-Maintained Duplex in Prime Location

      Income potential and comfortable living in one package!
      920 1St Ave N, New Rockford, ND 58356
      View Details

    FAQs

    What type of property is this?
    Duplex - Versatile property with rental income potential in New Rockford.
    Where is this duplex located?
    The property is located at 530 1St Ave S New Rockford, ND.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: - Income-producing property with potential $800/month rental income from upstairs apartment; - Two separate living spaces: main level and upstairs apartment with separate entrance, each including 2 bedrooms, full bathroom, full kitchen, dining room, and living room; - New shingles (2025)
    (701) 789-1768
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    530 1St Ave S New Rockford, ND 58356
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    New Rockford, ND 58356
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    530 1St Ave S New Rockford, ND 58356
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    We can help!
    Listing Contact
    Sara Reese
    (701) 789-1768 (701) 947-5626
    Learn more
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