Duplex With Separate
New
For Sale
$298,750
517 N 13th, Bismarck, ND 58501
Two levels provide distinct living areas, each with its own exterior entrance and kitchen.
Property Size1,976 SF
Price / SF$151.19
Days on Market2
Property Features for 517 N 13th
General Information
Standard status
Active
Size
1,976 SF
Total Parking Spaces
2
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,451
Amenities
fully fenced backyard
laundry room
Garage: Detached, Alley Access
Garage Spaces: 2
Style: Ranch
4
2.00
1
Ranch
Detached, Alley Access
2
Building Details
Year Built
1952
Listing Agency:
BIANCO REALTY, INC.
Listed By:
SHIRLEY THOMAS
(701) 400-3004
Source:
Clearwaterproperties
Added: Oct 7
Last Checked: Oct 7 at 2:34PM
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 BIANCO REALTY, INC.
Investment Insights
Based on property information with market context.
Configured across two levels, this 1,976-square-foot property has a separate front entrance for each floor. The upper level includes a living room, kitchen with gas range and upgraded countertops, two bedrooms, and a tiled-shower bathroom. A laundry room connects to the lower level, which has two more bedrooms, a living room, a bathroom, and a second kitchen area that can serve another purpose if needed.
The fenced backyard and detached two-car garage add outdoor and vehicle space. The garage is accessed from the alley. Built in 1952, the property is located at 517 N 13th in Bismarck.
The fenced backyard and detached two-car garage add outdoor and vehicle space. The garage is accessed from the alley. Built in 1952, the property is located at 517 N 13th in Bismarck.
Key Highlights
- 1,976‑square‑foot duplex with separate front entrances to the upper and lower levels
- Four bedrooms across two floors
- Two kitchen areas, including a lower‑level kitchen that can be used as flex space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,063
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,260
$261.3K
Cap Rate 7%
$186,614
$186.6K
Cap Rate 9%
$145,144
$145.1K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$20.2K $10.20/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$18.7K $9.44/SF
− OpEx
−$5.6K −$2.83/SF
NOI
$13.1K $6.61/SF
Area
Burleigh County, ND
Vacancy
7.41%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,260
Cap Rate 7%
$186,614
Cap Rate 9%
$145,144
Alternative Uses
Best Use
Multifamily LT 5
$186.6K
$163.3K – $217.7K
NOI $13,063 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$161.5K
$141.3K – $188.4K
NOI $11,303 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$470.2K
$411.5K – $548.6K
NOI $32,916 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,352
Businesses Nearby
Explore this area
Business Placement
Demographics for 58501, ND
28,388
Population
13,445
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
95%
High-School Grad
22.8 sq mi
ZIP Area
1,245
Density / Sq Mi
$69,796
Median Household Income
$45,237
Median Earnings
$938
Median Rent
$276,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two levels provide distinct living areas, each with its own exterior entrance and kitchen.
Where is this duplex located?
The property is located at 517 N 13th Bismarck, ND.
What is the asking price?
The asking price for this property is $298,750.
What are key features of this property?
This property features: 1,976‑square‑foot duplex with separate front entrances to the upper and lower levels; Four bedrooms across two floors; Two kitchen areas, including a lower‑level kitchen that can be used as flex space
