Side-by-Side Duplex with
For Sale
$360,000
507/509 Interstate, Bismarck, ND 58503
Two-bedroom units offer updated finishes, private patios, storage, and flexible basement space.
Property Size2,616 SF
Price / SF$137.61
Days on Market56
Property Features for 507/509 Interstate
General Information
Standard status
Active
Size
2,616 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$3,853
Amenities
landscaped yard
patio
shared laundry
Garage: See Remarks, Garage Door Opener, Side By Side, Attached
Garage Spaces: 2
Style: Ranch, Side By Side
5
2.00
2
Ranch, Side By Side
See Remarks, Garage Door Opener, Side By Side, Attached
Building Details
Year Built
1972
Buildings
1
Listing Agency:
Better Homes and Gardens Real Estate Alliance Group
Listed By:
Denise M Ziegler
(701) 391-4566
Source:
Clearwaterproperties
Added: Sep 6
Changed: Oct 31
Last Checked: Oct 30 at 2:12PM
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 Better Homes and Gardens Real Estate Alliance Group
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Investment Insights
Based on property information with market context.
Built in 1972, this 2,616-square-foot side-by-side duplex includes two two-bedroom units, each with a spacious living room, dining area, full bathroom, substantial storage, and an attached single-stall garage. Both residences feature updated main-floor windows and newer patio doors, while landscaped grounds provide a separate patio for each side.
The west unit at 507 is ready for occupancy and includes newer kitchen countertops and range, refreshed bathroom finishes, unfinished basement space, separate laundry hookups, and plumbing for a second bathroom. The east unit at 509 includes mostly updated kitchen appliances, a disposal, newer bathroom flooring and toilet, and a partly finished basement with a nonconforming bedroom and family room area. Laundry is shared on the main floor, with additional hookups in 507’s basement. The property is offered as-is, where-is.
The west unit at 507 is ready for occupancy and includes newer kitchen countertops and range, refreshed bathroom finishes, unfinished basement space, separate laundry hookups, and plumbing for a second bathroom. The east unit at 509 includes mostly updated kitchen appliances, a disposal, newer bathroom flooring and toilet, and a partly finished basement with a nonconforming bedroom and family room area. Laundry is shared on the main floor, with additional hookups in 507’s basement. The property is offered as-is, where-is.
Key Highlights
- 2,616‑square‑foot duplex built in 1972
- Two side‑by‑side two‑bedroom units, each with an attached single‑stall garage
- Unit 507 is ready for occupancy with newer kitchen countertops and range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,294
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,880
$345.9K
Cap Rate 7%
$247,057
$247.1K
Cap Rate 9%
$192,156
$192.2K
Market Conditions
NOI Build-Up for 2,616 SF
Gross rent
$26.7K $10.20/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$24.7K $9.44/SF
− OpEx
−$7.4K −$2.83/SF
NOI
$17.3K $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%
$345,880
Cap Rate 7%
$247,057
Cap Rate 9%
$192,156
Alternative Uses
Best Use
Multifamily LT 5
$247.1K
$216.2K – $288.2K
NOI $17,294 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$213.8K
$187.1K – $249.4K
NOI $14,964 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$622.5K
$544.7K – $726.3K
NOI $43,577 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
Explore this area
Business Placement
Demographics for 58503, ND
37,157
Population
15,997
Households
2.3
Avg Household Size
39
Median Age
48%
College-Educated
96%
High-School Grad
135.6 sq mi
ZIP Area
274
Density / Sq Mi
$105,108
Median Household Income
$60,058
Median Earnings
$1,131
Median Rent
$383,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units offer updated finishes, private patios, storage, and flexible basement space.
Where is this duplex located?
The property is located at 507/509 Interstate Bismarck, ND.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2,616‑square‑foot duplex built in 1972; Two side‑by‑side two‑bedroom units, each with an attached single‑stall garage; Unit 507 is ready for occupancy with newer kitchen countertops and range
