612 18th Ave SE - Apartments FOR SALE


Minot, ND 58701- Downtown Minot
$255,000 USD
701-852-3757
612 18th Ave SE, Minot, ND for Sale
$255,000 USD
Apartments - FOR SALE
1/41
null | Request Cap Rate

612 18th Ave SE
Minot, ND 58701
Downtown Minot


HIGHLIGHTS

  • 100% occupied
  • Recent exterior updates
  • Located in high-demand area

OVERVIEW

Investor Opportunity-Fully Occupied & Recently Renovated 4-Plex! This well-maintained and fully occupied 4-plex is ready for its next savvy investor! Recent exterior updates include siding (2016), shingles (2024) and a freshly sealed driveway (2025) - taking care of all the major upgrades. Each of the four units features 2 bedrooms and 1 bathroom, complete with full kitchens equipped with a dishwasher, refrigerator, & stove. Three units are approximately 700 sq ft, while the fourth is slightly smaller at around 650 sq ft. The upper two units include maintenance-free balconies, adding extra appeal for tenants. A shared, coin-operated laundry area provides added convenience for residents and an additional income stream for the owner. The exterior also features designated plug ins for tenants vehicles in the winter months. Also there is a storage shed! Located in a high-demand area near elementary schools, parks, shopping, and churches, this property offers excellent rental potential - and the option to live in one unit while renting out the rest. Don't miss out on this turn-key investment opportunity in a prime location!

FOR SALE DETAILS

PRICE

$255,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

4

PRICE/UNIT

$63,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SE Minot 4-Plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,820 SF

ZONING

R3B

APN/PARCEL ID

MI25.428.030.0040

ASK ABOUT THIS PROPERTY

Sammy HerslipBrokers 12More Info
701-852-3757

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Sammy HerslipBrokers 12More Info
701-852-3757

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.