Triplex With Detached
For Sale
$195,000
820 N 6TH Street Grand, Grand Forks, ND 58203
Three residential units offer varied layouts, with gas forced-air and electric baseboard heating and a detached garage.
Property Size2,224 SF
Days on Market249
Property Features for 820 N 6TH Street Grand
General Information
Standard status
Active
Size
2,224 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
renovating the two vacant units
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Amenities
Gas Forced Air
Electric Baseboard
Building Details
Building Size
2,224 SF
Year Built
1905
Buildings
1
Listed By:
Jonathon Vonesh · License #7851
(218) 791-4510
Source:
Kw
Added: Feb 7
Changed: Oct 13
Last Checked: Oct 12 at 5:51PM
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 Jonathon Vonesh
Investment Insights
Based on property information with market context.
This 1905 triplex contains three separate residential units: one with three bedrooms and one bathroom, another with two bedrooms and one bathroom, and a one-bedroom, one-bathroom unit. Heating systems include gas forced air and electric baseboard. A detached three-stall garage provides additional enclosed space.
The property is located at 820 N 6TH Street in Grand Forks, North Dakota. The main-floor unit is occupied, while the other two units are vacant and identified for renovation before leasing. The current configuration combines an established occupied unit with two units requiring improvement.
The property is located at 820 N 6TH Street in Grand Forks, North Dakota. The main-floor unit is occupied, while the other two units are vacant and identified for renovation before leasing. The current configuration combines an established occupied unit with two units requiring improvement.
Key Highlights
- Three‑unit property built in 1905
- Unit mix includes 3‑bed/1‑bath, 2‑bed/1‑bath, and 1‑bed/1‑bath layouts
- Detached 3‑stall garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,174
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,480
$343.5K
Cap Rate 7%
$245,343
$245.3K
Cap Rate 9%
$190,822
$190.8K
Market Conditions
NOI Build-Up for 2,224 SF
Gross rent
$32.0K $14.40/SF
− Vacancy
−$801 −$0.36/SF
EGI
$31.2K $14.04/SF
− OpEx
−$14.1K −$6.32/SF
NOI
$17.2K $7.72/SF
Area
Grand Forks County, ND
Vacancy
2.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,480
Cap Rate 7%
$245,343
Cap Rate 9%
$190,822
Alternative Uses
Best Use
Multifamily LT 5
$281.4K
$246.2K – $328.3K
NOI $19,696 @ 7.0% cap · market cap 10.10%
Second Best
Apartment 5plus
$245.3K
$214.7K – $286.2K
NOI $17,174 @ 7.0% cap · market cap 8.81%
Theoretical Best
Office A
$411.8K
$360.3K – $480.4K
NOI $28,823 @ 7.0% cap · market cap 14.78%
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
522
Businesses Nearby
Explore this area
Business Placement
Demographics for 58203, ND
16,165
Population
8,395
Households
1.9
Avg Household Size
29
Median Age
36%
College-Educated
95%
High-School Grad
68.7 sq mi
ZIP Area
235
Density / Sq Mi
$57,905
Median Household Income
$31,586
Median Earnings
$932
Median Rent
$202,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer varied layouts, with gas forced-air and electric baseboard heating and a detached garage.
Where is this triplex located?
The property is located at 820 N 6TH Street Grand Grand Forks, ND.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Three‑unit property built in 1905; Unit mix includes 3‑bed/1‑bath, 2‑bed/1‑bath, and 1‑bed/1‑bath layouts; Detached 3‑stall garage
