130 1st Avenue SE, Dickinson, ND 58601

Overview

Description

Positioned in the heart of Dickinson, Queen City Manor presents a rare opportunity to acquire a stabilized, income-producing multifamily asset in one of western North Dakota’s strongest rental markets. Located at 130 1st Ave SE, this well-maintained property consists of two buildings—an 8-unit main building and a 16-unit two-story townhome building—offering a total of 24 units across approximately 34,731 square feet. Situated on a generous 42,600 SF lot, the property also features 6 garages and ample off-street parking for tenants and guests alike. With durable construction, efficient layouts, and recent renovations completed in 2025, Queen City Manor has been professionally maintained and positioned for long-term operational success. Currently operating at 100% occupancy with an estimated NOI of approximately $180,000, the asset offers immediate cash flow and strong in-place performance in a market defined by low vacancy and limited new multifamily inventory. Dickinson continu ... (Read more)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1925
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 34731
Garage Stalls: 6
For Sale or Lease: For Sale
Acres: 0.98
Lot Dimensions: 300x142x300x142
Assessment Pending: Yes
Other Parking Spaces: 0

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Assumable Loan: Not Assumable Basement: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Commercial Exterior: Brick/Stone Fencing: None Flooring: Tile; Vinyl/Linoleum; Wood Foundation: Poured Concrete Fuel: Electric Heating: Baseboard Loan Terms: Cash; Conventional; Other Lock Box Type: None On Site Utilities: Electric Separate Parking Characteristics: More Parking Offsite for Fee Road Responsibility: Public Maintained Road Roof: Architectural Shingle Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Exclusions: Tenant personal property
Contingency: None
ListPrice: 2350000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 130
Street Name: 1st
Street Suffix: Avenue
Street Direction Suffix: SE
Postal City: Dickinson
County: Stark
State: ND
Zip Code: 58601
Complex/Dev/Subdivision: Mcdonoughs Add

Assessments

Assessment Balance: 1414.38
Assessment Installment: 1414.38
Tax With Assessments: 18037

Building Information

Building Finished SqFt: 34731
Building SqFt: 34731

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building, Land

Unit Details

Total Units: 24

Office/Member Info

Association: FMR

Location, Tax and Other Information

Legal Description: MCDONOUGH'S ADD L 7-12 B B
Listing City: Dickinson
Map Page: 999
Municipality: Dickinson
School District: Dickinson
Zip Plus 4: 6626
Property ID Number: 41120002000700
Tax Year: 2025
Tax Amount: 16623.52
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: Yes

Directions & Remarks

Public Remarks: Positioned in the heart of Dickinson, Queen City Manor presents a rare opportunity to acquire a stabilized, income-producing multifamily asset in one of western North Dakota’s strongest rental markets. Located at 130 1st Ave SE, this well-maintained property consists of two buildings—an 8-unit main building and a 16-unit two-story townhome building—offering a total of 24 units across approximately 34,731 square feet. Situated on a generous 42,600 SF lot, the property also features 6 garages and ample off-street parking for tenants and guests alike. With durable construction, efficient layouts, and recent renovations completed in 2025, Queen City Manor has been professionally maintained and positioned for long-term operational success. Currently operating at 100% occupancy with an estimated NOI of approximately $180,000, the asset offers immediate cash flow and strong in-place performance in a market defined by low vacancy and limited new multifamily inventory. Dickinson continues to stand out as a regional hub supported by a diverse economic base including energy, healthcare, agriculture, and transportation. Its strategic location along Interstate 94 and continued demand for workforce housing create compelling long-term upside through rental growth, appreciation, and operational stability. Whether you are expanding an existing portfolio or entering a resilient secondary market, Queen City Manor offers scale, strong occupancy, and dependable performance in a high-demand rental environment.
Directions: Google Maps

Accessible

None: Yes

Air Conditioning

Wall Unit(s): Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Assumable Loan

Not Assumable: Yes

Basement

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Fencing

None: Yes

Flooring

Tile: Yes
Vinyl/Linoleum: Yes
Wood: Yes

Foundation

Poured Concrete: Yes

Fuel

Electric: Yes

Heating

Baseboard: Yes

Lock Box Type

None: Yes

Parking Characteristics

More Parking Offsite for Fee: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Architectural Shingle: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Commercial: Yes

Loan Terms

Cash: Yes
Conventional: Yes
Other: Yes