Fourplex Apartment
For Sale
$279,900
608 SE 18th Avenue, Minot, ND 58701
MULTI_FAMILY - Minot, ND
Property Size3,136 SF
Price / SF$89.25
Days on Market22
Property Features for 608 SE 18th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3B
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2
Appliances
Dishwasher, Refrigerator, Range/Oven, Washer and Dryer
Elementary school district
Minot #1
Middle school district
Minot #1
High school district
Minot #1
Directions
Just south of Washington Elementary.
Subdivision
SE
Standard status
Active
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 Agency:
Better Homes and Gardens Real Estate Watne Group
(701) 852-1156
Listed By:
MATT WATNE
(701) 852-1156
Added: Jul 11
Changed: Jul 30
Last Checked: Aug 1 at 11:06AM
MLS# 260974
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.
Investment Insights
Based on property information with market context.
This apartment building includes four two-bedroom, one-bath units. Each unit is equipped with a refrigerator, range, dishwasher, and wall A/C. The upper units include a balcony. The property also offers coin-operated laundry and off-street parking with outlets for winter.
The building is located close to schools and shopping in south Minot. The owner reports the property has been well maintained, and new shingles have been ordered, with high-quality Class 4 shingles planned for installation by the end of July to avoid insurance issues.
With four residential units and in-place exterior and interior features, the property is set up for straightforward multi-unit occupancy and ongoing rental operations.
The building is located close to schools and shopping in south Minot. The owner reports the property has been well maintained, and new shingles have been ordered, with high-quality Class 4 shingles planned for installation by the end of July to avoid insurance issues.
With four residential units and in-place exterior and interior features, the property is set up for straightforward multi-unit occupancy and ongoing rental operations.
Key Highlights
- Four 2‑bedroom, 1‑bath apartments in a single apartment building
- Each unit includes a fridge, range/oven, dishwasher, and wall A/C
- Upper units feature a balcony
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 |
3,136 SF · lease $10.20/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.2K
$259.2K – $345.5K
NOI $20,732 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$272.6K
$238.5K – $318.1K
NOI $19,083 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$421.0K
$368.4K – $491.2K
NOI $29,473 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 58701, ND
32,517
Population
16,267
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
95%
High-School Grad
235.6 sq mi
ZIP Area
138
Density / Sq Mi
$75,329
Median Household Income
$46,695
Median Earnings
$875
Median Rent
$270,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom units in Minot, each with in-unit appliances and wall A/C, plus coin-operated laundry and off-street parking.
Where is this quadplex located?
The property is located at 608 SE 18th Avenue Minot, ND.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath apartments in a single apartment building; Each unit includes a fridge, range/oven, dishwasher, and wall A/C; Upper units feature a balcony
