138 Rodeo Dr Oakdale, ND 58640
This exceptional 24-unit apartment building presents a compelling investment opportunity in Killdeer, North Dakota. Boasting a total of 23,790 square feet, this meticulously maintained property offers a blend of comfort and convenience. Constructed in 2015, the three-story building sits on a spacious 4.03-acre lot, providing ample on-site parking for residents. The complex comprises twelve 2-bedroom, 2-bathroom units and twelve 1-bedroom, 1-bathroom units, all fully furnished and equipped with in-unit washer/dryers and individual PTAC units. Currently operating at 100% occupancy, this property demonstrates strong rental demand and immediate cash flow potential. The asking price is $2,450,000, translating to $102,083.33 per unit and $102.98 per square foot. The property is zoned for multi-family use, presenting potential for future expansion on the expansive lot. This turnkey investment is ideal for discerning buyers seeking a stable and profitable addition to their portfolio. The building's modern design and high occupancy rate make it a truly attractive proposition in the thriving Killdeer market. Located at 138 Rodeo Drive, Killdeer, ND 58640, this property offers a rare opportunity to acquire a high-performing asset in a desirable location.
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RODEO DRIVE APARTMENTS Apartment Complex
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.