Investment Properties for Sale in Devils Lake, ND

Property at 2301 14th Ave SW, Devils Lake, ND
Listed for sale 1 day ago
$ 429,000
ROI
20.4ROI percentage
Cash Flow/m
Dollar sign75
  • 3 Bed
  • 3 Bath
  • 2656 sft
2301 14th Ave SW, Devils Lake, ND, 58301
Property at 1026 2nd St NE, Devils Lake, ND
Listed for sale 5 days ago
$ 130,000
ROI
26.0ROI percentage
Cash Flow/m
Dollar sign224
  • 4 Bed
  • 2 Bath
  • 1436 sft
1026 2nd St NE, Devils Lake, ND, 58301
Property at 1001 3rd St NE, Devils Lake, ND
Listed for sale 6 days ago
$ 459,000
ROI
29.9ROI percentage
Cash Flow/m
Dollar sign1298
  • 5 Bed
  • 3 Bath
  • 3742 sft
1001 3rd St NE, Devils Lake, ND, 58301
Property at 827 9th St NE, Devils Lake, ND
$ 210,000
ROI
32.5ROI percentage
Cash Flow/m
Dollar sign743
  • 3 Bed
  • 2 Bath
  • 1216 sft
827 9th St NE, Devils Lake, ND, 58301

Why Invest in Devils Lake, North Dakota?

Devils Lake, ND offers stable real estate investment opportunities with a median home value around $225,000, well below national averages. Rental yields average 6-7% driven by a mix of single-family homes and apartments. Cap rates hover at 7-8% with moderate cash flows from $989 monthly rents. Appreciation has been steady at 4% annually, supported by local demand despite higher vacancy rates. Investor-friendly market with renter-occupied units at 45%, ideal for long-term holds.

7.5%
Avg. ROI
6.8%
Rental Yield
7.2%
Cap Rate
$450/mo
Avg. Cash Flow
$989/mo
Avg. Rent
4.1%
1Y Appreciation

Frequently Asked Questions

Median home values are around $225,000 to $235,000, below national averages. This affordability attracts investors seeking value in single-family and multi-unit properties. Prices have appreciated 4% over the past year.

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