Building Details

Year Built 1970

Buildings 3

Listing Agency: Paramount Real Estate Show Phone

Listed By: Julianne L Horntvedt · License #10452 Show Phone

Source: Exitrealty

Added: Jan 26, 2025 Changed: Aug 30 Last Checked: Aug 30 at 3:16PM

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Investment Insights

Based on property information with market context.

This four-unit apartment property at 217 Lakota Avenue was built in 1970 and is offered with two neighboring buildings as a 12-unit package. Each building contains three two-bedroom, one-bath units and one one-bedroom, one-bath unit, with renovations designed for a consistent appearance across the portfolio. Interior work includes new flooring, paint, baseboards, casings, doors, kitchen cabinets, appliances, vanities, and toilets.

Exterior improvements include replacement windows, siding, exterior doors, gutters, soffit, fascia, roofs, and apartment air-conditioning units. The property also has new electrical panels, outlets, switches, LED lighting, dual electric water heaters, and electric heating equipment. The parking lot has received new asphalt, and two exterior storage units have new vinyl. In the 218 building, additional work includes new bathtubs and water lines. The three buildings are located next to one another, supporting centralized management and maintenance.

Key Highlights

• Four‑unit quadplex at 217 Lakota Avenue, Center, ND 58530
• Part of a neighboring three‑building package totaling 12 units
• Each building includes three 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Building Supply Auto Parts Store Grocery & Convenience Store Butcher Dental Office 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

12

Residential units

Location Intelligence

Trade Area within ½ mile

86

Businesses Nearby

Explore this area Business Placement

Demographics for 58530, ND

1,268

Population

542

Households

2.3

Avg Household Size

47

Median Age

26%

College-Educated

95%

High-School Grad

338.4 sq mi

ZIP Area

4

Density / Sq Mi

$89,375

Median Household Income

$51,905

Median Earnings

$725

Median Rent

$186,900

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?

Quadplex - Remodeled four-unit property with updated interiors, building systems, and parking improvements.

Where is this quadplex located?

The property is located at 217 Lakota Avenue Center, ND.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Four‑unit quadplex at 217 Lakota Avenue, Center, ND 58530; Part of a neighboring three‑building package totaling 12 units; Each building includes three 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit