$975,000
MLS# 7134395
23 beds | 17 baths | 10800 sqft
1 / 21
Property Description
An exceptional, turn-key investment opportunity consisting of a 17 unit apartment building with 5 detached garage stalls. Building offers 11 one bed/one bath units and 6 two bed/one bath units. Coin operated laundry. Lisbon is a thriving community with a hospital, the state Veterans’ Home, multiple manufacturing businesses, Lisbon school, a large sunflower processing plant to the North, 15 miles from Bobcat’s manufacturing plant, and more. Property manager lives onsite. This great investment opportunity is about an hour from Fargo and boasts a 9+ CAP rate along with an almost 100% occupancy over the last many years.
Details
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $975,000
Contingency: None
ListPrice: 975000
List Date: 2026-08-27
Office/Member Info
Association: FMR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 17
Owner Occupied: No
Waterfront YN: No
Year Built: 1968
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: Multiple lots
Acres: 0.53
Foundation Size: 3600
Garage Stalls: 5
For Sale or Lease: For Sale
Assessment Pending: No
Bedrooms: 23
Baths Total: 17
Location, Tax and Other Information
Legal Description: ADAMS & FREES ADDITION; CITY OF LISBON
Listing City: Lisbon
Map Page: 999
Municipality: Lisbon
School District: Lisbon
Zip Plus 4: 1680
Property ID Number: 286369000
Tax Year: 2025
Tax Amount: 9202
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: An exceptional, turn-key investment opportunity consisting of a 17 unit apartment building with 5 detached garage stalls. Building offers 11 one bed/one bath units and 6 two bed/one bath units. Coin operated laundry. Lisbon is a thriving community with a hospital, the state Veterans’ Home, multiple manufacturing businesses, Lisbon school, a large sunflower processing plant to the North, 15 miles from Bobcat’s manufacturing plant, and more. Property manager lives onsite. This great investment opportunity is about an hour from Fargo and boasts a 9+ CAP rate along with an almost 100% occupancy over the last many years.
Directions: Corner of Maple St and 9th Ave W
Accessible
None: 1
Additional Parcels Information
Property ID #2: 286368000
Property ID #3: 286367000
Air Conditioning
Wall Unit(s): 1
Assessments
Assessment Balance: 0
Tax With Assessments: 9202
Building Information
Building Finished SqFt: 10800
Building SqFt: 10800
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Foundation
Poured Concrete: 1
Fuel
Propane: 1
Heating
Baseboard: 1
Boiler: 1
Lease Details
Land Leased: Not Applicable
Lot Description
Corner Lot: 1
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Sale Options
Sale Includes: Building
Sewer
City Sewer - In Street: 1
Unit 1
Lease Expiration Date: 2027-08-27
Leased?: Yes
Level: Below Ground
Unit Number: 1
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
No. of 1 Bedroom Units: 11
Unit Details
Total Units: 17
Water
City Water - In Street: 1
Unit 2
Lease Expiration Date: 2027-08-27
Leased?: Yes
Level: Below Ground
No. of 2 Bedroom Units: 6
Unit Number: 2
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Unit 3
Lease Expiration Date: 2027-08-27
Leased?: Yes
Level: Below Ground
Unit Number: 3
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Unit 4
Lease Expiration Date: 2027-08-27
Leased?: Yes
Level: Below Ground
Unit Number: 4
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Unit 5
Lease Expiration Date: 2027-08-27
Leased?: Yes
Level: Below Ground
Unit Number: 5
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Unit 6
Lease Expiration Date: 2027-08-27
Leased?: Yes
Level: 2nd Level
Unit Number: 6
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Unit 7
Lease Expiration Date: 2027-08-27
Leased?: Yes
Level: 2nd Level
Unit Number: 7
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
On Site Utilities
Heating Separate: 1
CMU Style
Low Rise: 1
Current Use
Residential: 1
Unit 10
Full Baths: 1
Lease Expiration Date: 2027-08-27
Leased?: Yes
Level: 2nd Level
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 10
Unit 11
Full Baths: 1
Lease Expiration Date: 2027-08-27
Leased?: Yes
Level: 2nd Level
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 11
Unit 12
Full Baths: 1
Lease Expiration Date: 2027-08-27
Leased?: Yes
Level: 3rd Level
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 12
Unit 13
Full Baths: 1
Lease Expiration Date: 2027-08-27
Leased?: Yes
Level: 3rd Level
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 13
Unit 14
Full Baths: 1
Lease Expiration Date: 2027-08-27
Leased?: Yes
Level: 3rd Level
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 14
Unit 15
Full Baths: 1
Lease Expiration Date: 2027-08-27
Leased?: Yes
Level: 3rd Level
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 15
Unit 8
Full Baths: 1
Lease Expiration Date: 2027-08-27
Leased?: Yes
Level: 2nd Level
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 8
Unit 9
Full Baths: 1
Lease Expiration Date: 2027-08-27
Leased?: Yes
Level: 2nd Level
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 9
Location Tax and Other Information
Postal City: Lisbon
County: Ransom
State: ND
Zip Code: 58054
Complex/Dev/Subdivision: Adams & Frees Add
Property Features
Accessible: None
Air Conditioning: Wall Unit(s)
CMU Style: Low Rise
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone
Foundation: Poured Concrete
Fuel: Propane
Heating: Baseboard; Boiler
Lot Description: Corner Lot
On Site Utilities: Heating Separate
Parking Characteristics: Parking Lot
Sewer: City Sewer - In Street
Unit 15: Total Bathrooms
Water: City Water - In Street
Listing Office: Next Level Real Estate
Last Updated: September - 05 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
