608 SE 18th Avenue, Minot, ND 58701
- Added:
- Jun 16, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 17 at 6:06 am
Property Features for 608 SE 18th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3B
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 7, Bathroom 4, Bedroom 4, Bedroom 8
- Appliances
- Dishwasher, Refrigerator, Range/Oven, Washer and Dryer
- Standard status
- Active Under Contract
- Size
- 3,136 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3235
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1976
- Floors in Building
- 2
- Number of units
- 4
Listing agent MATT WATNE (701) 852-1156
Listing office Better Homes and Gardens Real Estate Watne Group 408 N Broadway, Minot, ND (701) 852-1156
Listing date Jun 16, 2026
Copyright © 2026 Minot Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Four 2‑bedroom, 1‑bath apartments in a well‑maintained building in south Minot
- Each unit includes refrigerator, range/oven, dishwasher, and wall A/C
- Upper units include a balcony
- Off‑street parking with outlets for winter
- Coin‑operated laundry on‑site
- Rents set at $745 per unit effective 7/1/26
Overview
The property is located in south Minot near schools and shopping. Off-street parking is provided with outlets for winter, supporting year-round tenant convenience.
The unit mix and included in-home amenities make this property practical for tenants seeking functional two-bedroom layouts. For buyers, the configuration of four separate apartments, combined with established building services like laundry and off-street parking, supports straightforward day-to-day residential income operations. Rents are stated as $745 per unit effective 7/1/26, and the property is described as well-maintained. The owner is a licensed real estate broker.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.0k | $10.20 |
| − Vacancy | −$2.4k | −$0.76 |
| EGI | $29.6k | $9.44 |
| − OpEx | −$8.9k | −$2.83 |
| NOI | $20.7k | $6.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minot
- County
- Ward
- State
- North Dakota
- Longitude
- -101.284113
- Latitude
- 48.214411
