504 3Rd Ave, Wahpeton, ND 58075
This exceptional 17-unit apartment building, known as Del Rose, is situated at 504 3rd Ave N in Wahpeton, North Dakota, zip code 58075. Currently boasting 100% occupancy, this three-story building presents a compelling investment opportunity with immediate cash flow. The property encompasses 8,000 square feet and offers a mix of one- and two-bedroom units, providing a diverse tenant base. Its strong rental history and consistent occupancy demonstrate its appeal and potential for long-term growth. An added benefit is the inclusion of an adjacent lot, providing ample off-street parking for residents, enhancing both tenant satisfaction and the overall property value. The asking price for this multifamily property is $849,900. Located in Richland County, this property is strategically positioned in Wahpeton, ND, offering convenient access to local amenities and services. This turnkey investment is ideal for those seeking a stable and profitable addition to their portfolio. The property's solid performance and attractive features make it a highly desirable acquisition in the North Dakota market. This is a rare opportunity to acquire a fully occupied, income-generating multifamily property with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.