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    5180 Lincoln Rd Lincoln, ND 58504

    Sponsored
    For Sale
    $5,925,000

    36-Unit Multifamily Investment

    Property size:
    45,507 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 36-unit apartment building, situated on 2.76 acres at 5180 Lincoln Road in Lincoln, ND, presents a compelling investment opportunity. Built in 2014, this three-story structure boasts 45,507 square feet of living space, featuring individual garages for each of its 36 units. The property benefits from a prime location, just minutes from Bismarck's Kirkwood Mall, along a high-traffic corridor. Modern amenities include in-unit washers and dryers, electric heat measured per unit, wall AC units, and a comprehensive security system encompassing cameras, a DVR system, and an auto door lock system with call units in each apartment. Further enhancing safety and security, the building is fully equipped with a fire alarm and sprinkler system. The property's APN is CL-138-80-75-01-020. With existing leases in place, this new construction offers immediate income potential and a strong foundation for long-term growth. The asking price for this turnkey investment is $5,925,000. This property represents a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable location.

    Property Features for 5180 Lincoln Rd

    General Information

    Property type
    1031 exchange properties
    Square Feet
    45,507 SF
    Lot Size
    120,226 SF

    Building Details

    Year Built
    2014
    Buildings
    1
    Stories
    3
    Units
    36

    HighLights

    • 3‑Story, 36‑Unit Apartment Building with Attached Garages
    • Year Built: 2014
    • Excellent Multifamily Investment Opportunity near Bismarck, ND
    • Located West of Cenex on Lincoln Road
    Property Profile Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Food Market Grocery Store Kitchen & Bath Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.7108605
    Latitude
    46.765502

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    FAQs

    What type of property is this?
    1031 exchange property - 36-Unit Multifamily Investment
    Where is this 1031 exchange property located?
    The property is located at 5180 Lincoln Rd Lincoln, ND.
    What is the asking price?
    The asking price for this property is $5,925,000.
    What are key features of this property?
    This property features: 3-Story, 36-Unit Apartment Building with Attached Garages; Year Built: 2014; Excellent Multifamily Investment Opportunity near Bismarck, ND
    Request Owner's contact information
    5180 Lincoln Rd Lincoln, ND 58504
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    Lincoln, ND 58504
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5180 Lincoln Rd Lincoln, ND 58504
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