Central Bismarck Triplex For
For Sale
Contact for pricing
220 W Rosser Ave, Bismarck, ND 58501
Triplex in central Bismarck near Custer Park and downtown.
Property Size1,951 SF
Price / SF$82.01
Days on Market1285
Property Features for 220 W Rosser Ave
General Information
Standard status
Active
Size
1,951 SF
Property subtype
Multifamily
Zoning
RM30
Building Details
Year Built
1913
Units
3
Listing Agency:
The CRA Group
Listed By:
Brett Bina · License #10592
(701) 400-5373
Source:
Crexi
Added: Apr 14, 2023
Changed: Oct 16
Last Checked: Oct 19 at 4:56AM
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 The CRA Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a triplex located in central Bismarck. The property contains two levels and is situated near Custer Park and close to downtown. The unit mix includes one 2-bedroom, 1-bath unit, one studio, 1-bathroom unit, and one 1-bedroom, 1-bathroom unit. The 2-bedroom unit rents for $700 per month, the studio for $600 per month, and the 1-bedroom for $575 per month. The property is being sold in "AS IS" condition. The property size is 1951 square feet.
Key Highlights
- Triplex property provides immediate rental income.
- Located in Central Bismarck, offering convenient access to amenities.
- Proximity to downtown Bismarck.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,898
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,960
$258.0K
Cap Rate 7%
$184,257
$184.3K
Cap Rate 9%
$143,311
$143.3K
Market Conditions
NOI Build-Up for 1,951 SF
Gross rent
$19.9K $10.20/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$18.4K $9.44/SF
− OpEx
−$5.5K −$2.83/SF
NOI
$12.9K $6.61/SF
Area
Burleigh County, ND
Vacancy
7.41%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,960
Cap Rate 7%
$184,257
Cap Rate 9%
$143,311
Alternative Uses
Best Use
Multifamily LT 5
$184.3K
$161.2K – $215.0K
NOI $12,898 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$159.4K
$139.5K – $186.0K
NOI $11,160 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$464.3K
$406.2K – $541.7K
NOI $32,499 @ 7.0% cap · market cap 20.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,918
Businesses Nearby
Explore this area
Business Placement
Demographics for 58501, ND
28,388
Population
13,445
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
95%
High-School Grad
22.8 sq mi
ZIP Area
1,245
Density / Sq Mi
$69,796
Median Household Income
$45,237
Median Earnings
$938
Median Rent
$276,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Triplex in central Bismarck near Custer Park and downtown.
Where is this triplex located?
The property is located at 220 W Rosser Ave Bismarck, ND.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Triplex property provides immediate rental income.; Located in Central Bismarck, offering convenient access to amenities.; Proximity to downtown Bismarck.
