For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers

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

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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message