421 1ST Avenue S, Grand Forks, ND 58201 (MLS# 25-1204)
$375,000
421 1ST Avenue S Grand Forks, ND 58201 MLS# 25-1204 Status: Closed 16 baths | 17631 sqft
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Property Description INVESTMENT OPPORTUNITY - 16 Unit Brick Apartment Building | Near Downtown Grand Forks
Here's your chance to own a spacious brick apartment building in a central Grand Forks location, just minutes from downtown and the University of North Dakota. This 16-unit property includes 10 one-bedroom units and 6 studio units, offering strong rental potential.
Details
Maps
General Property Information
Realtor.COM Type: Multi-Family
Below Ground SQFT: 5877
Lot Size Dimensions: 75x140
Above Ground SQFT: 11754
Garage Type: None
Garage Stalls: 0
Lot SqFt: 10500
Waterfront: No
Total SqFt.: 17631
Total Bathrooms: 16
Year Built: 1927
Location, Tax and Legal Information
Tax Year: 2025
Pend+Proposed Spec: 0
Taxes: 6100
Flood Plain: No
Parcel Number: 44300400047000
Specials Amount: 0
Total Tax & Specials: 6100
Specials Unpaid: 0
Legal: Lot 2 & N 1/2 of Lot 4, Block 7, Traills Addition
Miscellaneous
Contingency Sale: N
Off Street Parking: Yes
P/L at Office: Yes
Levels
Two: 1
Income
Gross Scheduled Income: Ask agent
# Units: 16
Vacancy Percent: 70%
Inclusions
# Ranges: 15
# Refrigerators: 13
Expenses
Tax and Specials Exp Information: 6100
Electricity Expense Add'l Info: Tenant
Heat Expense Add'l Info: Dual
Insurance Expense Add'l Info: Ask agent
Maintenance Expense Add'l Info: Ask agent
Water/Sewer Expense Add'l Info: Ask agent
Showing Instructions
Showing Service: None
Contract Information
Status: Closed
List Price: $375,000
Current Price: $375,000
Location Tax and Legal Information
Area: S Grand Forks
House Number: 421
Street Name: 1ST
Street Suffix: Avenue
Street Direction Sfx: S
State/Province: ND
Country: USA
Postal Code: 58201
County: Grand Forks
Zoning: A-1 Limited Development
Confidential Information
Begin Date: 2025-08-07
Under Contract Date: 2025-08-25
Sold Date: 2025-09-02
Property Features
Levels: Two
Supplements
The building does require significant updates and improvements, and is priced accordingly. With the right vision and investment, this could be a fantastic value-add opportunity for the savvy investor. Whether you're looking to renovate and hold, or reposition the property entirely, the location and structure provide a solid foundation for future growth. Assigned parking.
