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Updated 12-Unit Apartment Building
For Sale
Contact for pricing
Pending

121 5th St SE, Watford City, ND 58854

Multifamily property with renovated units near schools, a public park, downtown businesses, and restaurants.

Property SizeContact for details
Days on Market143

Property Features for 121 5th St SE

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 12

Building Details

Buildings 1
Listing Agency: Paramount Real Estate
Listed By: Crystal Porter · License #North Dakota - 10584
Source: Crexi
Added: Apr 10 Changed: Aug 29 Last Checked: Aug 29 at 5:24PM

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 Paramount Real Estate

Investment Insights

Based on property information with market context.

This 12-unit apartment property is positioned as a multifamily asset with multiple unit updates and renovations. The building is described as clean, maintained, and quiet, offering an established apartment configuration in Watford City.

The property is located at 121 5th St SE, near Watford Intermediate School and American Legion Park. Downtown businesses and restaurants are also nearby, placing everyday services and community amenities within the surrounding area. An additional 12-unit building from the same seller is also available, providing a separate acquisition option for buyers evaluating more than one multifamily asset.

Key Highlights

  • 12‑unit apartment building
  • Renovated and updated units
  • Located near Watford Intermediate School

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Garden Center Grocery & Convenience Store HVAC Service Computer & Electronic Repair

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

12
Residential units

Location Intelligence

Trade Area within ½ mile

428
Businesses Nearby

Demographics for 58854, ND

9,142
Population
4,941
Households
1.9
Avg Household Size
31
Median Age
24%
College-Educated
93%
High-School Grad
666.1 sq mi
ZIP Area
14
Density / Sq Mi
$88,234
Median Household Income
$61,278
Median Earnings
$1,212
Median Rent
$387,700
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 - Multifamily property with renovated units near schools, a public park, downtown businesses, and restaurants.
Where is this apartment building located?
The property is located at 121 5th St SE Watford City, ND.
What are key features of this property?
This property features: 12‑unit apartment building; Renovated and updated units; Located near Watford Intermediate School
More about this property
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