Central Bismarck Residential
1017 N 7th St Bismarck, ND 58501
1017 N 7th St, Bismarck, ND, 58501
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For Sale
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Residential duplex in central Bismarck near State Capitol grounds.
Property Size2,136 SF
Price / SF$65.54
Days on Market1195
Property Features for 1017 N 7th St
General Information
- Standard status
- Active
- Size
- 2,136 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1940
Listing Agency
The CRA Group
Listed by
Brett Bina · License #10592
Source
Crexi
Added: Apr 13, 2023 Checked: Jul 19 at 7:43 am
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
Investment Insights
Based on property information with market context.
This over-under residential duplex is located in central Bismarck, situated south of the State Capitol grounds and north of Bismarck High School. The property features two units: the upper unit includes 2 bedrooms and 1 bathroom, currently rented for $900 per month. The lower unit offers 1 bedroom and 1 bathroom, with a current rental income of $725 per month. The property is being sold in "AS IS" condition. The property size is 2136 square feet.
Key Highlights
- Central Bismarck location near State Capitol and Bismarck High School
- Duplex property offers immediate rental income potential
- Upper unit: 2‑bedroom, 1‑bathroom, currently rented for $900/month
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.1k | $11.28 |
| − Vacancy | −$1.9k | −$0.88 |
| EGI | $22.2k | $10.40 |
| − OpEx | −$10.0k | −$4.68 |
| NOI | $12.2k | $5.72 |
2,136 SF · lease $11.28/SF/yr · vacancy 7.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$201.7K
$176.5K – $235.4K
NOI $14,121 @ 7.0% cap · market cap 10.09%
Second Best
Apartment 5plus
$174.5K
$152.7K – $203.6K
NOI $12,218 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$508.3K
$444.8K – $593.0K
NOI $35,581 @ 7.0% cap · market cap 25.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Residential duplex in central Bismarck near State Capitol grounds.
Where is this duplex located?
The property is located at 1017 N 7th St Bismarck, ND.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Central Bismarck location near State Capitol and Bismarck High School; Duplex property offers immediate rental income potential; Upper unit: 2‑bedroom, 1‑bathroom, currently rented for $900/month
