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5-Unit Apartment Building
For Sale
Contact for pricing
Pending

700 2nd Ave SE, Watford City, ND 58854

Recently renovated property with on-site laundry and dedicated off-street parking for every residence.

Property SizeContact for details
Days on Market143

Property Features for 700 2nd Ave SE

General Information

Standard status Pending
Property subtype Retail

Units

Unit Mix 5 x efficiency
Multifamily Units 5

Additional Details

Asking Price $295,000

Amenities

on-site laundry
Listing Agency: ERA American Real Estate
Listed By: Troy Knutson · License #NORTH DAKOTA
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 12:38AM

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 ERA American Real Estate

Investment Insights

Based on property information with market context.

Located at 700 2nd Ave SE in Watford City, this recently renovated apartment property contains five efficiency units. The building is described as being in very good condition, with laundry available on-site and off-street parking assigned to each unit.

The property sits near schools, a grocery store, downtown shopping, a hospital, and a park directly across the street. A large lot provides room for expansion, adding flexibility for future property planning.

Key Highlights

  • Five efficiency apartment units
  • Recently renovated and described as in very good condition
  • On‑site laundry available

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Grocery & Convenience Store HVAC Service Electrical Service Computer & Electronic Repair

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

431
Businesses Nearby

Demographics for 58854, ND

9,142
Population
4,941
Households
1.9
Avg Household Size
31
Median Age
24%
College-Educated
93%
High-School Grad
666.1 sq mi
ZIP Area
14
Density / Sq Mi
$88,234
Median Household Income
$61,278
Median Earnings
$1,212
Median Rent
$387,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Recently renovated property with on-site laundry and dedicated off-street parking for every residence.
Where is this apartment building located?
The property is located at 700 2nd Ave SE Watford City, ND.
What are key features of this property?
This property features: Five efficiency apartment units; Recently renovated and described as in very good condition; On‑site laundry available
More about this property
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