201 W 7th St, Larimore, ND 58251

Multifamily home for sale in Larimore, ND. Each unit is a 2 bed 1 bath with main floor laundry, attached garage, and a large unfinished basement. Each unit boasts 1,859 sq.ft including 939 sq. ft on the main floor and 920 sq.ft in the basement. The floor plan is identical for both units, only flipped. Note** pictures listed were taken while vacant. Both units are currently occupied as of this listing date. One unit is leased through May 2027 while the other unit comes available in September of 2026. Great opportunity for an investor to set their own rent for the available unit or to owner occupy and house hack. Tenants are responsible for all utilities as each unit is metered separately for all utilities. Units have experienced strong demand since inception as a rental property (fall 2024), yielding a 97% occupancy rate. This property was nearly a complete remodel in 2024 with new LVP flooring throughout, new kitchen, new stainless-steel appliances, bathroom, baseboard trim, lighting, washer/dryer, etc. New siding and shingles were done in 2020. New natural gas furnaces were installed in both units in November 2024 as well as new central AC units installed in 2025. There is also a well on the west side of the property (soon to be vacant side). Significant capital has been invested over the last few years, therefore new owners would have minimal maintenance costs and zero CapEx necessary. The property is in a nice neighborhood and within walking distance of schools, parks, and the community swimming pool. A short 15-minute commute to GFAFB and only a 30-minute commute to Grand Forks. To respect tenant privacy, physical showings are strictly limited to well-qualified buyers.