$749,000
UNDER CONTRACT

229 S Grove St Hebron, ND 58638

Estimated payment $4,601/month

Total Views 6
27 Beds
27 Baths
18,976 Sq Ft
$39 Price per Sq Ft

About This Home

Here's a strong investment opportunity offering steady income, flexibility, and small-town charm. This combo includes two apartment buildings with 27 one-bed, one-bath units and a mobile home lot with seven spaces, each with its own parking pad. With 27 operating units—some fully furnished and three short-term rentals—you can tap into both long- and short-term income streams. The property has a solid rental history and has seen many updates, so it's turnkey but still offers room to add value. Tenants enjoy on-site laundry and convenient parking. Ideal for retirees, professionals, or traveling workers, these peaceful properties offer year-round appeal. With strong returns and growth potential, this is a rare find worth your attention.

Listing Agent

Bridget Bullinger

Fay Land Sales License #10623 Listed on: 11/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,889

Year Built

  • Built in 1971

Home Design

  • 18,976 Sq Ft Home

Bedrooms and Bathrooms

  • 27 Bedrooms
  • 27 Bathrooms

Additional Features

  • 1.94 Acre Lot
  • Heating Available

Community Details

  • 27 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,889

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Exterior Features Exterior: Brick
  • Lot Size: Total for both
  • Miscellaneous L B P Target Housing: Yes
  • Prop. Type: Residential Income
  • Year Built: 1971
  • Appliances 1: 27+Ranges/27+Fridges
  • Appliances 2: 2 Washers/2 Dryers
  • Electricity Paid By: Owner
  • Utilities Heat 1: Gas Hot Water
  • Utilities Heat 2: Gas Hot Water
  • Utilities Heat Pd By: Owner
  • Water/Sewer/Gas Paid By: Owner
  • Property Sub Type: Multi-Family
  • Lot Size Acres: 1.94
  • Garage Yn: No
  • Special Features: 4224

Interior Features

  • Three Quarter Bathrooms: 27
  • Total Bedrooms: 27

Garage/Parking

  • Attached Garage: No
  • General Property Description:Garage Type4: None

Utilities

  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 84376.0
  • Zoning: Commercial

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7888.85

Multi Family

  • Number Of Units Total: 27

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $6,434 $175,650 $10,350 $165,300
2023 $5,763 $175,650 $10,350 $165,300
2022 $6,925 $182,150 $5,450 $176,700
2021 $6,648 $180,450 $3,750 $176,700
2020 $7,027 $180,450 $3,750 $176,700
2019 $6,890 $175,300 $0 $0
2018 $6,401 $168,150 $3,750 $164,400
2017 $5,793 $160,600 $3,750 $156,850
2016 $4,206 $151,700 $3,750 $147,950
2015 $4,282 $151,700 $3,750 $147,950
2014 $3,288 $111,350 $7,650 $103,700
2013 $2,682 $102,150 $7,000 $95,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/04/2025 11/04/25 For Sale $749,000 0.0% $39 / Sq Ft
11/03/2025 11/03/25 Off Market -- -- --
07/29/2025 07/29/25 Price Changed $749,000 -6.3% $39 / Sq Ft
04/29/2025 04/29/25 Price Changed $799,000 +2.6% $42 / Sq Ft
04/29/2025 04/29/25 For Sale $779,000 +136.1% $41 / Sq Ft
01/21/2022 01/21/22 Sold -- -- -- View Prior Sale
11/30/2021 11/30/21 Pending -- -- --
10/27/2021 10/27/21 For Sale $330,000 -- $36 / Sq Ft
Source: Badlands Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- North Dakota Guaranty Title
Source: Public Records

Source: Badlands Board of REALTORS®

MLS Number: 25-435

Badlands Board of REALTORS®

APN: 64-0312000