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Two-Building Apartment Property
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1508 East Thayer Avenue, Bismarck, ND 58501

Two residential buildings occupy one parcel, including one unfinished residential unit.

Property SizeContact for details
Days on Market14

Property Features for 1508 East Thayer Avenue

General Information

Standard status Active
Property subtype Multifamily
Zoning RM30 - Res Multi Fam - 30 Unit/Acre

Additional Details

Multifamily Units 10

Building Details

Buildings 2
Units 11
Tenancy Multi
Listing Agency: Aspen Group LLP
Listed By: Charles Reichert · License #ND 11466
Source: Crexi
Added: Jul 30 Changed: Aug 11 Last Checked: Aug 11 at 2:09PM

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 Aspen Group LLP

Investment Insights

Based on property information with market context.

This apartment property comprises two separate residential buildings on one parcel, with a combined 10 units. The buildings contain 4,148 SF and 1,872 SF, respectively. One of the units is unfinished, creating a defined renovation component within the existing configuration.

The property is located at 1508 East Thayer Avenue in Bismarck, North Dakota, and is zoned RM30 - Res Multi Fam - 30 Unit/Acre. Its two-building layout and residential unit count provide a clearly defined multifamily format.

Key Highlights

  • Two separate apartment buildings located on one parcel
  • Combined 10 residential units
  • Buildings measure 4,148 SF and 1,872 SF

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Storage Facility Grocery & Convenience Store Veterinary Clinic (Bike/Boat/Book/etc) Store Bakery Locksmith

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

10
Residential units

Location Intelligence

Trade Area within ½ mile

394
Businesses Nearby

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

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 - Two residential buildings occupy one parcel, including one unfinished residential unit.
Where is this apartment building located?
The property is located at 1508 East Thayer Avenue Bismarck, ND.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two separate apartment buildings located on one parcel; Combined 10 residential units; Buildings measure 4,148 SF and 1,872 SF
(701) 202-6935 Call to check price and availability
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