2-Unit Duplex with Detached
506 19th Street N, Bismarck, ND 58501
For Sale
$260,000
Upper and lower apartments provide distinct layouts, with the option to configure the property as a single-family home.
Property Size2,130 SF
Price / SF$122.07
Days on Market95
Property Features for 506 19th Street N
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Other
Private Entrance
Building Details
Building Size
Year Built
Buildings
Listing Agency:
RE/MAX CAPITAL
(701) 390-9343
Listed By:
Alice M Schmalz · License ND #9185
(701) 471-9646
Source:
Donner-realty
Added: Aug 8
Changed: Nov 7
Last Checked: Nov 9 at 7:21PM
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 CAPITAL
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Investment Insights
Based on property information with market context.
This 2,130-square-foot duplex, built in 1953, contains an upper apartment with 3 bedrooms and 1 bathroom and a lower apartment with 2 bedrooms and 1 bathroom. A detached garage with two stalls is also part of the property.
The existing configuration accommodates two households, while the layout can also be converted to single-family use.
The existing configuration accommodates two households, while the layout can also be converted to single-family use.
Key Highlights
- Two‑unit layout: upper apartment with 3 bedrooms and 1 bathroom; lower apartment with 2 bedrooms and 1 bathroom
- 2,130 square feet
- Detached garage with 2 stalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,081
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,620
$281.6K
Cap Rate 7%
$201,157
$201.2K
Cap Rate 9%
$156,456
$156.5K
Market Conditions
NOI Build-Up for 2,130 SF
Gross rent
$21.7K $10.20/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$20.1K $9.44/SF
− OpEx
−$6.0K −$2.83/SF
NOI
$14.1K $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%
$281,620
Cap Rate 7%
$201,157
Cap Rate 9%
$156,456
Alternative Uses
Best Use
Multifamily LT 5
$201.2K
$176.0K – $234.7K
NOI $14,081 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$174.1K
$152.3K – $203.1K
NOI $12,184 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$506.9K
$443.5K – $591.4K
NOI $35,481 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Upper and lower apartments provide distinct layouts, with the option to configure the property as a single-family home.
Where is this duplex located?
The property is located at 506 19th Street N Bismarck, ND.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two‑unit layout: upper apartment with 3 bedrooms and 1 bathroom; lower apartment with 2 bedrooms and 1 bathroom; 2,130 square feet; Detached garage with 2 stalls
