Grand Forks Multifamily Buyer
Sell Your Commercial Property In Grand Forks, ND
From Downtown Grand Forks to East Grand Forks, MN, we buy Grand Forks multifamily and commercial apartment properties of 5+ units in every condition. Owners and agents get a straight answer on fit, usually within two business days.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: Downtown Grand Forks · University Park · East Grand Forks, MN · South End — Grand Forks County, ND
Why Grand Forks
Why We Buy Multifamily In Grand Forks
Renters occupy 53.6% of Grand Forks homes, per Census ACS 2020-2024 estimates. Buildings of five or more units hold 44.0% of the housing stock. Median gross rent is $980 a month, and rental vacancy is 6.9%. HUD's FY2027 two-bedroom fair market rent is $1,014.
An owner who wants to sell commercial property in Grand Forks, ND is selling into a market anchored by the University of North Dakota, Altru Health System and Grand Forks Air Force Base. Those three employers counted 11,859 workers in 2024. HUD prices rents for Grand Forks inside the Grand Forks, ND-MN MSA, which reaches into Minnesota.
This profile covers who rents, rents against HUD benchmarks and the age of the apartment stock. It then works through Grand Forks County tax math on a $2,000,000 building and the state rules on deposits, notices and rent control. Each figure is dated and linked to the official page it came from.
University of North Dakota
UND enrolled a record 15,844 students in fall 2025, up 825 from 2024. The university was Grand Forks' largest employer in 2024, with 5,562 workers.Grand Forks Air Force Base
Grand Forks Air Force Base counted 3,581 personnel, including 618 civilians, in its FY2023 economic impact statement. Its total payroll was $142,251,734 that year.Altru Health System
Altru Health System reported 3,122 employees and 177 beds at Altru Hospital in its 2025 quick facts. It ranked second among Grand Forks employers in 2024.Our Buy Box
What We Buy In Grand Forks
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Grand Forks Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Grand Forks
Renters occupy 53.6% of Grand Forks' 26,171 occupied homes, or 14,016 households, per Census ACS 2020-2024 tenure estimates. Grand Forks County's renter share is 48.2%, and North Dakota's is 37.1%. Grand Forks holds 92.9% of the county's renter households.
Grand Forks had 59,042 residents in ACS 2020-2024, and its median household income was $63,627, per Census table B19013. That trails Grand Forks County at $68,075 and North Dakota at $76,657. Grand Forks holds 81.0% of Grand Forks County's population.
The University of North Dakota was Grand Forks' largest 2024 employer, with 5,562 workers. That ranking comes from the City of Grand Forks 2024 annual comprehensive financial report. Altru Health System ranked second with 3,400, and Grand Forks Air Force Base third with 2,897 military personnel.
Rents and affordability in Grand Forks
Grand Forks' median gross rent was $980 a month in ACS 2020-2024, per Census table B25064. Grand Forks County's median was $992, and North Dakota's was $954. A year of median rent equals 18.5% of Grand Forks' median household income.
Some 44.2% of Grand Forks renters, or 6,190 households, paid 30% or more of income for rent, per Census table B25070. Another measure shows 22.8% paid half or more. Statewide, 36.3% of renters crossed the 30% line.
Under HUD's FY2027 fair market rents, effective October 1, 2026, a two-bedroom in the Grand Forks, ND-MN MSA is $1,014. That sits $34, or 3.5%, above Grand Forks' all-unit median. The schedule below comes from the HUD fair market rent documentation.
| Unit size | HUD FY2027 FMR, Grand Forks ND-MN MSA |
|---|---|
| Studio | $816 |
| 1 bedroom | $821 |
| 2 bedroom | $1,014 |
| 3 bedroom | $1,404 |
| 4 bedroom | $1,695 |
Grand Forks' apartment stock
Buildings with five or more units hold 12,363 of Grand Forks' 28,129 housing units, or 44.0%, per Census table B25024. Grand Forks County's share is 37.1%, against 25.1% statewide. Grand Forks contains 98.3% of the county's units in such buildings.
By size, Grand Forks has 1,427 units in 5-9 unit buildings and 2,949 in 10-19 unit buildings. Another 4,398 sit in 20-49 unit buildings, and 3,589 in buildings of 50 or more.
Grand Forks' median year built is 1984, per Census table B25034, and 44.9% of units predate 1980. Rental vacancy was 6.9% in ACS 2020-2024, per Census profile table DP04, below North Dakota's 8.3%. Owners who sell multifamily property in Grand Forks should document the capital work on older buildings.
Property taxes in Grand Forks County
A $2,000,000 apartment building in Grand Forks carried an estimated $34,654 tax at the 2024 levy of 346.54 mills. N.D.C.C. 57-02-01 excludes structures with four or more family units from residential property, so they fall in the commercial class. Assessed value is 50% of true and full value, and section 57-02-27 sets commercial taxable value at 10% of assessed value.
The 346.54 mills come from the Grand Forks Assessing Department 2025 annual report. That total is 130.50 school mills, 92.25 city mills, 85.00 county mills and 36.79 park mills. The State Medical Center and Garrison Diversion add 1 mill each.
- True and full value: $2,000,000
- Assessed value at 50%: $1,000,000
- Commercial taxable value at 10%: $100,000
- Tax at 346.54 mills: $100,000 x 0.34654 = $34,654
- With the 5% early-payment discount: $32,921.30
That $34,654 equals 1.73% of value. N.D.C.C. 57-20-09 grants the 5% discount when the full year's real estate tax is paid by February 15. Grand Forks County's 2025 average levy across all districts was 315.30 mills, per the state 2025 property tax statistical report.
Grand Forks' commercial true and full value rose 1.81% for 2026, to $2,648,505,000, per the Assessing Department 2025 year in review. Commercial assessments ran at a 94.20% median sales ratio after revaluation. Owners protest values to the City Board of Equalization in April, then the county board in June. Before you sell commercial property in Grand Forks, ND, compare your parcel's 2026 notice with that 1.81% change.
Landlord rules in Grand Forks
North Dakota caps most security deposits at one month's rent under N.D.C.C. 47-16-07.1. Owners have 30 days after the lease ends and the tenant leaves to deliver an itemized accounting. Withholding a deposit without reasonable justification exposes the owner to treble damages.
Anyone who wants to sell commercial real estate in Grand Forks, ND must transfer each deposit and its accrued interest to the buyer. The seller stays liable until that transfer happens, under the same section.
Rent unpaid three days after it is due supports an eviction under N.D.C.C. 47-32-01, and section 47-32-02 requires three days' written notice first. Month-to-month tenancies end on one calendar month's written notice under section 47-16-15. Section 47-16-02.1 bars any political subdivision from controlling rent.
Grand Forks inspects every rental unit about every 5 years, or on complaint, under its rental inspections program. Rentals need a Certificate of Occupancy, and no more than four unrelated people may occupy a unit.
What it means for a Grand Forks owner
A Grand Forks apartment building sells into 6.9% rental vacancy, a 1.73% tax-to-value ratio and no transfer tax. Article X, Section 27 of the North Dakota Constitution bars state and local taxes on the transfer of real property. The recorder will not record a deed until the auditor certifies taxes are paid, under N.D.C.C. 11-18-02.
UND enrolled a record 15,844 students in fall 2025, per UND Today. If you plan to sell commercial property in Grand Forks, ND, gather the rent roll, deposit ledger and Certificate of Occupancy records first.
Then test your price in our cap rate calculator with a tax line scaled from the $34,654 example. Skyline Capital Investments buys buildings of five or more units in Downtown Grand Forks, University Park, the South End and East Grand Forks, MN. To sell your apartment building in Grand Forks, request an offer for your building.
Good To Know
Selling In Grand Forks
More about selling in North Dakota →Investing in Grand Forks? See apartment syndications in Grand Forks →
- North Dakota taxes structures with four or more family units as commercial property. Grand Forks apartments therefore carry a taxable value of 5% of market value.
- Grand Forks schools levied 130.50 of the 346.54 total mills in 2024, or 37.7% of an apartment owner's consolidated tax bill.
- Before selling commercial property in Grand Forks, collect each unit's Certificate of Occupancy, because the city inspects rentals about every 5 years.
- To sell commercial real estate in Grand Forks, ND, clear current and delinquent taxes first, since the recorder needs the auditor's certificate before recording a deed.
Seller Guides
Grand Forks Seller Situations
Learn More
Taxes & Rules For Grand Forks Property
The North Dakota rules that shape any deal in Grand Forks: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Grand Forks Seller FAQ
How do I sell commercial property in Grand Forks, ND?
Gather a trailing twelve-month rent roll, operating statements, the deposit ledger and Certificate of Occupancy records. Apartment buildings with four or more units are taxed as commercial property, and the 2024 Grand Forks levy was 346.54 mills. Taxes must be paid before the recorder accepts the deed, and North Dakota has no transfer tax. Skyline Capital Investments buys 5+ unit buildings in Grand Forks and East Grand Forks.
What is the property tax on a $2 million apartment building in Grand Forks?
Commercial taxable value is 10% of assessed value, which is 50% of market value. A $2,000,000 building therefore has a $100,000 taxable value. At the 2024 Grand Forks levy of 346.54 mills, the tax is $34,654 before special assessments. Paying the full bill by February 15 earns a 5% discount under N.D.C.C. 57-20-09, bringing it to $32,921.30.
Does Grand Forks have rent control or a rental inspection program?
Grand Forks has no rent control, because N.D.C.C. 47-16-02.1 bars political subdivisions from controlling rent on private property. Grand Forks does run a rental inspections program. It inspects every rental unit about every 5 years or on complaint, requires a Certificate of Occupancy, and limits each unit to four unrelated occupants. State law sets the one-month deposit cap.
What should I check before I sell commercial real estate in Grand Forks, ND?
Check three things. First, deposits: every tenant deposit and its interest must move to the buyer, and the seller stays liable until it does. Second, taxes: the recorder will not record the deed until the county auditor certifies taxes are paid. Third, the assessment, since Grand Forks commercial values rose 1.81% for 2026 and protests go to the City Board of Equalization in April.
What do apartments rent for in Grand Forks, ND?
Census ACS 2020-2024 estimates put Grand Forks' median gross rent at $980 a month, close to Grand Forks County's $992. HUD's FY2027 fair market rents for the Grand Forks, ND-MN MSA are $821 for a one-bedroom and $1,014 for a two-bedroom. Rental vacancy was 6.9%. Owners who sell multifamily property in Grand Forks should compare in-place rents with those benchmarks by unit size.
Will you buy a Grand Forks property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
Can I sell my Grand Forks apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Is it possible to sell rental property in Grand Forks without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Grand Forks?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
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Have A Property In Grand Forks?
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
