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18-Unit Multifamily Portfolio
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21 5th Ave SE, Mayville, ND 58257

Four buildings across Mayville and Portland, North Dakota, are offered together with no current vacancies.

Property Size15,618 SF
Price / SF$63.20
Days on Market58

Property Features for 21 5th Ave SE

General Information

Standard status Active
Size 15,618 SF
Class B
Property subtype Multifamily
Zoning Multi-family Commercial
Occupancy 100%

Additional Details

Asking Price $987,500
Multifamily Units 18

Building Details

Year Built 1980
Buildings 4
Units 18
Tenancy Multi
Listing Agency: Swann Real Estate
Listed By: Shelly Schreiner · License #North Dakota 10373
Source: Crexi
Added: Jul 4 Changed: Aug 29 Last Checked: Aug 29 at 3:40PM

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 Swann Real Estate

Investment Insights

Based on property information with market context.

This multifamily portfolio combines four buildings totaling 18 units and 15,618 square feet. The properties are located at 803 7th Street in Portland, 21 5th Avenue in Mayville, 48 2nd Avenue in Mayville, and 610 7th Avenue in Portland, North Dakota. The listing identifies 1980 as the year built and classifies the portfolio under Multi-family Commercial zoning.

The package spans the communities of Mayville and Portland, providing a multi-property configuration within North Dakota. No current vacancies are reported across the portfolio. The offering includes a 4-plex at 803 7th Street, a 6-plex at 21 5th Avenue, a 4-plex at 48 2nd Avenue, and a 4-plex at 610 7th Avenue.

Key Highlights

  • 18 units across four multifamily buildings
  • 15,618 square feet across the portfolio
  • No current vacancies reported

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service (Bike/Boat/Book/etc) Store Bakery Garden Center

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

18
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

237
Businesses Nearby

Demographics for 58257, ND

2,174
Population
954
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
124.4 sq mi
ZIP Area
17
Density / Sq Mi
$77,125
Median Household Income
$32,625
Median Earnings
$833
Median Rent
$198,000
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?
Multifamily property - Four buildings across Mayville and Portland, North Dakota, are offered together with no current vacancies.
Where is this multifamily property located?
The property is located at 21 5th Ave SE Mayville, ND.
What is the asking price?
The asking price for this property is $987,000.
What are key features of this property?
This property features: 18 units across four multifamily buildings; 15,618 square feet across the portfolio; No current vacancies reported
More about this property
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