208 2nd St NW East Grand Forks, MN 56721
Rare opportunity in high-demand market with value-add potential.
Type:Multifamily
Property size:
47,061 SF- Added:
- Feb 23, 2026
- Days on Market:
- 44
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 208 2nd St NW
General Information
- Standard status
- Active
- Size
- 47,061 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1978
Listing agent Robert Dulin License #MN40961803
Listing office Kiser Group
Listing date Feb 23, 2026
Source Crexi
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 Kiser Group
Overview
81-Unit Multifamily Investment Opportunity
This 81-unit multifamily property, offered for sale for the first time, presents a rare opportunity to acquire a substantial residential asset in the Grand Forks market. The property features a mix of 78 one-bedroom and 3 two-bedroom units, catering to the demand for efficient living spaces. Significant value-add potential exists through interior modernization, including upgrades to unit finishes, appliances, and amenities, to capture market rents and increase net operating income. Revenue enhancement opportunities include strategic rent increases, implementation of Ratio Utility Billing Systems (RUBS), parking fees, laundry services, and premium unit finishes. The property benefits from limited new development of comparable assets, creating built-in pricing power. Investors can expect immediate income with a clear path to appreciation through strategic repositioning. The property is located in East Grand Forks, MN, near the Red River and the downtown district, which offers a mix of shops, restaurants, and entertainment. The location provides proximity to the University of North Dakota and the Grand Forks Air Force Base, with convenient access to major transportation routes.
Location Intelligence
Current Use by Public Records
Town Square Apartments
Apartment Building
Location Insight
- Map
- Local Demand
- City
- East Grand Forks
- County
- Polk
- State
- Minnesota
- Longitude
- -97.024869
- Latitude
- 47.927673
FAQs
What type of property is this?
Apartment building - Rare opportunity in high-demand market with value-add potential.
Where is this apartment building located?
The property is located at 208 2nd St NW East Grand Forks, MN.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Rare opportunity to acquire an 81‑unit legacy property in a high‑demand market, never previously offered for sale.; Significant value‑add potential through interior modernization to capture market rents and increase NOI.; Highly desirable unit mix of 78 one‑bedroom and 3 two‑bedroom units.
