Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    12648 23Rd St Watford City, ND 58854

    Sponsored
    For Sale
    $7,499,000

    164-unit apartment complex, prime location.

    Property size:
    55,148 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents the Telluride Lodge, a 2013-built multifamily complex ideally situated in Watford City, North Dakota, within the heart of the Bakken Oil Fields. Boasting a substantial 55,148 square feet on a 10.49-acre lot, this property comprises 164 furnished one-bedroom apartments and six furnished cabins. The complex is meticulously maintained under professional property management, ensuring a safe and quiet living environment for residents. Convenient amenities include on-site laundry facilities, a fully equipped fitness room, and a community room, enhancing the appeal and value of the property. Each unit features outdoor outlets designed for block heaters, a practical feature in the North Dakota climate. The property's prime location near major roads provides excellent accessibility. Zoned for commercial use, this property offers significant potential for investors seeking a strong return in a thriving market. The asking price is $7,499,000, translating to $135.98 per square foot. This well-managed, high-occupancy complex represents a compelling investment opportunity. Further details are available upon request.

    Property Features for 12648 23Rd St

    General Information

    Property type
    Multifamily properties
    Square Feet
    55,148 SF
    Lot Size
    456,944 SF

    Building Details

    Year Built
    2013
    Units
    164

    HighLights

    • 164 furnished one‑bedroom apartments.
    • 6 furnished cabins.
    • On‑site laundry facilities, fitness center, and community room.
    • Outdoor outlets for block heaters at each unit.
    • 10.49‑acre site.
    • Professional property management in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Skin Care Clinic Wine and Liquor Store Travel Agency Bed & Breakfast Laundry Service Laundromat Realty agency Storage Facility Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Watford City
    County
    Williams
    State
    North Dakota
    Longitude
    -103.294654
    Latitude
    47.7452618

    Nearby Comparable

    • $250,000
      4.54 Acres

      Prime Watford City RV Park Investment

      18-lot RV park, 4.54 acres, development potential.
      22nd M St, Watford City, ND 58854
      View Details
    • $695,000
      4.73 Acres

      Prime Watford City RV Park

      50-space RV park, high ROI potential
      12597 Zoe Rd, Watford City, ND 58854
      View Details
    • $349,900
      7.00 Acres

      Watford City Commercial Land - 7 Acres

      Prime Commercial Land, Watford City, ND
      13000 Zoe Rd, Watford City, ND 58854
      View Details
    • $1,150,000
      7.40 Acres

      Prime Watford City RV Park

      86-space RV park, excellent cash flow
      12556 Zoe Rd, Watford City, ND 58854
      View Details
    • $1,200,000
      36.74 Acres

      Watford City Industrial Land - 36.74 Acres

      Prime Industrial Land, Watford City, ND
      0 Main St, Watford City, ND 58854
      View Details
    • Contact for pricing
      54.73 Acres

      Bakken Land: 54.73 Acres

      Prime Commercial Land, Watford City, ND
      23 And 85, Schafer, ND 58854
      View Details
    • $378,000
      27.21 Acres

      Watford City Land Investment

      27 Acres, 16 Parcels, Buildable
      124th 124 Q Ave, Watford City, ND 58854
      View Details
    • Contact for pricing
      1.00 Acre

      Longview Subdivision: Acre Lots

      North Dakota land: Build your dream!
      0 Tbd Longview Subdivision, Watford City, ND 58835
      View Details
    • Contact for pricing
      1.00 Acre

      Longview Subdivision: 13 Acre Lots

      Prime Residential Land, Watford City Area
      0 Longview Subdivision, Watford City, ND 58835
      View Details
    • $949,000
      8.26 Acres

      Watford City Commercial Land Opportunity

      Prime 8-acre commercial lot, ready to build.
      0 Tbd Main St, Watford City, ND 58854
      View Details
    • $699,000
      2,880 SF

      Watford City Retail Investment

      2,880 SF Retail Space w/ Living Quarters
      2045 125Th Ave, Watford City, ND 58854
      View Details

    Nearby Similar for Sale

    • $695,000
      4.73 Acres

      Prime Watford City RV Park

      50-space RV park, high ROI potential
      12597 Zoe Rd, Watford City, ND 58854
      View Details
    • $699,000
      2,880 SF

      Watford City Retail Investment

      2,880 SF Retail Space w/ Living Quarters
      2045 125Th Ave, Watford City, ND 58854
      View Details
    • $1,150,000
      7.40 Acres

      Prime Watford City RV Park

      86-space RV park, excellent cash flow
      12556 Zoe Rd, Watford City, ND 58854
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 164-unit apartment complex, prime location.
    Where is this multifamily property located?
    The property is located at 12648 23Rd St Watford City, ND.
    What is the asking price?
    The asking price for this property is $7,499,000.
    What are key features of this property?
    This property features: 164 furnished one-bedroom apartments.; 6 furnished cabins.; On-site laundry facilities, fitness center, and community room.
    Request Owner's contact information
    12648 23Rd St Watford City, ND 58854
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12648 23Rd St
    Watford City, ND 58854
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    12648 23Rd St Watford City, ND 58854
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.