Scranton Multifamily Investment
808 Main St. N, Scranton, ND 58653
For Sale
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Eight-unit apartment building in Scranton, ND, with renovation updates.
Property Size6,792 SF
Price / SF$49.29
Days on Market824
Property Features for 808 Main St. N
General Information
Standard status
Size
Property subtype
Listing Agency:
Pifer's Auction & Realty
Listed By:
Alison Pierce
(701) 206-1046
Source:
Crexi
Added: Aug 12, 2024
Changed: Nov 10
Last Checked: Nov 12 at 5:24AM
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 Pifer's Auction & Realty
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Investment Insights
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This is an eight-unit apartment building located in Scranton, ND. Seven units feature 2 bedrooms and 1 bathroom, a living room, and a kitchen. One main level unit is a 1 bedroom, 1 bathroom, fully furnished unit. All units are equipped with a refrigerator, stove, microwave, and a wall A/C unit. A shared laundry is located on the main floor. The property also includes a 3-stall garage and a storage shed, along with a rear parking lot for tenants. The building dates back to the 1970s and underwent a complete renovation in 1997, with additional upkeep completed as needed. The building has 6792 square feet across the first and second stories. Heating is provided by baseboard electric, and cooling is provided by window AC units in each apartment. The property is connected to city water and city sewer. The upper level contains four 2-bedroom, 1-bathroom units. The ground level contains three 2-bedroom, 1-bathroom units and one fully furnished 1-bedroom, 1-bathroom unit. The concrete parking lot measures 3900 sq. ft., the garage measures 22 ft. x 36 ft., and the storage building measures 8 ft. x 10 ft. The property is located on Lots 5-6, Block 3, North Heights, Scranton, ND. The apartment building is currently 87.5% occupied, with one 2-bedroom unit available for rent. Current rent is $600 per unit.
Key Highlights
- Rare 8‑unit apartment building investment opportunity.
- Enjoy a high occupancy rate of 87.5%.
- Seven 2‑bedroom, 1‑bathroom units plus one fully furnished 1‑bedroom, 1‑bathroom unit.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
47
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Demographics for 58653, ND
597
Population
365
Households
1.6
Avg Household Size
48
Median Age
27%
College-Educated
94%
High-School Grad
367.5 sq mi
ZIP Area
2
Density / Sq Mi
$89,063
Median Household Income
$48,333
Median Earnings
$777
Median Rent
$159,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit apartment building in Scranton, ND, with renovation updates.
Where is this apartment building located?
The property is located at 808 Main St. N Scranton, ND.
What is the asking price?
The asking price for this property is $334,800.
What are key features of this property?
This property features: Rare 8‑unit apartment building investment opportunity.; Enjoy a high occupancy rate of 87.5%.; Seven 2‑bedroom, 1‑bathroom units plus one fully furnished 1‑bedroom, 1‑bathroom unit.
