Building Details

Tenancy Multi

Listing Agency: GK Properties

Listed By: Spiridon Filios · License #NV BS.0036048

Source: Crexi

Added: Apr 12 Changed: Sep 3 Last Checked: Sep 4 at 4:07PM

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Investment Insights

Based on property information with market context.

This 13-unit multifamily property offers a mix of 2 bed, 2 bath and 3 bed, 2 bath apartment homes. The building includes onsite management and maintenance, supporting day-to-day operations.

According to the information provided, eight units were built in 2014, and five units were completely gutted and remodeled in 2014.

For investors seeking residential income, the unit mix provides two- and three-bedroom layouts within the same property, with renovation activity concentrated in 2014.

Key Highlights

• 13‑unit multifamily property in Parshall, ND
• Unit mix includes 2 bed/2 bath and 3 bed/2 bath apartments
• On‑site management and maintenance

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Dental Office Big Box & Wholesale Store Building Supply Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

114

Businesses Nearby

Explore this area Business Placement

Demographics for 58770, ND

1,330

Population

934

Households

1.4

Avg Household Size

36

Median Age

21%

College-Educated

83%

High-School Grad

270.1 sq mi

ZIP Area

5

Density / Sq Mi

$66,167

Median Household Income

$38,657

Median Earnings

$705

Median Rent

$181,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Apartment building - 13-unit multifamily property in Parshall, ND, with on-site management and maintenance and a mix of 2- and 3-bedroom units.

Where is this apartment building located?

The property is located at 11 5Th AVE NW Parshall, ND.

What are key features of this property?

This property features: 13‑unit multifamily property in Parshall, ND; Unit mix includes 2 bed/2 bath and 3 bed/2 bath apartments; On‑site management and maintenance