1225 Stanford Rd Grand Forks, ND 58203
Estimated payment $3,342/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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 | -- | -- | -- |
| 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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 3140 Gateway Dr
- 3400 Gateway Dr
- 4252 16th Ave N
- 2545 N 39th St
- 2515 N 39th St
- 4250 University Ave
- 4924 Iron Gate Ct
- 525 N 25th St
- 2406 9th Ave N
- 2302 9th Ave N
- 5201 Gateway Dr
- 2101 10th Ave N
- 815 Duke Dr Unit 412
- 2010 11th Ave N
- 2107 7th Ave N
- 5304 6th Ave N
- 5370 Myron Ave
- 5380 Myron Ave
- 716 Promenade Ct
- 5450 Gateway Dr
- 3140 Gateway Dr
- 4051 Gateway Dr Unit C
- 615-815 N 39th St
- 4252 16th Ave N
- 415 N 42nd St
- 4324 University Ave Unit D
- 2600 Way
- 5118 Gateway Dr
- 2900 Demers Ave
- 5201 Gateway Dr
- 3841 Garden View Dr
- 801 S 42nd St
- 1375 S Columbia Rd Unit B
- 1415 8th Ave S
- 2820 19th Ave S
- 910 S Washington St
- 214 N 4th St
- 2225 S 34th St
- 2001 Empire Ct
- 615 1st Ave N