1221 S 15th Street, Grand Forks, ND 58201

Grand Forks
Local realty services provided by:ERA Prospera Real Estate
1221 S 15th Street,Grand Forks, ND 58201
$300,000
  • 8 Beds
  • 4 Baths
  • 3,264 sq. ft.
  • Multi-family
  • Active
Listed by: derek hogenson
Office: real (3961 wf)
MLS#:7064793
Source:NSMLS

Price summary

  • Price:$300,000
  • Price per sq. ft.:$91.91

About this home

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...

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Home facts

  • Year built:1968
  • Listing ID #:7064793
  • Added:5 day(s) ago
  • Updated:May 07, 2026 at 02:43 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Block
  • Living area:3,264 sq. ft.

Heating and cooling

  • Heating:Boiler

Structure and exterior

  • Year built:1968
  • Building area:3,264 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Corner Lot
  • Levels:Bi/Split Level

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$300,000
  • Price per sq. ft.:$91.91
  • Tax amount:$4,117 (2025)

Features and amenities

  • Laundry features:Coin-op Laundry Owned

Parking

  • Parking description:Concrete, Detached Garage, Open
  • Garage:Yes
  • Garage spaces:2
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