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13-Unit Apartment Building
For Sale
Contact for pricing
Pending

112 3rd St SE, Rugby, ND 58368

Three-story apartment structure requiring comprehensive reconstruction, including new utility connections, roofing, and HVAC systems.

Property SizeContact for details
Days on Market143

Property Features for 112 3rd St SE

General Information

Standard status Pending
Property subtype Multifamily
Zoning commercial

Property Condition

Severity Major Repairs Needed
Evidence Gutted

Units

Unit Mix 13 x 1BR/1BA
Multifamily Units 13

Building Details

Buildings 1
Stories 3
Listing Agency: Alliance Real Estate Inc
Listed By: Bill Dean · License #ND 9733
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 1:12PM

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 Alliance Real Estate Inc

Investment Insights

Based on property information with market context.

This three-story apartment building in Rugby, North Dakota, is almost fully gutted and requires a substantial rebuild. The structure measures 40x50 and was configured with four one-bedroom, one-bath units on each floor, while the basement contained the 13th unit and an electric boiler. The property could be restored to a 13-unit layout or reconfigured into fewer, larger residences, subject to applicable requirements.

Reconstruction will require new connections to city utilities along with replacement or installation of the roof, HVAC, and other building systems. Two adjoining lots provide the former tenant parking area. The land is zoned commercial and may support additional construction. The property is located in Rugby, the county seat, which has an area hospital and shopping services.

Key Highlights

  • Almost fully gutted three‑story apartment building requiring a full rebuild
  • Former 13‑unit configuration with one bedroom and one bath per unit
  • 40x50 building footprint

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Hair Salon Restaurant Law Firm Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

211
Businesses Nearby

Demographics for 58368, ND

3,418
Population
1,668
Households
2
Avg Household Size
46
Median Age
33%
College-Educated
94%
High-School Grad
636.6 sq mi
ZIP Area
5
Density / Sq Mi
$56,209
Median Household Income
$42,625
Median Earnings
$815
Median Rent
$151,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story apartment structure requiring comprehensive reconstruction, including new utility connections, roofing, and HVAC systems.
Where is this apartment building located?
The property is located at 112 3rd St SE Rugby, ND.
What are key features of this property?
This property features: Almost fully gutted three‑story apartment building requiring a full rebuild; Former 13‑unit configuration with one bedroom and one bath per unit; 40x50 building footprint
More about this property
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