East Grand Forks, MN Residential income properties for sale

Updated: Feb 23

81-Unit Multifamily Investment Opportunity

208 2nd St NW, East Grand Forks, MN 56721

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47,061 sqft

Rare opportunity to acquire an 81‑unit legacy property in a high‑demand market, never previously offered for sale.
Significant value‑add potential through interior modernization to capture market rents and increase NOI.
Highly desirable unit mix of 78 one‑bedroom and 3 two‑bedroom units.
Underutilized revenue enhancement opportunities through strategic rent increases, RUBS, parking, laundry, and premium unit finishes.
Rare entry point into a supply‑constrained multifamily market.

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Updated: Jul 21

Four-Story Apartment Building

316 4th St NW, East Grand Forks, MN 56721

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1.31 AC lot

Four‑story multi‑family complex on a 1.31‑acre site with 39 residential rental units (1-, 2-, and 3‑bedroom).
Includes 6,500 SF of main‑level commercial space plus 10 single‑story detached garage structures.
Built in 2013 with wood frame construction, pitched asphalt roof, steel siding, and maintenance‑free windows.
Each unit features a stove, fridge, microwave, dishwasher, and washer/dryer, plus a balcony.
Apartment comfort includes electric baseboard heat (tenant‑paid) and individual wall A/C units (1 per unit).

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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in East Grand Forks, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

18-Unit Apartment Building

221 8th Avenue SE, Mayville, ND 58257

$1,025,000

Well-maintained 18-unit apartment building with on-site laundry and resident storage in a quiet residential setting.

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18-Unit Apartment Building

226 8th Ave SE, Mayville, ND 58257

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15,480 sqft

Rural 18-unit apartment building with on-site laundry facilities and generous storage.

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Multi-Family Apartment Complex

3619 Landeco Lane, Grand Forks, ND 58201

$1,650,000

Twenty-nine unit apartment complex offers one-, two-, and three-bedroom units with on-site coin-operated laundry and parking.

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Multifamily Apartment Complex with Garages

525 Demers Ave, Grand Forks, ND 56721

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Two apartment buildings offer 75 units total, balconies, elevators, and on-site exterior and detached garage parking.

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East Grand Forks, MN Residential Income Properties for Sale

208 2nd St NW, East Grand Forks, MN 56721

316 4th St NW, East Grand Forks, MN 56721