Duplex with Three-Stall
For Sale
$255,000
725 N 18th Street, Bismarck, ND 58501
A furnished lower-level apartment and shared laundry complement the larger upper residence.
Property Size2,200 SF
Price / SF$115.91
Days on Market112
Property Features for 725 N 18th Street
General Information
Standard status
Active
Size
2,200 SF
Total Parking Spaces
3
Property subtype
Duplex
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
shared laundry
Building Details
Year Built
1940
Listing Agency:
Better Homes and Gardens Real Estate Alliance Group
Listed By:
Bill H Dean
(701) 471-9506
Source:
Gabrielblackre
Added: Jul 12
Changed: Oct 28
Last Checked: Oct 28 at 2:45PM
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 Better Homes and Gardens Real Estate Alliance Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1940, this duplex contains an upper residence with four bedrooms, a living room, dining room, kitchen, full bath and half bath. The lower apartment has one bedroom, comes furnished and shares laundry facilities. A three-stall garage serves the property; two stalls are rented with the upper residence, while one is available to the new owner.
The owner covers water, sewer, garbage and internet service.
The owner covers water, sewer, garbage and internet service.
Key Highlights
- Upper residence has four bedrooms, a living room, dining room, kitchen, full bath and half bath
- Furnished lower apartment with one bedroom and shared laundry
- Three‑stall garage; two stalls are rented with the upper residence and one is open to the new owner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,544
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,880
$290.9K
Cap Rate 7%
$207,771
$207.8K
Cap Rate 9%
$161,600
$161.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$22.4K $10.20/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$20.8K $9.44/SF
− OpEx
−$6.2K −$2.83/SF
NOI
$14.5K $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%
$290,880
Cap Rate 7%
$207,771
Cap Rate 9%
$161,600
Alternative Uses
Best Use
Multifamily LT 5
$207.8K
$181.8K – $242.4K
NOI $14,544 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$179.8K
$157.3K – $209.7K
NOI $12,584 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$523.5K
$458.1K – $610.8K
NOI $36,647 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - A furnished lower-level apartment and shared laundry complement the larger upper residence.
Where is this duplex located?
The property is located at 725 N 18th Street Bismarck, ND.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Upper residence has four bedrooms, a living room, dining room, kitchen, full bath and half bath; Furnished lower apartment with one bedroom and shared laundry; Three‑stall garage; two stalls are rented with the upper residence and one is open to the new owner
