418 2nd Ave SW, Hillsboro, ND 58045

$170,000
Property Type: Multi-Family Bedrooms: 4 Baths: 4 Square Footage: 2,240 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $170,000 List Date: 4/16/2026 Last Modified: 5/05/2026

Overview

Description

The ultimate starter investment. This 4-plex offers four 1-bed, 1-bath units in the heart of town. Live in one and let the other three units pay your mortgage, or rent all four for a clean, effortless income stream. Ready for a new owner to take over!

Listing Details MLS# 7045512

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront Present
No
Year Built
1973
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1120
Above Ground SqFt
1120
Below Grd Total SqFt
1120
Total SqFt
2240
Foundation Size
1120
Style
(MF) Four Plex
Total Finished Sqft
2240.00
Lot Dimensions
49x150
Acres
0.17
Assessment Pending
No
Garage Stalls
0

Property Features

Accessible: None Basement: Concrete Block Construction Status: Previously Owned Exterior: Brick/Stone; Stucco Foundation: Concrete Block Fuel: Electric Heating: Baseboard Lock Box Type: Combo Sewer: City Sewer/Connected Stories: Two Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Window Unit 1 Dining Room Description: Kitchen/Dining Room Unit 1 Family Room Characteristics: Family Room Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
180000
ListPrice
170000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
418
Street Name
2nd Ave SW
Postal City
Hillsboro
County
Traill
State
ND
Zip Code
58045

Assessments

Tax With Assessments
1453
Assessment Balance
0
Assessment Installment
0

Building Information

Finished SqFt Above Ground
1120
Finished SqFt Below Ground
1120

More Information

Income and Expenses

Annual Caretaker Expense
Yes
Annual Electric Expense
Yes
Annual Fuel Expense
Yes
Annual Gross Expenses
Yes
Annual Gross Income
21600
Annual Insurance Expense
Yes
Annual Maintenance Expense
Yes
Annual Net Income
Yes
Annual Repair Expense
Yes
Annual Trash Expense
Yes
Annual Water/Sewer Expense
Yes
Misc Monthly Income
Yes
Misc. Annual Income
Yes
Total Annual Expenses
Yes

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Unit 1

Furnished?
No
Leased?
Yes
Level
Below Ground
Unit Number
Yes
Annual Rent
5400
Finished SqFt
500
Full Baths
Yes
Monthly Expense
Yes
Monthly Rent
450
No. of Units Like This
3
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
2

Unit 2

Furnished?
No
Leased?
No
Unit Number
2
Annual Rent
5400
Finished SqFt
Yes
Full Baths
Yes
Monthly Expense
Yes
Monthly Rent
450
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
3

Unit Details

Total Units
4

Office/Member Info

Association
FMR

Location, Tax and Other Information

Legal Description
LOT 8 BLK 9 WHITES FIRST ADD (ADDRESS: 2ND AVE SW)
Listing City
Hillsboro
Map Page
999
Municipality
Hillsboro
School District
Hillsboro
Property ID Number
26000406469000
Tax Year
2025
Tax Amount
1453
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
The ultimate starter investment. This 4-plex offers four 1-bed, 1-bath units in the heart of town. Live in one and let the other three units pay your mortgage, or rent all four for a clean, effortless income stream. Ready for a new owner to take over!
Directions
From I-29, head east on West Caldonia, turn south onto 5th St Sowthwest, The property will be on your left.

Accessible

None
Yes

Basement

Concrete Block
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes
Stucco
Yes

Foundation

Concrete Block
Yes

Fuel

Electric
Yes

Heating

Baseboard
Yes

Lock Box Type

Combo
Yes

Public Survey Info

Range#
No
Section#
No
Township#
No

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Unit 1 Appliances

Range
Yes
Refrigerator
Yes

Unit 1 Bath Description

Main Floor Full Bath
Yes

Unit 1 Cooling

Window
Yes

Unit 1 Dining Room Description

Kitchen/Dining Room
Yes

Unit 1 Family Room Characteristics

Family Room
Yes
Listing Office: HomeSmart Adventure Realty (WF)
IDX
Last Updated: May - 05 - 2026
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