Two-Level Duplex with
For Sale
$249,900
1116 15th Street N, Bismarck, ND 58501
Two separate residences each include a kitchen, living room, and full bathroom.
Property Size2,052 SF
Price / SF$121.78
Days on Market31
Property Features for 1116 15th Street N
General Information
Standard status
Active
Size
2,052 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1952
Stories
2
Listing Agency:
Capital Real Estate Partners
Listed By:
BRENDA FOSTER
(701) 789-1475
Source:
Gabrielblackre
Added: Oct 1
Changed: Oct 31
Last Checked: Oct 31 at 2:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capital Real Estate Partners
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,052-square-foot duplex in Central Bismarck has two levels, with a three-bedroom residence upstairs and a two-bedroom residence below. Each unit includes a kitchen, living room, and full bathroom. The upper unit connects to a two-stall garage and backyard area.
Built in 1952, the property is located at 1116 15th Street N in Bismarck, North Dakota.
Built in 1952, the property is located at 1116 15th Street N in Bismarck, North Dakota.
Key Highlights
- 2,052 square feet across two levels
- Upper residence has three bedrooms; lower residence has two
- Each unit includes a kitchen, living room, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,566
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,320
$271.3K
Cap Rate 7%
$193,800
$193.8K
Cap Rate 9%
$150,733
$150.7K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$20.9K $10.20/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$19.4K $9.44/SF
− OpEx
−$5.8K −$2.83/SF
NOI
$13.6K $6.61/SF
Area
Burleigh County, ND
Vacancy
7.41%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,320
Cap Rate 7%
$193,800
Cap Rate 9%
$150,733
Alternative Uses
Best Use
Multifamily LT 5
$193.8K
$169.6K – $226.1K
NOI $13,566 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$167.7K
$146.7K – $195.6K
NOI $11,738 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$488.3K
$427.3K – $569.7K
NOI $34,182 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 58501, ND
28,388
Population
13,445
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
95%
High-School Grad
22.8 sq mi
ZIP Area
1,245
Density / Sq Mi
$69,796
Median Household Income
$45,237
Median Earnings
$938
Median Rent
$276,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each include a kitchen, living room, and full bathroom.
Where is this duplex located?
The property is located at 1116 15th Street N Bismarck, ND.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2,052 square feet across two levels; Upper residence has three bedrooms; lower residence has two; Each unit includes a kitchen, living room, and full bathroom
