$5,000,000
Dickinson, ND 58601
MLS# 7057903
1 / 31
Property Description
Villard Commons presents a rare opportunity to acquire a stabilized, professionally managed 47-unit apartment community in the heart of Dickinson, North Dakota—one of Western North Dakota’s most consistent rental markets. Strategically positioned just minutes from Dickinson State University and major retail corridors, this asset benefits from strong, reliable tenant demand driven by students, workforce housing needs, and regional economic activity. The property features a desirable unit mix of one-, two-, and three-bedroom layouts designed to accommodate a broad tenant base. Units are well-equipped with modern conveniences including dishwashers, updated appliance packages, and in-unit laundry or hookups, while the building itself offers secure access, elevator service, and 24/7 maintenance support—creating an attractive, low-friction living experience for residents. Current rents are positioned competitively within the Dickinson market, offering immediate cash flow with clear upside through continued operational efficiencies and incremental rent growth. Market data indicates the property rents at or below surrounding averages, supporting a strong value-add thesis without requiring heavy capital expenditure. Contact today for more information!
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $5,000,000
Contingency: None
ListPrice: 5000000
List Date: 2026-05-03
Office/Member Info
Association: FMR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 0
Owner Occupied: No
Waterfront Present: No
Year Built: 2012
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 145x141x155x150
Acres: 0.51
Foundation Size: 45008
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: YOUNGS 5TH L4-6 +E9' OF VACATED ALLEY B27
Listing City: Dickinson
Map Page: 999
Municipality: Dickinson
School District: Dickinson
Zip Plus 4: 6626
Property ID Number: 41035027000400
Tax Year: 2025
Tax Amount: 44420
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Villard Commons presents a rare opportunity to acquire a stabilized, professionally managed 47-unit apartment community in the heart of Dickinson, North Dakota—one of Western North Dakota’s most consistent rental markets.
Strategically positioned just minutes from Dickinson State University and major retail corridors, this asset benefits from strong, reliable tenant demand driven by students, workforce housing needs, and regional economic activity.
The property features a desirable unit mix of one-, two-, and three-bedroom layouts designed to accommodate a broad tenant base. Units are well-equipped with modern conveniences including dishwashers, updated appliance packages, and in-unit laundry or hookups, while the building itself offers secure access, elevator service, and 24/7 maintenance support—creating an attractive, low-friction living experience for residents.
Current rents are positioned competitively within the Dickinson market, offering immediate cash flow with clear upside through continued operational efficiencies and incremental rent growth. Market data indicates the property rents at or below surrounding averages, supporting a strong value-add thesis without requiring heavy capital expenditure. Contact today for more information!
Directions: Google Maps
Accessible
None: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 44420
Building Information
Building Finished SqFt: 45008
Building SqFt: 45008
Construction Status
Previously Owned: 1
Exterior
Other: 1
Foundation
Concrete Block: 1
Fuel
Electric: 1
Heating
Baseboard: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
None: 1
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Rental License Type
Other: 1
Roof
Asphalt Shingles: 1
Sale Options
Sale Includes: Building
Sewer
City Sewer/Connected: 1
Stories
Three Or More: 1
Unit 1
No. of 1 Bedroom Units: 9
Unit Details
Total Units: 47
Water
City Water/Connected: 1
Unit 2
No. of 2 Bedroom Units: 10
Unit 3
No. of 3 Bedroom Units: 20
On Site Utilities
Electric Common: 1
Heating Common: 1
CMU Style
Apartments/Multi Family: 1
Current Use
Commercial: 1
Loan Terms
Cash: 1
Conventional: 1
Other: 1
Unit Information
No. of Efficiency Units: 4
Location Tax and Other Information
House Number: 1022
Street Direction Prefix: W
Street Name: Villard
Street Suffix: Street
Postal City: Dickinson
County: Stark
State: ND
Zip Code: 58601
Complex/Dev/Subdivision: Youngs 5th
Property Features
Accessible: None
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Commercial
Exterior: Other
Foundation: Concrete Block
Fuel: Electric
Heating: Baseboard
Loan Terms: Cash; Conventional; Other
Lock Box Type: None
On Site Utilities: Electric Common; Heating Common
Rental License Type: Other
Roof: Asphalt Shingles
Sewer: City Sewer/Connected
Stories: Three Or More
Water: City Water/Connected
Listing Office: RE/MAX Legacy Realty
Last Updated: May - 03 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.