$146,000

405 2nd St NE Valley City, ND 58072

Estimated payment $864/month

Total Views 11,060
4 Beds
3 Baths
1,504 Sq Ft
$97 Price per Sq Ft

About This Home

Investor sale—income-producing triplex with solid rental history. This property includes three units: Unit 1 is a spacious 1-bedroom, 1-bath; Unit 2 is an efficiency; and Unit 3 is a full upstairs unit with 2 bedrooms and 1 bath. Currently managed by a professional property management company that can remain in place for a smooth transition if desired by the new owner. Ask about the option to purchase multiple properties as part of a larger investment package. This is a great opportunity for investors looking to grow their portfolio with stable, income-generating assets. Contact us for more details or to schedule a private showing. Owner/Agent

Listing Agent

David Singleton

Trilogy Real Estate Listed on: 04/15/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,033

Year Built

  • Built in 1894

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 130x50

Home Design

  • Triplex
  • Block Foundation
  • Stone Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,504 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Stone Basement
  • Block Basement Construction

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 633471239
  • $176 per year additional tax assessments

Community Details

Overview

  • 3 Units
  • Original Valley City Subdivision

Building Details

  • Electric Expense $1,752
  • Fuel Expense $1,452
  • Insurance Expense $362
  • Maintenance Expense $95
  • Trash Expense $144
  • Water Sewer Expense $929
  • Operating Expense $7,439
  • Gross Income $18,065
  • Net Operating Income $10,625

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,033

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Lot Size Acres: 0.14
  • Lot Size: 130X50
  • Subdivision Name: Original Valley City
  • Architectural Style: (MF) Triplex
  • Unit Levels: Two
  • Year Built: 1894
  • General Property Information:Acres: 0.14
  • Location Tax and Other Information Tax Year2: 2024
  • Location Tax and Other Information Tax Amount: 835.47
  • Location Tax and Other Information In Foreclosure: No
  • Location Tax and Other Information Lender Owned: No
  • General Property Information Year Built2: 1894
  • General Property Information Lot Dimensions: 130X50
  • General Property Information Total Finished Sqft2: 1504.00
  • General Property Information Style2: (MF) Triplex
  • Building Information Finished SqFt Above Ground: 1504
  • Exterior:Vinyl2: Yes
  • Lease Details Land Leased: Not Applicable
  • Ownership Fractional Ownership3: No
  • Stories Two: Yes
  • Basement Concrete Block: Yes
  • Unit Details Total Units: 3
  • Exterior:Block: Yes
  • Basement Stone: Yes
  • General Property Information Above Ground SqFt: 1504.0
  • Unit 1 Annual Rent: 6000.0
  • Income and Expenses Annual Electric Expense: 1752.0
  • Income and Expenses Annual Fuel Expense: 1452.0
  • Income and Expenses Annual Gross Expenses: 7439.0
  • Income and Expenses Annual Insurance Expense: 361.79
  • Income and Expenses Annual Maintenance Expense: 95.0
  • Income and Expenses Annual Trash Expense: 144.0
  • Income and Expenses Annual WaterSewer Expense: 929.37
  • Income and Expenses Total Annual Expenses: 7439.0
  • Income and Expenses Misc Annual Income: 3685.0
  • Foundation Concrete Block2: Yes
  • Foundation Stone8: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Owner Pays: All Utilities, Grounds Care, HVAC Maintenance, Lawn, Maintenance/Repair, Snow Removal, Taxes
  • Accessibility Features: None
  • Has Basement: Concrete Block, Owner Access, Stone, Unfinished
  • Total Bedrooms: 4
  • Basement:Unfinished: Yes

Utilities

  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: City Sewer - In Street
  • Water Source: City Water - In Street
  • Heating Fuel:Natural Gas: Yes
  • Heating:Forced Air: Yes

Fee Information

  • Trash Expense: 144.0

Lot Info

  • Lot Size Sq Ft: 6098.4
  • Parcel #: 633471239

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 1752.0
  • Annual Gross Income: 18065.0
  • Insurance Expense: 361.79
  • Maintenance Expense: 95.0
  • Property Net Operating Income: 10625.23

Tax Info

  • Tax Annual Amount: 1033.19
  • Tax Other Annual Assessment Amount: 175.5

Map

Range of Values:

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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 $1,033 $27,900 $6,200 $21,700
2023 $997 $26,200 $6,200 $20,000
2022 $990 $25,300 $6,200 $19,100
2021 $1,018 $23,050 $5,500 $17,550
2020 $1,027 $23,050 $5,500 $17,550
2019 $101,594 $22,600 $0 $0
2018 $969 $20,750 $0 $0
2017 $925 $19,100 $0 $0
2016 $825 $17,750 $0 $0
2015 $802 $16,200 $0 $0
2014 $70,977 $13,700 $2,950 $10,750
2013 $70,977 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Off Market -- -- --
05/28/2025 05/28/25 For Sale $146,000 0.0% $97 / Sq Ft
04/15/2025 04/15/25 For Sale $146,000 -- $97 / Sq Ft
Source: Fargo-Moorhead Area Association of REALTORS®

Mortgage History

Date Status Loan Amount Loan Type
Closed $291,200 Unknown
Source: Public Records

Source: Fargo-Moorhead Area Association of REALTORS®

MLS Number: 6703752

APN: 633471239

North Dakota Barnes County Valley City 58072

405 2nd St NE, Valley City, ND

This home is located at 405 2nd St NE, Valley City, ND 58072 and is currently priced at $146,000, approximately $97 per square foot. This property was built in 1894. 405 2nd St NE is a home with nearby schools including Jefferson Elementary School, Washington Elementary School, and Valley City Junior High School.

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Nearby Homes
Listing Agent
David Singleton
Section Image
Trilogy Real Estate
(701) 699-4611