Duplex with Fenced
For Sale
$329,900
1717 15th Street, Bismarck, ND 58501
Two separate living spaces each include a fenced outdoor area, with a patio serving the lower unit.
Property Size2,360 SF
Price / SF$139.79
Days on Market31
Property Features for 1717 15th Street
General Information
Standard status
Active
Size
2,360 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1966
Buildings
1
Listing Agency:
Capital Real Estate Partners
Listed By:
BRENDA FOSTER
(701) 789-1475
Source:
Gabrielblackre
Added: Oct 1
Changed: Oct 31
Last Checked: Oct 31 at 2:13PM
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 Capital Real Estate Partners
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Investment Insights
Based on property information with market context.
Built in 1966, this 2,360-square-foot duplex contains two three-bedroom, one-bathroom units. The upper residence has updated flooring, paint, windows, and shower, plus an attached one-stall garage and a fenced yard. The lower residence has its own fenced yard and patio.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- 2,360 square feet; built in 1966
- Upper unit features updated flooring, paint, windows, and shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,602
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,040
$312.0K
Cap Rate 7%
$222,886
$222.9K
Cap Rate 9%
$173,356
$173.4K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$24.1K $10.20/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$22.3K $9.44/SF
− OpEx
−$6.7K −$2.83/SF
NOI
$15.6K $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%
$312,040
Cap Rate 7%
$222,886
Cap Rate 9%
$173,356
Alternative Uses
Best Use
Multifamily LT 5
$222.9K
$195.0K – $260.0K
NOI $15,602 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$192.8K
$168.7K – $225.0K
NOI $13,499 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$561.6K
$491.4K – $655.2K
NOI $39,312 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living spaces each include a fenced outdoor area, with a patio serving the lower unit.
Where is this duplex located?
The property is located at 1717 15th Street Bismarck, ND.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; 2,360 square feet; built in 1966; Upper unit features updated flooring, paint, windows, and shower
