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    501 Memorial Hwy Bismarck, ND 58504

    Sponsored
    For Sale
    $730,000

    Nine-plex, 4 two-bed, 5 studio apartments.

    Property size:
    4,365 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a nine-unit multifamily property located at 501 Memorial Highway in Bismarck, North Dakota. The property encompasses a substantial 4,365 square feet and sits on a 0.86-acre lot, offering ample space and potential for future development or expansion. The building comprises a diverse mix of apartment styles, catering to a range of tenant preferences. Four units boast two bedrooms each, providing comfortable living spaces for families or individuals seeking more room. Five additional units are designed as efficient studio apartments, ideal for single occupants or those seeking budget-friendly housing options. It's important to note that the five studio apartments are located upstairs and share a single bathroom. The property is offered at a price of $730,000, presenting a compelling investment opportunity in the Bismarck market. The existing tenant base provides immediate cash flow, and the property's location offers convenient access to local amenities, transportation routes, and employment centers. This property is well-suited for both seasoned investors seeking a strong return on investment and those new to the multifamily market looking for a well-established asset. The size and layout of the property offer flexibility for future renovations or upgrades, allowing for potential increases in rental income. This is a rare opportunity to acquire a well-maintained multifamily property in a desirable location. Serious inquiries are encouraged.

    Property Features for 501 Memorial Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,365 SF
    Lot Size
    37,462 SF

    Building Details

    Year Built
    1953
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.7973
    Latitude
    46.80511

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    FAQs

    What type of property is this?
    Commercial real estate - Nine-plex, 4 two-bed, 5 studio apartments.
    Where is this commercial real estate located?
    The property is located at 501 Memorial Hwy Bismarck, ND.
    What is the asking price?
    The asking price for this property is $730,000.
    Request Owner's contact information
    501 Memorial Hwy Bismarck, ND 58504
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    Bismarck, ND 58504
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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
    501 Memorial Hwy Bismarck, ND 58504
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