504 3Rd Ave, Wahpeton, ND 58075
This exceptional 8,000 square foot, 17-unit apartment building located at 504 3rd Avenue N in Wahpeton, North Dakota, represents a compelling investment opportunity. Currently boasting 100% occupancy, this low-rise property generates immediate and substantial rental income. The unit mix includes a combination of one- and two-bedroom apartments, providing a diverse tenant base and consistent cash flow. A proven rental history underscores the property's strong performance and stability in the Wahpeton market. The building sits on a 0.18-acre lot, and importantly, the sale includes an adjacent parcel of land, providing ample off-street parking for residents. This valuable amenity enhances tenant satisfaction and contributes to the property's overall appeal. The asking price for this fully occupied, income-producing asset is $849,900. This presents a rare chance to acquire a well-maintained, high-performing multifamily property with significant potential for long-term appreciation and growth in a desirable North Dakota location. The combination of full occupancy, convenient parking, and a proven track record makes this an attractive investment for discerning buyers seeking immediate returns and future upside. Serious inquiries are encouraged.
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.