48-Unit Apartment Building
For Sale
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1509 20th St, Moorhead, MN 56560
Two adjacent buildings provide a residential income property near Moorhead State University.
Property Size20,400 SF
Price / SF$63.73
Days on Market61
Property Features for 1509 20th St
General Information
Standard status
Active
Size
20,400 SF
Total Parking Spaces
12
Property subtype
Multifamily
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Average Monthly Rent
$784
Multifamily Units
48
Building Details
Year Built
1967
Buildings
1
Units
24
Listing Agency:
Colliers
Listed By:
Devon Dvorak
Source:
Crexi
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 16 at 6:50AM
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 Colliers
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Investment Insights
Based on property information with market context.
This residential income property includes two adjacent apartment buildings with 48 units total, distributed evenly at 24 units per building. Both structures were constructed in 1967, and the reported property size is 20,400. Combined occupancy is 90%. The primarily residential setting places the buildings near Moorhead State University, nearby employers, commercial amenities, and transit routes. The property is located just off I-94 to the south and Highway 10 to the north, providing connections to retail, dining, and other amenities throughout the market. The portfolio is offered without assumable financing and includes parking associated with the buildings.
Key Highlights
- 48 total apartment units across two adjacent buildings
- 24 units per building
- Both buildings constructed in 1967
Property Analytics
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Current Use
Lease Details
48
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 56560, MN
44,205
Population
19,366
Households
2.3
Avg Household Size
34
Median Age
42%
College-Educated
95%
High-School Grad
157.4 sq mi
ZIP Area
281
Density / Sq Mi
$71,114
Median Household Income
$42,072
Median Earnings
$1,019
Median Rent
$248,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Two adjacent buildings provide a residential income property near Moorhead State University.
Where is this apartment building located?
The property is located at 1509 20th St Moorhead, MN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 48 total apartment units across two adjacent buildings; 24 units per building; Both buildings constructed in 1967
