Listing Agency: Pifer's Auction & Realty a**@pifers.com Show Phone

Listed By: Alison Pierce

Source: Crexi

Added: Aug 12, 2024 Changed: Aug 22 Last Checked: Aug 21 at 6:45PM

Report an Issue

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

Investment Insights

Based on property information with market context.

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

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop Storage Facility Grocery & Convenience Store Pet Store & Service Food Market Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

47

Businesses Nearby

Explore this area Business Placement

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

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.