1225 Stanford Rd Grand Forks, ND 58203
Estimated payment $3,337/month
About This Home
Fully leased 10-unit apartment building ideally located near the University of North Dakota. The property features ten well-maintained one-bedroom, one-bathroom apartments along with ten private garage stalls and additional off-street parking for residents. Reliable cash flow with 100% occupancy makes this an attractive investment opportunity. Owner currently pays the city utility bill, while tenants are responsible for their own electric, heat, and internet.
Property Details
Property Type
- Other
Est. Annual Taxes
- $6,810
Year Built
- Built in 1972
Utilities
- Heating Available
Listing and Financial Details
- Assessor Parcel Number 44310705600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,469 | $196,500 | $0 | $0 |
| 2023 | $6,434 | $182,500 | $56,500 | $126,000 |
| 2022 | $6,008 | $183,150 | $48,550 | $134,600 |
| 2021 | $5,956 | $183,150 | $48,550 | $134,600 |
| 2020 | $2,315 | $0 | $0 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | $0 | $0 | $0 | $0 |
| 2016 | $0 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/29/2025 08/29/25 | For Sale | $525,525 | -- | -- | |
| 10/20/2023 10/20/23 | Off Market | -- | -- | -- | |
| 05/15/2020 05/15/20 | Sold | -- | -- | -- | View Prior Sale |
| 04/15/2020 04/15/20 | Pending | -- | -- | -- | |
| 04/09/2020 04/09/20 | For Sale | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $350,553 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $325,000 | New Conventional |
Source: Grand Forks Area Association of REALTORS®
MLS Number: 25-1362
APN: 44310700056000
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