Property profile

424 Main St Lisbon, ND 58054

OFF-MARKET
Commercial land
Property ID
US56-0085689
Entity Owned Free & Clear
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Property summary

AI-generated overview

This charming, historic building, known as the Hamilton Block, presents a unique investment opportunity in Lisbon, North Dakota. Located at 424 Main St, 58054, this two-story, Class B multifamily property boasts eight rentable units, commanding an asking price of $665,000 ($83,125 per unit). The building features a desirable mix of commercial and residential space. The main floor comprises two retail spaces, ideal for generating consistent income streams. Above, five recently remodeled apartments offer comfortable and updated living spaces for tenants. A spacious gymnasium area adds further versatility and potential for additional revenue generation. Significant improvements have been made, including a newly replaced roof, enhancing the building's longevity and reducing maintenance costs. The common hallways have also undergone impressive renovations, maintaining the building's historic character while providing a modern and welcoming atmosphere. This property offers a blend of historical charm and modern upgrades, making it an attractive investment for both seasoned and aspiring real estate investors seeking a strong return in a stable market. The property's prime location on Main Street in Lisbon ensures high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, mixed-use property with significant upside potential.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
APN 28-4850000
UPID US56-0085689

Cap rate & NOI

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

Location

424 Main St Lisbon, ND 58054-4167
Lisbon metro Census 969100
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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