USANDGrand ForksVillards Add1221 S 15Th St
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1221 S 15Th St, Grand Forks, ND

House

For Sale

Listed price in listed location currency (USD).
$300,000

842

MLS® 7064793

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3264 sqft
Garage Yes
Taxes $4,117
Days Active 0
Lot Size 
Approx. Age 1968
Avg. Price Per Sqft $91
MLS® Number 7064793

Property Address: 1221 S 15th St, Grand Forks, ND, 58201-5327

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey 4-plex investment opportunity in the heart of Grand Forks with strong rental history and significant upside potential. This well-maintained property features four 2-bedroom, 1-bath units, offering a solid foundation for both seasoned and entry-level investors. The property is fully leased with a diverse tenant base, including long-term occupancy—one tenant in place since 2001—providing immediate and reliable income stability. Current gross monthly rents total $2, 905, with additional income from on-site laundry bringing total annual income higher. Investors will appreciate the clear value-add opportunity: comparable 2-bedroom units in the Grand Forks market are renting between $800-$1, 000 per month, leaving substantial room to increase cash flow over time. Whether through strategic rent adjustments or future unit updates, this property offers a path to significantly improved returns. Situated in a highly desirable rental location near the University of North Dakota, the property benefits from consistent rental demand. Tenants enjoy convenient access to grocery stores, daycare facilities, and multiple schools within a one-mile radius, along with nearby public transportation options—making it an attractive and practical place to live. Additional features include two single-stall garages, driveway parking, and ample street parking, enhancing tenant convenience and overall property appeal. This is a rare opportunity to acquire a stabilized, income-producing asset with built-in upside in a strong rental market. Ideal for investors seeking immediate cash flow with long-term growth potential.
MLS® Number7064793
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1968
BasementBlock
DrivewayDetached Garage, Concrete, Open
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 1, 2026List Date
$300,000List Price
  • Commute

Commute

Starting Address
Destination Address
1221 S 15Th St, Grand Forks, ND

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