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18-Unit Apartment Building
For Sale
$1,025,000

221 8th Avenue SE, Mayville, ND 58257

Well-maintained 18-unit apartment building with on-site laundry and resident storage in a quiet residential setting.

Property Size15,480 SF
Days on Market35

Property Features for 221 8th Avenue SE

General Information

Standard status Active
Size 15,480 SF
Property subtype Commercial
Zoning Business/Commercial, Residential-Multi-Family

Additional Details

Multifamily Units 18

Taxes and HOA fees

Annual Taxes $15,281

Building Details

Building Size 15,480 SF
Year Built 1977
Stories 3
Units 18
Listing Agency: RE/MAX Legacy Realty
Listed By: Blaine Cook
Source: Ivyrealestategroup
Added: Jul 20 Changed: Aug 23 Last Checked: Aug 22 at 12:22PM

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 RE/MAX Legacy Realty

Investment Insights

Based on property information with market context.

This is an 18-unit apartment building offered for sale in Mayville. The property features unit layouts averaging approximately 860 square feet, designed to provide functional living space for both individuals and families. On-site laundry is available for residents, and dedicated storage options are included to support practical day-to-day living.

The building is positioned near local schools, healthcare facilities, and everyday amenities, supporting convenient access for residents. The surrounding setting is described as a quiet residential environment.

As a multifamily asset, the property’s current configuration centers on straightforward, tenant-friendly in-building convenience, including laundry and storage.

Key Highlights

  • 18‑unit apartment building in Mayville
  • Units average approximately 860 SF with functional layouts
  • On‑site laundry for residents

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Real Estate Agency Dental Office Bakery Garden Center

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

18
Residential units

Location Intelligence

Trade Area within ½ mile

185
Businesses Nearby

Demographics for 58257, ND

2,174
Population
954
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
124.4 sq mi
ZIP Area
17
Density / Sq Mi
$77,125
Median Household Income
$32,625
Median Earnings
$833
Median Rent
$198,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained 18-unit apartment building with on-site laundry and resident storage in a quiet residential setting.
Where is this apartment building located?
The property is located at 221 8th Avenue SE Mayville, ND.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: 18‑unit apartment building in Mayville; Units average approximately 860 SF with functional layouts; On‑site laundry for residents
More about this property
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