Multi Family Investment Properties for Sale in Devils Lake, ND
545- 8 Bed
- 4 Bath
- 3000 sft
471- 3 Bed
- 2 Bath
- 634 sft
153- 3 Bed
- 1 Bath
- 766 sft
154- 2 Bed
- 1 Bath
- 750 sft
-- 8 Bed
- 4 Bath
- 18000 sft
183- 5 Bed
- 2 Bath
- 1870 sft
433- 4 Bed
- 2 Bath
- 2664 sft
186- 3 Bed
- 2 Bath
- 1723 sft
159- 3 Bed
- 2 Bath
- 2262 sft
192- 3 Bed
- 1 Bath
- 1592 sft
41- 2 Bed
- 1 Bath
- 740 sft
87- 1 Bed
- 1 Bath
- 1360 sft
161- 2 Bed
- 2 Bath
- 944 sft
-- - Bed
- - Bath
- - sft
150- 2 Bed
- 2 Bath
- 1844 sft
56- 3 Bed
- 2 Bath
- 1408 sft
168- 4 Bed
- 3 Bath
- 1960 sft
172- 2 Bed
- 2 Bath
- 1996 sft
170- 3 Bed
- 1 Bath
- 1874 sft
51- 6 Bed
- 3 Bath
- 3918 sft
-- 2 Bed
- 1 Bath
- 1144 sft
166- 3 Bed
- 2 Bath
- 1216 sft
219- 3 Bed
- 2 Bath
- 1216 sft
551- - Bed
- - Bath
- - sft
725- 4 Bed
- 2 Bath
- 2100 sft
178- 2 Bed
- 1 Bath
- 816 sft
Why Invest in Devils Lake, North Dakota?
Multi-family properties in Devils Lake, ND offer stable investment opportunities in a small city with consistent rental demand. With a population of around 7,100 and significant renter-occupied housing, these assets provide reliable cash flow. Average rents near $989 monthly support yields above national averages for similar markets. Low vacancy concerns and a mix of apartment complexes make it ideal for hands-off investing. Appreciation has been modest at 4%, but cap rates remain attractive for value-add plays. Economic stability from local industries bolsters long-term holding potential.
Frequently Asked Questions
High renter occupancy at 48% and prevalent apartment complexes provide steady demand. Average rents of $989 support solid cash flows. Government and college jobs ensure tenant stability.
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