Four-Story Apartment
For Sale
Contact for pricing
Pending
316 4th St NW, East Grand Forks, MN 56721
Four-story multifamily property with 39 rental units, 6,500 sf of main-level commercial space, and detached garages.
Property SizeContact for details
Lot Size1.31 Acres
Days on Market35
Property Features for 316 4th St NW
General Information
Standard status
Pending
Total Parking Spaces
57
Lot size
1.31 Acres
Property subtype
Multifamily, Retail
Additional Details
Multifamily Units
39
Amenities
secure main entrances
mail areas
balconies
elevator
Building Details
Year Built
2013
Stories
4
Listing Agency:
Dakota Commercial Dakota Commercial Main Office
(701) 772-3101
Listed By:
Kevin Ritterman · License #ND 2001
Source:
Crexi
Added: Jul 21
Changed: Aug 21
Last Checked: Aug 22 at 1:57PM
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 Dakota Commercial Dakota Commercial Main Office
Investment Insights
Based on property information with market context.
The subject property is a four-story wood-frame apartment building on an approximately 1.31-acre site, containing a total of 39 residential rental units. Unit mix includes 1-, 2-, and 3-bedroom layouts, and each unit is provided with a stove, refrigerator, microwave, dishwasher, washer, and dryer, along with a balcony. The building was constructed in 2013 and features gypcrete floors, steel siding, pitched asphalt roofing, maintenance-free windows, and an elevator. Common entries are secured, with mail areas provided on-site. The property also includes 6,500 square feet of commercial space on the main level and 10 single-story detached garage structures.
On-site parking improvements include 47 exterior surfaced parking spaces plus 10 garage units. Heating is electric baseboard and is paid by the tenant, while cooling is provided by individual wall air conditioning units with one unit per apartment. Domestic hot water, water, and sewer are supplied and paid by the property at no additional cost to residents. Residential units are separately metered with electrical service tenant responsibility.
Interior finishes include drywall-taped, textured, and painted surfaces, maple cabinets, carpet in bedrooms, and vinyl flooring in kitchens and bathrooms. Living rooms are finished with either carpet or vinyl flooring.
On-site parking improvements include 47 exterior surfaced parking spaces plus 10 garage units. Heating is electric baseboard and is paid by the tenant, while cooling is provided by individual wall air conditioning units with one unit per apartment. Domestic hot water, water, and sewer are supplied and paid by the property at no additional cost to residents. Residential units are separately metered with electrical service tenant responsibility.
Interior finishes include drywall-taped, textured, and painted surfaces, maple cabinets, carpet in bedrooms, and vinyl flooring in kitchens and bathrooms. Living rooms are finished with either carpet or vinyl flooring.
Key Highlights
- Four‑story multi‑family complex on a 1.31‑acre site with 39 residential rental units (1-, 2-, and 3‑bedroom).
- Includes 6,500 SF of main‑level commercial space plus 10 single‑story detached garage structures.
- Built in 2013 with wood frame construction, pitched asphalt roof, steel siding, and maintenance‑free windows.
Property Analytics
Property Profile
Current Use
Lease Details
39
Residential units
Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
Explore this area
Business Placement
Demographics for 56721, MN
10,602
Population
4,381
Households
2.4
Avg Household Size
36
Median Age
29%
College-Educated
95%
High-School Grad
192.4 sq mi
ZIP Area
55
Density / Sq Mi
$83,633
Median Household Income
$45,522
Median Earnings
$876
Median Rent
$247,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Four-story multifamily property with 39 rental units, 6,500 sf of main-level commercial space, and detached garages.
Where is this apartment building located?
The property is located at 316 4th St NW East Grand Forks, MN.
What are key features of this property?
This property features: Four‑story multi‑family complex on a 1.31‑acre site with 39 residential rental units (1-, 2-, and 3‑bedroom).; Includes 6,500 SF of main‑level commercial space plus 10 single‑story detached garage structures.; Built in 2013 with wood frame construction, pitched asphalt roof, steel siding, and maintenance‑free windows.
