Triplex with Separate
For Sale
$319,900
618 N 19th, Bismarck, ND 58501
Three-unit triplex features independent entrances, common laundry, and three separate electrical meters.
Property Size2,580 SF
Price / SF$123.99
Days on Market95
Property Features for 618 N 19th
General Information
Standard status
Active
Size
2,580 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,343
Amenities
Garage: None
Style: Apartment Style
5
3.00
3
Apartment Style
Building Details
Year Built
1953
Listing Agency:
Realty One Group - Encore
Listed By:
PATRICK KOSKI · License #8121
(701) 471-1331
Source:
Clearwaterproperties
Added: Jul 16
Changed: Oct 16
Last Checked: Oct 16 at 9:21AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,056
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,120
$341.1K
Cap Rate 7%
$243,657
$243.7K
Cap Rate 9%
$189,511
$189.5K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$26.3K $10.20/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$24.4K $9.44/SF
− OpEx
−$7.3K −$2.83/SF
NOI
$17.1K $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%
$341,120
Cap Rate 7%
$243,657
Cap Rate 9%
$189,511
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 authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
Explore this area
Business Placement
Demographics for 58501, ND
28,388
Population
13,445
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
95%
High-School Grad
22.8 sq mi
ZIP Area
1,245
Density / Sq Mi
$69,796
Median Household Income
$45,237
Median Earnings
$938
Median Rent
$276,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
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 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
