421 1ST Avenue S, Grand Forks, ND 58201 (MLS# 25-1204)

421 1ST Avenue S, Grand Forks, ND 58201

$375,000

Property Type: MultiFamily Baths: 16 Square Footage: 17,631 Lot Size (sq. ft.): 10,500 Status: Closed

Current Price: $375,000 List Date: 8/07/2025 Last Modified: 1/19/2026

Overview

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.

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 gr ... (Read more)

Listing Details MLS# 25-1204

General Property Information

Realtor.COM Type: Multi-Family
Total SqFt.: 17631
Below Ground SQFT: 5877
Above Ground SQFT: 11754
Total Bathrooms: 16
Garage Type: None
Year Built: 1927
Lot Size Dimensions: 75x140
Lot SqFt: 10500
Waterfront: No
Garage Stalls: 0

Property Features

Levels: Two

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

Income

Gross Scheduled Income: Ask agent
# Units: 16
Vacancy Percent: 70%

More Information

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

Inclusions

# Ranges: 15
# Refrigerators: 13

Miscellaneous

Contingency Sale: N
Off Street Parking: Yes
P/L at Office: Yes

Showing Instructions

Showing Service: None

Location, Tax and Legal Information

Tax Year: 2025
Pend+Proposed Spec: 0
Taxes: 6100
Flood Plain: No
Parcel Number: 44300400047000
Specials Amount: No
Total Tax & Specials: 6100
Specials Unpaid: No
Legal: Lot 2 & N 1/2 of Lot 4, Block 7, Traills Addition

Levels

Two: Yes

Listing Office: Oxford Realty

Last Updated: January - 19 - 2026

Information deemed reliable but not guaranteed.