Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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