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    OFF-MARKET
    Commercial real estate

    1193 14Th St, Dickinson, ND 58601

    1.38 ac lot Built 2012
    Property ID
    US56-0146896
    Property summary
    AI-generated overview

    This exceptional 40-unit apartment building, located at 1193 14th St W in Dickinson, North Dakota, presents a compelling investment opportunity. Built in 2012, the property boasts a desirable location in Stark County, zip code 58601, and sits on a spacious 1.38-acre lot. Currently operating at 100% occupancy, this multifamily asset offers a strong, stable income stream. The asking price is $3,000,000, translating to an attractive $75,000 per unit. With a 7.5% capitalization rate, this property promises significant returns on investment. Ample parking is provided with 70 spaces, offering a comfortable 1.8 spaces per unit for residents. The property's modern construction and high occupancy rate make it an ideal addition to any portfolio seeking consistent cash flow and long-term appreciation potential in a thriving North Dakota market. The property's prime location in Dickinson offers easy access to local amenities and services. This is a rare opportunity to acquire a well-maintained, high-performing apartment building in a growing community. Detailed financial statements and property information are available upon request.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 2012
    Lot 1.38 ac (60,113 SF)
    UPID US56-0146896
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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