Triplex with Separate
618 N 19th Street Bismarck, ND 58501
New
618 N 19th Street, Bismarck, ND, 58501
$319,900
For Sale
$319,900
Three-unit triplex features independent entrances, common laundry, and three separate electrical meters.
Property Size2,580 SF
Price / SF$123.99
Days on Market3
Property Features for 618 N 19th Street
General Information
- Standard status
- Active
- Size
- 2,580 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1953
Listing Agency
Realty One Group - Encore
(701) 471-1331
Listed by
PATRICK KOSKI
Source
Clearwaterproperties
Added: Jul 16 Checked: Jul 17 at 3:06 am
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 Realty One Group - Encore
Investment Insights
Based on property information with market context.
This triplex includes three separate units with independent entrances, supported by three separate electrical meters. The lower unit offers a 2-bedroom, 1-bathroom layout, and the main floor unit is also configured with 2 bedrooms and 1 bathroom. The upper unit provides a 1-bedroom, 1-bathroom arrangement. A common laundry area is included for the property.
The offering also includes a backyard parking area, providing dedicated onsite space for residents and guests.
Configured as a three-unit residential income property, the building supports flexibility for long-term or short-term style renting, or owner-occupancy with rental income from the remaining units.
The offering also includes a backyard parking area, providing dedicated onsite space for residents and guests.
Configured as a three-unit residential income property, the building supports flexibility for long-term or short-term style renting, or owner-occupancy with rental income from the remaining units.
Key Highlights
- Tri‑plex with three separate units: two 2‑bed, 1‑bath units and one 1‑bed, 1‑bath unit
- Each unit has its own entrance for independent access
- Common laundry area on site
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 | $26.3k | $10.20 |
| − Vacancy | −$2.0k | −$0.76 |
| EGI | $24.4k | $9.44 |
| − OpEx | −$7.3k | −$2.83 |
| NOI | $17.1k | $6.61 |
2,580 SF · lease $10.20/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$243.7K
$213.2K – $284.3K
NOI $17,056 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$210.8K
$184.5K – $246.0K
NOI $14,758 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$614.0K
$537.2K – $716.3K
NOI $42,977 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit triplex features independent entrances, common laundry, and three separate electrical meters.
Where is this triplex located?
The property is located at 618 N 19th Street Bismarck, ND.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Tri‑plex with three separate units: two 2‑bed, 1‑bath units and one 1‑bed, 1‑bath unit; Each unit has its own entrance for independent access; Common laundry area on site
