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408 S Washington Street
Bismarck
$649,900.00Active
- 8 Bedrooms
- 12 Bathrooms
- 4560 Square Feet
- Apartment Style
- 0.4170 Lot Size (Acres)
- 8.00 Car Garage
- Built in 2013
- MLS #4023624
- Concrete Perimeter Driveway
- Vinyl Siding
- Carpet,Hardwood,Laminate
Property Details
- Main Finished 2280 Square Feet
- Upper Finished 2280 Square Feet
- Lower Finished 0 Square Feet
- 0 Square Feet Basement
- 4560 Square Feet Above Grade
- Total 4560 Square Feet
Features
- Elementary School
- Middle School
- High School
- Electricity Connected,Natural Gas Connected,Sewer Connected,Trash Pickup - Public,Water Connected
- Public Water/Sewer
- Kitchen Appliances, Washers, Dryers Included
- Electric,Forced Air Heat/Cool
- Fuel
- Crawl Space,None Basement
- Crawl Space,None Basement
Other Information
Exceptional 4-Plex Investment Opportunity in the Heart of Bismarck!Built in 2013, this well-maintained 4-plex offers strong rental income, excellent tenant history, and modern construction designed for long-term performance. The property features 8 bedrooms, 12 bathrooms, and 8 garage spaces, providing an ideal blend of functionality, comfort, and tenant appeal.Each unit operates independently with separate HVAC systems, electrical, and gas, helping keep operating costs low and management straightforward. Tenants pay all utility expenses, with the owner responsible only for water, sewer, and garbage, creating an efficient and attractive expense structure for investors.The current rental setup includes:Unit 1: Owner-occupied (scheduled to be vacant in March), Unit 2: $1,100/month, Unit 3: $1,150/month, Unit 4: $1,150/month A rare and valuable feature of this property is its ability to be split into four individual condominium units, offering exceptional flexibility for future use--whether held as a cash-flowing asset, sold individually, or occupied while renting the remaining units.Conveniently located near downtown Bismarck, schools, medical facilities, and major amenities, this property combines location, income stability, and long-term upside. Opportunities like this--newer construction, strong rental performance, garage parking, and condo-conversion potential--are seldom available.Contact your favorite Realtor for a private showing today!
- Close Of Escrow,Subject To Tenant Rights
- 7974 Taxes
- Special Balance 7,450.19
- Special Installments 1,812.72
- Zoning RT
- BLK:33PARK HILL (AUD LOTS) Block: 33 LOT ''A''OF AUDITORS LOT 33
- Listed by Keedan D Holzworth, eXp Realty