ActiveMLS® 4027190
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611-615 N 6th Street, Bismarck, ND 58501 photo
Multi Family Home
MLS® 4027190
$1,500,000
611-615 N 6th Street, Bismarck, ND 58501
20 Beds 18 Baths 0.162 Acres 9,574 Sq.Ft. Built 1923
Description

PACKAGE SALE! Rare 18-unit multifamily investment opportunity in central Bismarck! Offered at $1,500,000, this portfolio includes two adjacent apartment buildings. 611 N 6th features 5 units and 615 N 6th features 13 units, for a total of 18 units. A 20x12 detached garage is also on site for added storage. The properties have been under the same ownership since the early 1990s, with a history of stable occupancy, consistent maintenance, and numerous capital improvements. Current rents have intentionally been maintained below market, providing significant value-add potential for the next owner. The portfolio consists primarily of one-bedroom apartments, providing workforce housing in a convenient central Bismarck location near downtown, the State Capitol, major employers, healthcare/hospitals, shopping, restaurants, and public transportation. At the $1,500,000 offering price, the portfolio is priced at approximately $83,333 per unit. Rent roll, utility history, tax statements, capital improvement records, lease information, financial documentation, and operating expense history are available for due diligence.

Interior features
  • Additional features Shed(s)
  • Air conditioning Other
  • Basement description See Remarks
  • Outbuildings Shed(s)
  • Fence None
  • Lot dimension 0.1618 Acres
  • Lot description Level, Lot - Owned, Other
Exterior features
  • Outbuildings Shed(s)
  • Fence None
  • Lot dimension 0.1618 Acres
  • Lot description Level, Lot - Owned, Other
  • Exterior Balcony, Private Entrance, Storage

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