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Modern 42-Unit Apartment Building
For Sale
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855 12th St NW, Valley City, ND 58072

Built in 2015, the property offers 1-, 2-, and 3-bedroom units with in-unit laundry, air conditioning, and patio or balcony.

Property Size41,400 SF
Days on Market128

Property Features for 855 12th St NW

General Information

Standard status Active
Size 41,400 SF
Property subtype Multifamily
Zoning R-4
Occupancy 80%

Additional Details

Highway Access Yes
Multifamily Units 42

Building Details

Year Built 2015
Units 2
Listing Agency: Ivy Real Estate Group
Listed By: Loni Trapp · License #ND 9430
Source: Crexi
Added: Apr 30 Changed: Sep 4 Last Checked: Sep 3 at 3:48AM

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 Ivy Real Estate Group

Investment Insights

Based on property information with market context.

This 42-unit apartment building was built in 2015 and features a mix of 1-, 2-, and 3-bedroom units. Each unit includes a patio or balcony, in-unit laundry, and air conditioning, along with a 2-stall garage. The property is currently reported to be over 80% occupied.

Located on the edge of town in Valley City, the property benefits from the area’s established employment base, including John Deere Seeding Group, Eagle Creek, SMP Health, Sanford Health, and Valley City State University. Ongoing community projects include a new Public Works building, a new university athletic center, and a planned grade 3–12 public school completion in 2028.

The asset is positioned as a residential income property with newer construction and a consistent unit amenity package across the building.

Key Highlights

  • 42‑plex built in 2015 featuring 1-, 2-, and 3‑bedroom units
  • Currently over 80% occupied, with most units occupied
  • Units include in‑unit laundry and air conditioning

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Real Estate Agency (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Bakery Storage Facility

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

42
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

88
Businesses Nearby

Demographics for 58072, ND

7,999
Population
3,970
Households
2
Avg Household Size
43
Median Age
32%
College-Educated
96%
High-School Grad
327.6 sq mi
ZIP Area
24
Density / Sq Mi
$66,603
Median Household Income
$38,097
Median Earnings
$792
Median Rent
$170,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Built in 2015, the property offers 1-, 2-, and 3-bedroom units with in-unit laundry, air conditioning, and patio or balcony.
Where is this apartment building located?
The property is located at 855 12th St NW Valley City, ND.
What are key features of this property?
This property features: 42‑plex built in 2015 featuring 1-, 2-, and 3‑bedroom units; Currently over 80% occupied, with most units occupied; Units include in‑unit laundry and air conditioning
(701) 840-0038 Call to check price and availability
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