For Sale
$665,000

424 Main St Lisbon, ND 58054

Eight-unit multifamily, renovated 2020

Overview

Added:
Dec 11, 2024
Days on market:
135
This charming, historic building, known as the Hamilton Block, presents a unique investment opportunity in Lisbon, North Dakota. Located at 424 Main St, 58054, this two-story, Class B multifamily property boasts eight rentable units, commanding an asking price of $665,000 ($83,125 per unit). The building features a desirable mix of commercial and residential space. The main floor comprises two retail spaces, ideal for generating consistent income streams. Above, five recently remodeled apartments offer comfortable and updated living spaces for tenants. A spacious gymnasium area adds further versatility and potential for additional revenue generation. Significant improvements have been made, including a newly replaced roof, enhancing the building's longevity and reducing maintenance costs. The common hallways have also undergone impressive renovations, maintaining the building's historic character while providing a modern and welcoming atmosphere. This property offers a blend of historical charm and modern upgrades, making it an attractive investment for both seasoned and aspiring real estate investors seeking a strong return in a stable market. The property's prime location on Main Street in Lisbon ensures high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, mixed-use property with significant upside potential.

Highlights

  • $665,000 asking price for an 8-unit apartment building.
  • Multifamily property, Class B, with 8 units.
  • Recently renovated in 2020, two stories.
  • Located at 424 Main St, Lisbon, ND 58054.
  • Features main floor retail space and 5 updated apartments.
  • Broker co-op available.

Property Details for 424 Main St

Property type
Apartment buildings
Class
B
Year Renovated
2020
Stories
2
Units
8

Location Insight

City
Lisbon
County
Ransom
State
North Dakota
Latitude
46.4422435
Longitude
-97.6818931

FAQs

What type of property is this?
Apartment building - Eight-unit multifamily, renovated 2020
Where is the apartment building located?
The property is located at 424 Main St Lisbon, ND.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: $665,000 asking price for an 8-unit apartment building.; Multifamily property, Class B, with 8 units.; Recently renovated in 2020, two stories.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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424 Main St
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