Central Bismarck Triplex For
220 W Rosser Ave Bismarck, ND 58501
220 W Rosser Ave, Bismarck, ND, 58501
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For Sale
Contact for pricing
Triplex in central Bismarck near Custer Park and downtown.
Property Size1,951 SF
Price / SF$82.01
Days on Market1195
Property Features for 220 W Rosser Ave
General Information
- Standard status
- Active
- Size
- 1,951 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1913
Listing Agency
The CRA Group
Listed by
Brett Bina · License #10592
Source
Crexi
Added: Apr 14, 2023 Updated: Jul 6 at 7:59 am Checked: Jul 20 at 5:25 am
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 The CRA Group
Investment Insights
Based on property information with market context.
This is a triplex located in central Bismarck. The property contains two levels and is situated near Custer Park and close to downtown. The unit mix includes one 2-bedroom, 1-bath unit, one studio, 1-bathroom unit, and one 1-bedroom, 1-bathroom unit. The 2-bedroom unit rents for $700 per month, the studio for $600 per month, and the 1-bedroom for $575 per month. The property is being sold in "AS IS" condition. The property size is 1951 square feet.
Key Highlights
- Triplex property provides immediate rental income.
- Located in Central Bismarck, offering convenient access to amenities.
- Proximity to downtown Bismarck.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.9k | $10.20 |
| − Vacancy | −$1.5k | −$0.76 |
| EGI | $18.4k | $9.44 |
| − OpEx | −$5.5k | −$2.83 |
| NOI | $12.9k | $6.61 |
1,951 SF · lease $10.20/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$184.3K
$161.2K – $215.0K
NOI $12,898 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$159.4K
$139.5K – $186.0K
NOI $11,160 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$464.3K
$406.2K – $541.7K
NOI $32,499 @ 7.0% cap · market cap 20.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
US General Services ...
Federal Government Office
US Attorney
Law Firm
US Marshals Services
Courthouse
US Animal Plant ...
Veterinary Clinic
Rural Development
Loan Service
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FAQs
What type of property is this?
Triplex - Triplex in central Bismarck near Custer Park and downtown.
Where is this triplex located?
The property is located at 220 W Rosser Ave Bismarck, ND.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Triplex property provides immediate rental income.; Located in Central Bismarck, offering convenient access to amenities.; Proximity to downtown Bismarck.
