40-Unit Apartment
For Sale
Contact for pricing
215 1st Ave N, Grand Forks, ND 58203
LIHTC apartment community with controlled access, elevator service, and resident amenities near the Red River greenway.
Property SizeContact for details
Lot Size0.88 Acres
Days on Market144
Property Features for 215 1st Ave N
General Information
Standard status
Active
Elevators
Yes
Lot size
0.88 Acres
Property subtype
Multifamily
Units
Unit Mix
15 x 1BR/1BA, 25 x 2BR/1BA
Multifamily Units
40
Parking per Unit
1
Amenities
range
refrigerator
dishwasher
microwave
in-unit washer and dryer
community room with full kitchen
fitness center
controlled access entry
storage units available for rent
off-street parking with exterior car outlets
Building Details
Year Built
2007
Listing Agency:
Marcus & Millichap - Milwaukee
(262) 364-1930
Listed By:
Matthew Whiteside · License #WI
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 9:03AM
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 Marcus & Millichap - Milwaukee
Investment Insights
Based on property information with market context.
The Current is a 40-unit apartment community constructed in 2007 on approximately .88 acres in downtown Grand Forks. The unit mix includes 15 one-bedroom, one-bathroom apartments ranging from 733 to 765 square feet and 25 two-bedroom, one-bathroom apartments measuring 940 to 1,057 square feet. Individual residences include a range, refrigerator, dishwasher, microwave, in-unit washer and dryer, and one surface parking stall.
Community features include a resident room with full kitchen, fitness center, controlled-entry access, elevator, storage units available for rent, and off-street parking with exterior car outlets. The property is situated just west of the Red River greenway in Grand Forks, North Dakota.
All units are governed by a Land Use Restriction Agreement for households earning up to 60% of area median gross income. The agreement began on February 28, 2008, and remains in effect through December 31, 2038. Residents pay electricity, gas, and heat; ownership covers water, sewer, and trash collection.
Community features include a resident room with full kitchen, fitness center, controlled-entry access, elevator, storage units available for rent, and off-street parking with exterior car outlets. The property is situated just west of the Red River greenway in Grand Forks, North Dakota.
All units are governed by a Land Use Restriction Agreement for households earning up to 60% of area median gross income. The agreement began on February 28, 2008, and remains in effect through December 31, 2038. Residents pay electricity, gas, and heat; ownership covers water, sewer, and trash collection.
Key Highlights
- 40 units on approximately .88 acres in downtown Grand Forks
- Unit mix includes 15 one‑bedroom and 25 two‑bedroom apartments
- One‑bedroom layouts range from 733 to 765 square feet
Property Analytics
Property Profile
Current Use
Lease Details
40
Residential units
Location Intelligence
Trade Area within ½ mile
1,263
Businesses Nearby
Explore this area
Business Placement
Demographics for 58203, ND
16,165
Population
8,395
Households
1.9
Avg Household Size
29
Median Age
36%
College-Educated
95%
High-School Grad
68.7 sq mi
ZIP Area
235
Density / Sq Mi
$57,905
Median Household Income
$31,586
Median Earnings
$932
Median Rent
$202,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - LIHTC apartment community with controlled access, elevator service, and resident amenities near the Red River greenway.
Where is this apartment building located?
The property is located at 215 1st Ave N Grand Forks, ND.
What are key features of this property?
This property features: 40 units on approximately .88 acres in downtown Grand Forks; Unit mix includes 15 one‑bedroom and 25 two‑bedroom apartments; One‑bedroom layouts range from 733 to 765 square feet
