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Remodeled Quadplex with Updated Systems

217 Lakota Avenue, Center, ND 58530

For Sale
$350,000
Pending

Remodeled four-unit property with updated interiors, building systems, and parking improvements.

Property Size9,800 SF
Days on Market634

Property Features for 217 Lakota Avenue

General Information

Standard status Pending
Size 9,800 SF
Property subtype Multi Family

Units

Unit Mix 9 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units 12

Additional Details

Asking Price $1,050,000

Taxes and HOA fees

Annual Taxes $654

Amenities

storage units

Building Details

Year Built 1970
Buildings 3
Listing Agency: Paramount Real Estate
Listed By: Julianne L Horntvedt · License ND #10452
Source: Exitrealty
Added: Feb 16, 2025 Changed: Oct 25 Last Checked: Oct 5 at 5:06PM

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 Paramount Real Estate

Rey
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Investment Insights

Based on property information with market context.

This four-unit apartment property at 217 Lakota Avenue was built in 1970 and is offered with two neighboring buildings as a 12-unit package. Each building contains three two-bedroom, one-bath units and one one-bedroom, one-bath unit, with renovations designed for a consistent appearance across the portfolio. Interior work includes new flooring, paint, baseboards, casings, doors, kitchen cabinets, appliances, vanities, and toilets.

Exterior improvements include replacement windows, siding, exterior doors, gutters, soffit, fascia, roofs, and apartment air-conditioning units. The property also has new electrical panels, outlets, switches, LED lighting, dual electric water heaters, and electric heating equipment. The parking lot has received new asphalt, and two exterior storage units have new vinyl. In the 218 building, additional work includes new bathtubs and water lines. The three buildings are located next to one another, supporting centralized management and maintenance.

Key Highlights

  • Four‑unit quadplex at 217 Lakota Avenue, Center, ND 58530
  • Part of a neighboring three‑building package totaling 12 units
  • Each building includes three 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit

Property Analytics

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

86
Businesses Nearby

Demographics for 58530, ND

1,268
Population
542
Households
2.3
Avg Household Size
47
Median Age
26%
College-Educated
95%
High-School Grad
338.4 sq mi
ZIP Area
4
Density / Sq Mi
$89,375
Median Household Income
$51,905
Median Earnings
$725
Median Rent
$186,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Remodeled four-unit property with updated interiors, building systems, and parking improvements.
Where is this quadplex located?
The property is located at 217 Lakota Avenue Center, ND.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four‑unit quadplex at 217 Lakota Avenue, Center, ND 58530; Part of a neighboring three‑building package totaling 12 units; Each building includes three 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
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