609 4Th St Bismarck, ND 58501
This exceptional multifamily property, located at 609 N 4th St in Bismarck, North Dakota, presents a unique investment opportunity. Priced at $165,000, this building offers endless possibilities for renovation and redevelopment. Situated in the heart of downtown Bismarck, within the downtown fringe zoning district, the property boasts significant potential. While previously configured as a 3-bedroom apartment upstairs, the interior is currently a blank canvas, allowing for creative design and flexible use of the over 3,000 square feet of potential finished space. The property's exterior has already benefited from recent improvements, with the roof shingles replaced in 2022. This prime location in Burleigh County, zip code 58501 (latitude 46.8110993, longitude -100.785623), offers easy access to Bismarck's vibrant downtown area and its amenities. Don't miss this chance to acquire a property with substantial upside potential in a thriving North Dakota market. The building's flexible zoning and substantial square footage make it ideal for a variety of uses, from residential to commercial, or a combination of both. This is a rare opportunity to acquire a property with significant potential in a desirable location.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.