Multi Family Home · Bismarck, ND 58501

611-615 N 6th Street, Bismarck, ND 58501

Bismarck, ND 58501

$1,500,000

ActiveMLS® 4027190

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ActiveMLS® 4027190
$1,500,000
611-615 N 6th Street, Bismarck, ND 58501
20 Bds 18 Ba 9,574 Sq.Ft. 0.1618 Ac
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
  • Appliances Other
  • General See Remarks
  • Basement See Remarks
  • A/C Other
  • Heating Forced Air, Boiler, Natural Gas
Exterior and Construction
  • Construction materials Other, Frame
  • Exterior Balcony, Private Entrance, Storage, Shed(s)
  • Style See Remarks
Utilities
  • Sewer Public Sewer
  • Water Public
Land and Lot
  • Lot size 0.1618 acres (7,048 sq ft)
  • Lot description Level, Lot - Owned, Other
Location and Zoning
  • Road/Access City Street
  • County Burleigh
  • Zoning 611-N Pacific 2nd block:42 Lot 9 Less east 9' for alley 615-N Pacific 2nd block:42 Lot 10 Less east 9' for alley, 0020-042-030
Schools
  • School District Bismarck Public School District 1
Tax and Legal
  • Annual tax $5,575
  • Tax year 2025
  • Parcel number 0020-042-030
  • Legal description 611-N Pacific 2nd block:42 Lot 9 Less east 9' for alley 615-N Pacific 2nd block:42 Lot 10 Less east 9' for alley
Parking and Garage
  • Garage On Street, Unassigned
  • Garage spaces 1

Listing Information

Listing Agent
MISSY MORITZ
Listing Office
BIANCO REALTY, INC.

Information is from sources deemed reliable but it should not be relied upon without independent verification. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Location
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