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33728428
33728416

209 2nd Street Southeast, Belfield, ND 58622

CR
ND ND 11466
Aspen Group LLP
Listed by Aspen Group LLP
$799,000
1 day on market
Updated 1 day ago

209 2nd Street Southeast

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,800
Units 8
Cap Rate 8.08%
Buildings 1
Lot Size (SqFt) 17,500

8-Unit Multifamily Investment | Belfield ND

Marketing description

This 8-unit multifamily investment property in Belfield, North Dakota presents an excellent opportunity for investors seeking strong cash flow and long-term value. The 9,800 SF building is situated on a 17,500 SF (0.401-acre) lot and offers an attractive 8.08% CAP rate.

The property features a desirable unit mix of four 2-bedroom, 2-bath apartments and four 3-bedroom, 2-bath apartments, appealing to a wide range of tenants. Each unit is equipped with in-unit washers and dryers, individually metered water and electric service, baseboard heat, and its own hot water heater, helping reduce landlord utility expenses and simplify property management.

Additional amenities include eight single-stall garages and onsite parking, providing convenience for residents. With spacious floor plans, tenant-friendly features, and separately metered utilities, this multifamily asset offers investors a well-positioned opportunity in the western North Dakota market.

Investment highlights

• CAP: 8.08%

• 2 Bed, 2 Bath, (4) units

• 3 Bed, 2 Bah, (4) units

• 8 Garages, single stall

• Onsite parking

• Units separately metered for water and electric

• Washer and dryers in unit

• Baseboard heat

• Individual hot water heaters in each unit

Listing Contacts

CR
ND ND 11466
Aspen Group LLP
Listed by Aspen Group LLP

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Zoning

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R-3 ResidentialMulti FamilyApartments
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Last updated Apr 6, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Charles Reichert
License
ND 11466
Brokerage
Aspen Group LLP
Brokerage Phone
7012232450
Brokerage Address
424 South 3rd Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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