


304 6th Avenue NW Mandan, ND 58554
Description
4022538
$3,415(2024)
7,000 SQFT
Multifamily
1909
Two-Story
Morton County
Listed By
Jesse Clooten, Better Homes and Gardens Real Estate Alliance Group
GREAT NORTH MLS
Last checked Mar 2 2026 at 2:39 AM GMT+0000
- Full Bathrooms: 3
- 3/4 Bathroom: 1
- Refrigerator
- Rectangular Lot
- Forced Air
- Central Air
- Unfinished
- Partially Finished
- Carpet
- Laminate
- Vinyl
- Rain Gutters
- Roof: Shingle
- Utilities: Electricity Connected
- Sewer: Public Sewer
- Middle School: Mandan
- High School: Mandan High
- Concrete
- Driveway
- Additional Parking
- Alley Access
- Garage Faces Rear
- Multi/Split
Listing Price History
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Turnkey triplex bringing in $3,600/month in rental income. Built in 1909 and well maintained with recent major updates completed, including
new roof 2024
central A/C 2023
new windows 2021
Each unit is updated and fully rented with solid tenants. Property includes a two-stall attached, heated garage plus off-street parking for all tenants. Low maintenance and dependable income make this good opportunity for a home owner looking for a a primary residence with rental income.
For the investor savvy buyer this 10.1 cap property is right up your alley!
Each unit is fully occupied with long-term tenants.
• Gross Income: $43,200/year
• Property Taxes: $3,400/year
• Insurance: $2,000/year
• Estimated Maintenance/Utilities: $2,500/year
• Total Estimated Expenses: $8,100/year
• Net Operating Income (NOI): $35,100/year
• Asking Price: $370,000
• Estimated Cap Rate: 10.1%
Strong cash flow, low maintenance, and recent capital improvements make this a reliable, hassle-free addition to any investment portfolio.
The main floor unit is a 4 bed 2 bath with in unit laundry.
Unit 2 is a 3 bed 1 bath with in unit Laundry.
Unit 3 is a 2 bed 1 bath.
The property is professionally managed by Clooten Property Management inc. and a 24 hour notice is required.