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    809 Oak St Lisbon, ND 58054

    For Sale
    $299,900

    Historic 8-unit multi-family, high occupancy.

    Property size:
    5,445 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional investment opportunity presents an eight-unit multi-family property situated at 809 Oak Street in Lisbon, North Dakota. The property, known as St. Aloysius, boasts a rich history, originally serving as a school before its conversion into apartments in 1979. This three-story building offers a mix of four two-bedroom units and four one-bedroom units, providing a diverse rental portfolio. Significant updates have been implemented throughout the units, enhancing their appeal and functionality. Residents enjoy the convenience of a coin-operated laundry facility located within the building. Ample parking is available, with a four-stall attached garage and an additional five off-street parking spaces. The property benefits from a recently replaced roof, ensuring long-term structural integrity. St. Aloysius is currently professionally managed, demonstrating consistent high occupancy rates and a strong financial performance, currently achieving an 8.5% capitalization rate. This property is situated on a 0.32-acre lot and encompasses 5,445 square feet of space. Further enhancing its investment potential, this property is eligible for Renaissance Zone Incentives, offering potential tax advantages. Priced at $299,900, this is a rare opportunity to acquire a well-maintained, high-performing multi-family asset in a desirable location.

    Property Features for 809 Oak St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,445 SF
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lisbon
    County
    Ransom
    State
    North Dakota
    Longitude
    -97.68192
    Latitude
    46.4355

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    FAQs

    What type of property is this?
    Commercial real estate - Historic 8-unit multi-family, high occupancy.
    Where is this commercial real estate located?
    The property is located at 809 Oak St Lisbon, ND.
    What is the asking price?
    The asking price for this property is $299,900.
    (612) 751-9303
    Request Owner's contact information
    809 Oak St Lisbon, ND 58054
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    Realmo Value Estimation

    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.

    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.

    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
    809 Oak St Lisbon, ND 58054
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