819 5Th StBismarck, ND 58501

For Sale
$130,000

Prime location, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
94
This 4-unit apartment building, located at 819 N 5th Street in Bismarck, North Dakota, presents a compelling investment opportunity. The property, built in 1885, boasts a total of 2,703 square feet situated on a 0.16-acre lot (50' x 140'). The building features three currently rented 1-bedroom, 1-bathroom units generating monthly rental income of $700, $575, and $525 respectively. One unit is vacant, offering potential for immediate occupancy or additional rental income. The asking price is $130,000, translating to $64.74 per square foot. The property is zoned RM30 and offers convenient alley access. Its central location places it near Will-moore Elementary, Bismarck High School, and just north of downtown Bismarck. The property is being sold "as is." 2023 property taxes totaled $2,718.55, with special assessments of $1,020.21 (installments) and a balance of $6,121.31. Prospective buyers must be pre-qualified before scheduling a showing, providing 48-hour notice. Showings are available weekdays between 8 am and 5 pm. The APN is 0025-063-060. This property offers a blend of established rental income and potential for future growth in a desirable Bismarck location.

Highlights

  • Alley access.
  • 50' x 140' lot.
  • North of downtown Bismarck, near schools.
  • 2023 property taxes: $2,718.55; special assessments: $1,020.21 (installments) and $6,121.31 balance.
  • Pre-qualification required; 48-hour notice for showings between 8 am and 5 pm, weekdays; agent presence required.

Property Details for 819 5Th St

Property type
Multifamily properties, Apartment buildings
Square Feet
2,703 SF
Year Built
1885
Lot Size (sq. ft)
6,970 SF
Units
4

Location Insight

City
Bismarck
County
Burleigh
State
North Dakota
Latitude
46.8134162
Longitude
-100.7840893
819 5Th St, Bismarck, North Dakota
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819 5Th St
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