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12-Unit Apartment Building
For Sale
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212 North 12th St, Bismarck, ND 58501

Corner multifamily property with four attached garages, HM - Health Medical zoning, and significant fire damage sold as-is.

Property Size15,805 SF
Lot Size0.69 Acres
Price / SF$31.57
Days on Market13

Property Features for 212 North 12th St

General Information

Standard status Active
Size 15,805 SF
Total Parking Spaces 4
Lot size 0.69 Acres
Property subtype Multifamily
Zoning HM - Health Medical

Additional Details

Road Access Yes
Multifamily Units 12

Building Details

Buildings 1
Units 12
Tenancy Multi
Listing Agency: Aspen Group LLP
Listed By: Charles Reichert · License #ND 11466
Source: Crexi
Added: Jul 30 Changed: Aug 4 Last Checked: Aug 11 at 6:44AM

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 Aspen Group LLP

Investment Insights

Based on property information with market context.

This 12-unit apartment building contains 15,805 square feet on a 30,007-square-foot lot. Four attached garages are included with the property. The building has sustained significant fire damage and is offered in its existing condition, as-is and where-is, requiring buyer due diligence regarding repairs and overall condition.

The property occupies a corner at North 12th Street and East Broadway Avenue in Bismarck, with visibility from both streets. It is zoned HM - Health Medical. The combination of a 12-unit configuration, attached garage capacity, substantial building area, and documented fire damage provides a defined basis for evaluating renovation or redevelopment plans.

Key Highlights

  • 12‑unit apartment building with 15,805 SF of building area
  • 30,007 SF lot at a prominent corner
  • Four attached garages included

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Storage Facility Grocery & Convenience Store Butcher HVAC Service

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

12
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,526
Businesses Nearby

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

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?
Apartment building - Corner multifamily property with four attached garages, HM - Health Medical zoning, and significant fire damage sold as-is.
Where is this apartment building located?
The property is located at 212 North 12th St Bismarck, ND.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 12‑unit apartment building with 15,805 SF of building area; 30,007 SF lot at a prominent corner; Four attached garages included
(701) 202-6935 Call to check price and availability
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