208 2nd St NW, East Grand Forks, MN 56721 For Sale

First Time Ever Offered for Sale

A truly rare opportunity to acquire a legacy property that has never previously traded — assets of this scale almost never come to market in Grand Forks.

• 81-Unit Building in a High-Demand Market

One of the largest residential assets in the submarket, offering immediate scale, durable cash flow, and long-term hold appeal.

• Highly Desirable & Efficient Unit Mix – 78 One-Bedroom / 3 Two-Bedroom Units

Ideal for today’s renter profile — strong demand for affordable, efficient living driving consistent absorption and rent growth.

• Significant Value-Add Through Interior Modernization

Clear upside through unit upgrades, finishes, appliances, and amenities to capture market rents and increase NOI.

• Underutilized Revenue Enhancement Opportunities

Ability to implement strategic rent increases, RUBS, parking, laundry, and premium unit finishes to drive additional income.

• Rare Entry Point Into a Supply-Constrained Multifamily Market

Limited new development of assets this size creates built-in pricing power over time.

• Long-Term Appreciation with Scalable Upside

Investors benefit from immediate income with a clear path to forced appreciation through thoughtful repositioning.

Discover the vibrant potential of East Grand Forks, MN, a charming community with a thriving local economy. Located near the scenic Red River and the bustling downtown district, the area offers an inviting mix of shops, restaurants, and entertainment venues. Investors will appreciate the proximity to the University of North Dakota and the Grand Forks Air Force Base, as well as the area's growing demand for multifamily housing. With easy access to major transportation routes and a strong sense of community, the location presents an exciting opportunity for those looking to make a strategic investment in a dynamic and promising market.