Residential Income Property with Fenced
For Sale
$318,000
212 8th, Watford City, ND 58854
A 3-bedroom residence pairs two living areas with a deck, patio, and attached garage.
Property Size1,589 SF
Price / SF$200.13
Days on Market19
Property Features for 212 8th
General Information
Standard status
Active
Size
1,589 SF
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,207
Amenities
vaulted ceilings
two separate living areas
kitchen and dining area
primary suite with walk-in closet and private bathroom
landscaped fenced backyard
deck
paver patio
storage area beneath deck
Garage: Insulated, Attached
Garage Spaces: 2
Style: Split Entry
3
3.00
2
Split Entry
Insulated, Attached
Building Details
Year Built
2012
Listing Agency:
eXp Realty
Listed By:
Danielle M Johnsen · License #10033
Source:
Clearwaterproperties
Added: Oct 14
Changed: Oct 30
Last Checked: Oct 30 at 12:01PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,589-square-foot residence, built in 2012, has 3 bedrooms and 3 bathrooms. Vaulted ceilings and two distinct living areas shape the interior, alongside a kitchen and dining area. The primary suite includes a walk-in closet and private bathroom.
Outside, the landscaped backyard is fenced and has a deck, paver patio, and storage beneath the deck. A sprinkler system serves both the front and back yards. The attached, insulated garage accommodates two vehicles, with an additional parking pad for extra parking.
Outside, the landscaped backyard is fenced and has a deck, paver patio, and storage beneath the deck. A sprinkler system serves both the front and back yards. The attached, insulated garage accommodates two vehicles, with an additional parking pad for extra parking.
Key Highlights
- 1,589‑square‑foot residence with 3 bedrooms and 3 bathrooms
- Two separate living areas and vaulted ceilings
- Fenced, landscaped backyard with deck and paver patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,126
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,520
$242.5K
Cap Rate 7%
$173,229
$173.2K
Cap Rate 9%
$134,733
$134.7K
Market Conditions
NOI Build-Up for 1,589 SF
Gross rent
$23.5K $14.76/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$22.0K $13.87/SF
− OpEx
−$9.9K −$6.24/SF
NOI
$12.1K $7.63/SF
Area
McKenzie County, ND
Vacancy
6.00%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,520
Cap Rate 7%
$173,229
Cap Rate 9%
$134,733
Alternative Uses
Best Use
Apartment 5plus
$173.2K
$151.6K – $202.1K
NOI $12,126 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.9K
$330.6K – $440.9K
NOI $26,451 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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Business Placement
Demographics for 58854, ND
9,142
Population
4,941
Households
1.9
Avg Household Size
31
Median Age
24%
College-Educated
93%
High-School Grad
666.1 sq mi
ZIP Area
14
Density / Sq Mi
$88,234
Median Household Income
$61,278
Median Earnings
$1,212
Median Rent
$387,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A 3-bedroom residence pairs two living areas with a deck, patio, and attached garage.
Where is this residential income property located?
The property is located at 212 8th Watford City, ND.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: 1,589‑square‑foot residence with 3 bedrooms and 3 bathrooms; Two separate living areas and vaulted ceilings; Fenced, landscaped backyard with deck and paver patio
