Property profile

202 5th St Glen Ullin, ND 58631

OFF-MARKET
Commercial real estate
Property ID
US56-0234246
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This well-maintained, 13-unit apartment building presents a compelling investment opportunity in Glen Ullin, North Dakota. Located at 202 5th St, this single-story, 1962-built property sits on a 0.65-acre lot and is zoned for commercial use. Currently, thirteen units are available, with one currently used as a shared laundry facility. This laundry facility could easily be relocated to existing storage space, creating an additional rental unit. Adding to the income potential, two units are successfully operated as short-term rentals, catering to seasonal workers and travelers. The building boasts various updates and amenities, attracting both long-term and short-term tenants. This property offers a strong net operating income (NOI) and flexibility in rental options, ensuring stable cash flow and potential for growth. The high demand for housing from seasonal workers in the area further enhances the investment appeal. This is a unique chance to acquire a profitable multifamily property in a growing market. The property's location in Morton County, zip code 58631, provides easy access to local amenities and services. This turnkey operation is ready for a new owner to capitalize on its existing success and further expand its potential.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Zoning code ETZ
APN 63-0376000
UPID US56-0234246

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

202 5th St Glen Ullin, ND 58631-7359
Glen Ullin metro Census 20500 BISMARCK, ND METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$170k

Owner & transaction history

since 2026
Last sale
$150,000
7 recorded transactions
2026
$705,000
2022
$150,000
2019
$125,000
2012
Price N/A
2009
Price N/A
2007
Price N/A
2005
$90,000

Zoning & alternative use

ETZ · Glen Ullin, ND

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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