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

Property 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.