Listing Agency: RE/MAX Legacy Realty b***@legacyr.com Show Phone

Listed By: Blaine Cook Show Phone

Source: Exprealty

Added: Jan 8 Changed: Jul 22 Last Checked: Jul 31 at 4:05PM

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Investment Insights

Based on property information with market context.

This seven-building multifamily property contains 19 income-generating units. The unit mix includes six 1-bedroom/1-bath units, twelve 2-bedroom/2-bath units, and one 2-bedroom/1-bath unit, providing a range of apartment configurations within the same offering.

A separate commons building is also included, offering additional shared space that can support tenant gatherings or community-oriented use.

The property is being offered for sale and presents a diversified rental structure with multiple unit types distributed across the buildings on site.

Key Highlights

• Seven‑building multifamily property with 19 income‑generating units
• Unit mix: six 1‑bedroom/1‑bath units
• Unit mix: twelve 2‑bedroom/2‑bath units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Storage Facility Big Box & Wholesale Store Veterinary Clinic Florist Skin Care Clinic

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

19

Residential units

Location Intelligence

Trade Area within ½ mile

127

Businesses Nearby

Explore this area Business Placement

Demographics for 58458, ND

1,279

Population

550

Households

2.3

Avg Household Size

44

Median Age

26%

College-Educated

92%

High-School Grad

186.6 sq mi

ZIP Area

7

Density / Sq Mi

$68,125

Median Household Income

$39,107

Median Earnings

$775

Median Rent

$172,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Seven-building multifamily property with 19 income-generating units, including one 2-bedroom/1-bath unit and multiple 1- and 2-bedroom options.

Where is this apartment building located?

The property is located at 512 2nd St Nw Lamoure, ND.

What is the asking price?

The asking price for this property is $599,900.

What are key features of this property?

This property features: Seven‑building multifamily property with 19 income‑generating units; Unit mix: six 1‑bedroom/1‑bath units; Unit mix: twelve 2‑bedroom/2‑bath units