506 2nd St NW, Mandan, ND, 58554

About This Home

?? FOR SALE BY OWNER – 4-Plex Investment Property 506 2nd St. NW, Mandan, ND Excellent opportunity to own a cash-flowing 4-unit multifamily property in Mandan. This well-maintained property features a highly desirable unit mix with three 2-bedroom units, offering strong rental demand and long-term upside. ?? Income Overview Current Monthly Rental Income: ~$3,100 Unit 1 (2 bed / 1 bath): $800/month Unit 2 (1 bed / 1 bath): $750/month Unit 3 (2 bed / 1 bath): $750/month Unit 4 (2 bed / 1 bath): $800/month Additional Laundry Income ~ $50-$75/month Projected Annual Gross Income: ~$37,800+ ?? Significant upside potential—2-bedroom units in this market typically support higher rents. ?? Property Details Total Units: 4 Unit Breakdown: (3) Units – 2 Bedroom / 1 Bathroom (1) Unit – 1 Bedroom / 1 Bathroom Utilities: Landlord pays water, sewer, garbage, heat, A/C, and common electric Parking: Off-street parking included Laundry: Coin-operated washer/dryer included ?? Recent Updates & Improvements Water Heater: Replaced in 2025 Electrical Panels: Upgraded in recent years Basement Units: Renovated approximately 5 years ago Consistent maintenance and professional management ?? Location Highlights Strong rental demand area in Mandan Quick access to Bismarck and major employers Stable tenant base and low vacancy history ?? Investment Highlights Desirable 2-bedroom-heavy unit mix (harder to find in small multifamily) Stable in-place income with room to grow rents Turn-key asset with management systems already in place Ideal for: Buy-and-hold investors Owner-occupants (house hack opportunity) Portfolio expansion ?? Additional Information Leases and financials available upon request FSBO – no listing agent required Showings by appointment only (tenant occupied)