Brick Over/Under
For Sale
$339,900
224 W Reno, Bismarck, ND 58504
Two-level residential layout with full bathrooms on both floors and attached parking improvements.
Property Size2,464 SF
Price / SF$137.95
Days on Market50
Property Features for 224 W Reno
General Information
Standard status
Active
Size
2,464 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,350
Amenities
Garage: Triple+ Driveway, Carport, Garage Door Opener, Additional Parking, Garage Faces Front, Parking Pad, Attached
Garage Spaces: 2
Style: Over/Under, Walk-Out, Split Level, Split Entry
5
2.00
2
Over/Under, Walk-Out, Split Level, Split Entry
Triple+ Driveway, Carport, Garage Door Opener, Additional Parking, Garage Faces Front, Parking Pad, Attached
Building Details
Year Built
1978
Construction
brick
Tenancy
Multi
Listing Agency:
Realty One Group - Encore
Listed By:
PATRICK KOSKI · License #8121
(701) 471-1331
Source:
Clearwaterproperties
Added: Aug 30
Changed: Oct 16
Last Checked: Oct 16 at 6:26AM
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 Realty One Group - Encore
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Investment Insights
Based on property information with market context.
This duplex offers 2,464 square feet across an over/under, split-level configuration. The upper residence contains three bedrooms, while the lower residence provides two bedrooms, with one full bathroom serving each level. Walk-out and split-entry features support the two-floor arrangement, and the brick exterior provides a durable building finish.
Parking improvements include an attached garage, carport, driveway parking, a parking pad, and additional parking. The property was built in 1978 and includes garage door opener equipment. The lower unit is rented for $925/month plus utilities, and the upper unit is rented for $1,750/month plus utilities. Closing is required in conjunction with 1313 & 1315 and 1319 & 1321 Washington St.
Parking improvements include an attached garage, carport, driveway parking, a parking pad, and additional parking. The property was built in 1978 and includes garage door opener equipment. The lower unit is rented for $925/month plus utilities, and the upper unit is rented for $1,750/month plus utilities. Closing is required in conjunction with 1313 & 1315 and 1319 & 1321 Washington St.
Key Highlights
- 2,464‑square‑foot duplex built in 1978
- Three‑bedroom upper unit and two‑bedroom lower unit
- Full bathroom on each level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,289
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,780
$325.8K
Cap Rate 7%
$232,700
$232.7K
Cap Rate 9%
$180,989
$181.0K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$25.1K $10.20/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$23.3K $9.44/SF
− OpEx
−$7.0K −$2.83/SF
NOI
$16.3K $6.61/SF
Area
Burleigh County, ND
Vacancy
7.41%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,780
Cap Rate 7%
$232,700
Cap Rate 9%
$180,989
Alternative Uses
Best Use
Multifamily LT 5
$232.7K
$203.6K – $271.5K
NOI $16,289 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$201.3K
$176.2K – $234.9K
NOI $14,094 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$586.4K
$513.1K – $684.1K
NOI $41,045 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
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Business Placement
Demographics for 58504, ND
29,517
Population
12,479
Households
2.4
Avg Household Size
35
Median Age
31%
College-Educated
94%
High-School Grad
103.3 sq mi
ZIP Area
286
Density / Sq Mi
$78,671
Median Household Income
$45,817
Median Earnings
$940
Median Rent
$282,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level residential layout with full bathrooms on both floors and attached parking improvements.
Where is this duplex located?
The property is located at 224 W Reno Bismarck, ND.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 2,464‑square‑foot duplex built in 1978; Three‑bedroom upper unit and two‑bedroom lower unit; Full bathroom on each level
