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Multifamily Building with Commercial Space
For Sale
$39,900
Pending

126 Main Street, Lakota, ND 58344

Residential Income, Lakota, ND

Property Size12,000 SF
Lot Size0.14 Acres
Days on Market261

Property Features for 126 Main Street

General Information

Property type Residential Multi Family
Property subtype Apartment
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Basement, Bedroom 1, Bedroom 4, Bedroom 8, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 7, Bathroom 4
Subdivision Lakota
High school district Lakota
Directions North on Main St
Standard status Pending
APN 15000123082000
Size 12,000 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 899

Utilities

Heating system Forced Air, Baseboard

Building Details

Year built 1950
Listing Agency: National Realty Guild
Listed By: Ryan R. Moe
Added: Jan 26 Changed: Oct 13 Last Checked: Oct 14 at 8:06PM
MLS# 7013210

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

At 12,000 square feet, this 1950-built multifamily property has four units described as nearly ready for rental, along with potential for three more units. Commercial space occupies the main level. The building has baseboard and forced-air heating and sits on a 0.1377-acre lot.

The property is being sold as-is. Utilities have not been activated, tested, or inspected, so their operating condition has not been established.

Key Highlights

  • Four units nearing rental readiness
  • Potential for three additional units
  • Commercial space on the main level

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Electrical Service Building Supply Plumbing Service Auto Parts Store Big Box & Wholesale Store

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

123
Businesses Nearby

Demographics for 58344, ND

895
Population
490
Households
1.8
Avg Household Size
51
Median Age
20%
College-Educated
93%
High-School Grad
207.7 sq mi
ZIP Area
4
Density / Sq Mi
$64,141
Median Household Income
$47,031
Median Earnings
$616
Median Rent
$126,400
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

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

What type of property is this?
Quadplex - The property includes four units nearing rental readiness, with room for three additional units.
Where is this quadplex located?
The property is located at 126 Main Street Lakota, ND.
What is the asking price?
The asking price for this property is $39,900.
What are key features of this property?
This property features: Four units nearing rental readiness; Potential for three additional units; Commercial space on the main level
More about this property
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