Building Details

Year Built 1975

Listing Agency: Oaktree Realty d***@oaktreend.com Show Phone

Listed By: DARREN SCHMIDT · License #7897

Source: Clearwaterproperties

Added: Jun 15 Changed: Aug 11 Last Checked: Aug 9 at 6:21AM

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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 Oaktree Realty

Investment Insights

Based on property information with market context.

This for-sale package includes four separate residential income properties sold together: 705 Main St, 707 Main St, 708 1st St, and 104 Stewart Ave. The portfolio features two fourplexes with units configured as 2 bedrooms and 1 bathroom, along with common laundry for the fourplex building. It also includes two duplexes with 1 bedroom and 2 bathrooms per unit, with individual laundry in each unit. The properties have been updated as needed, and the seller notes a consistent rental history.

The buildings are located in Underwood, North Dakota, and are being offered as a single package transaction. Buyer should verify all property information.

From an ownership perspective, this structure can appeal to investors looking for a diversified mix of multi-unit housing types within one acquisition. The combination of common and in-unit laundry setups provides practical day-to-day convenience for residents across both fourplex and duplex configurations. As always, prospective buyers should conduct their own due diligence regarding unit details and updates.

Key Highlights

• Four‑residence rental portfolio package: 705 Main St, 707 Main St, 708 1st St and 104 Stewart Ave
• Includes two fourplexes with 2‑bedroom, 1‑bath units and common laundry
• Includes two duplexes with 1‑bedroom, 2‑bath units and individual in‑unit laundry

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Plumbing Service Grocery & Convenience Store Dental Office Computer & Electronic Repair Daycare Center

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

12

Residential units

Location Intelligence

Trade Area within ½ mile

84

Businesses Nearby

Explore this area Business Placement

Demographics for 58576, ND

959

Population

524

Households

1.8

Avg Household Size

44

Median Age

22%

College-Educated

94%

High-School Grad

170.9 sq mi

ZIP Area

6

Density / Sq Mi

$89,868

Median Household Income

$52,396

Median Earnings

$808

Median Rent

$197,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Quadplex - Four-residence rental portfolio combining two fourplexes and two duplexes with on-site laundry configurations.

Where is this quadplex located?

The property is located at 705 & 707 Main Underwood, ND.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: Four‑residence rental portfolio package: 705 Main St, 707 Main St, 708 1st St and 104 Stewart Ave; Includes two fourplexes with 2‑bedroom, 1‑bath units and common laundry; Includes two duplexes with 1‑bedroom, 2‑bath units and individual in‑unit laundry