808 Main St, Scranton, ND 58653
This exceptional investment opportunity presents an eight-unit apartment building situated on a 0.32-acre lot at 808 Main St. N, Scranton, North Dakota (Lots 5-6, Block 3, North Heights). The property, totaling 6,792 square feet, boasts a desirable unit mix: seven two-bedroom, one-bathroom apartments and one fully furnished one-bedroom, one-bathroom unit. Each unit is equipped with a refrigerator, stove, microwave, and window air conditioning unit. Residents enjoy shared laundry facilities conveniently located on the main floor. Further enhancing the property's appeal are a three-stall, 22ft x 36ft garage, an 8ft x 10ft storage shed, and a spacious 3900 square foot concrete parking lot. Built in the 1970s and completely renovated in 1997, the building is currently 87.5% occupied, with one two-bedroom unit available for rent at $600 per month. The property benefits from city water and sewer, MDU electricity, and baseboard electric heating. 2022 property taxes amounted to $1,692.71. This well-maintained complex offers a strong return on investment with potential for increased rental income. The asking price is $334,800. Viewings are by appointment only.
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
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.