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    1017 7Th St Bismarck, ND 58501

    Sponsored
    For Sale
    $160,000

    Central Bismarck duplex, two units, great rental income.

    Property size:
    2,136 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This centrally located Bismarck duplex presents a compelling investment opportunity. The property, situated at 1017 N 7th Street, is a 2,136 square foot, two-unit apartment building constructed in 1940. The upper unit, a 2-bedroom, 1-bathroom apartment, currently commands a monthly rent of $900. The lower unit, a 1-bedroom, 1-bathroom apartment, rents for $725 per month. The property sits on a 0.12-acre lot (36' x 140') and includes a detached 576 square foot, two-stall garage with convenient alley access. The property is zoned R10 and its assessed property number (APN) is 0025-093-070. 2022 property taxes totaled $1,430.87. This property is being sold "AS IS". Showings require pre-qualification, 48-hour notice, and are scheduled between 8 am and 5 pm on weekdays. The property is conveniently located just south of the State Capitol grounds and north of Bismarck High School in Burleigh County, Bismarck, ND 58501.

    Property Features for 1017 7Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,136 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1940
    Units
    2

    HighLights

    • Detached 2‑stall garage (576 sq ft) with alley access.
    • 36' x 140' lot.
    • Centrally located Bismarck duplex.
    • 2022 property taxes: $1,430.87.
    • Pre‑qualification required for showings; 48‑hour notice; showings weekdays 8 am - 5 pm, agent present.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.7809662
    Latitude
    46.815774

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    FAQs

    What type of property is this?
    Multifamily property - Central Bismarck duplex, two units, great rental income.
    Where is this multifamily property located?
    The property is located at 1017 7Th St 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: Detached 2-stall garage (576 sq ft) with alley access.; 36' x 140' lot.; Centrally located Bismarck duplex.
    Request Owner's contact information
    1017 7Th St Bismarck, ND 58501
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    Bismarck, ND 58501
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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
    1017 7Th St Bismarck, ND 58501
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