Over-Under Duplex with
For Sale
$234,900
310 15th, Bismarck, ND 58501
Separate heating systems and shared laundry serve the two residences.
Property Size1,776 SF
Price / SF$132.26
Days on Market15
Property Features for 310 15th
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,252
Amenities
Garage: Detached, Alley Access, Garage Faces Rear
Garage Spaces: 2
Style: Over/Under
3
2.00
2
Over/Under
Detached, Alley Access, Garage Faces Rear
Building Details
Year Built
1947
Listing Agency:
Realty One Group - Encore
Listed By:
PATRICK KOSKI · License #8121
(701) 471-1331
Source:
Clearwaterproperties
Added: Sep 30
Changed: Oct 13
Last Checked: Oct 12 at 4:25PM
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
Investment Insights
Based on property information with market context.
Built in 1947, this 1,776-square-foot duplex is arranged in an over-under configuration. The upper residence has two bedrooms and one bathroom; the lower has one bedroom and one bathroom. Each residence has its own furnace, and occupants share a laundry room. A detached, two-stall garage with rear access from the alley and a fenced yard are also part of the property.
The property is located at 310 15th in Bismarck, North Dakota.
The property is located at 310 15th in Bismarck, North Dakota.
Key Highlights
- Over‑under duplex with a 2‑bedroom, 1‑bath upper residence and a 1‑bedroom, 1‑bath lower residence
- 1,776 square feet; built in 1947
- Separate furnaces for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,741
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,820
$234.8K
Cap Rate 7%
$167,729
$167.7K
Cap Rate 9%
$130,456
$130.5K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$18.1K $10.20/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$16.8K $9.44/SF
− OpEx
−$5.0K −$2.83/SF
NOI
$11.7K $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%
$234,820
Cap Rate 7%
$167,729
Cap Rate 9%
$130,456
Alternative Uses
Best Use
Multifamily LT 5
$167.7K
$146.8K – $195.7K
NOI $11,741 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$145.1K
$127.0K – $169.3K
NOI $10,159 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$422.6K
$369.8K – $493.1K
NOI $29,584 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,342
Businesses Nearby
Explore this area
Business Placement
Demographics for 58501, ND
28,388
Population
13,445
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
95%
High-School Grad
22.8 sq mi
ZIP Area
1,245
Density / Sq Mi
$69,796
Median Household Income
$45,237
Median Earnings
$938
Median Rent
$276,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate heating systems and shared laundry serve the two residences.
Where is this duplex located?
The property is located at 310 15th Bismarck, ND.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Over‑under duplex with a 2‑bedroom, 1‑bath upper residence and a 1‑bedroom, 1‑bath lower residence; 1,776 square feet; built in 1947; Separate furnaces for each residence
