Sold: Fargo MLS# 7019752
Sold
$244,900 (list price)
$250,000
Multi-family: Fourplex
6 br • 4 ba • Built 1905
2,033 sqft • 0.056 acres
MLS# 7019752
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Located at 601 5th St N, this high-occupancy 4-unit property sits just steps from the heart of downtown Fargo, offering exceptional access to restaurants, shopping, parks, and Sanford Downtown Medical Center. The building has a strong rental history with well-maintained units, making it a dependable income-producing asset with immediate upside potential.
Recent updates include a new water heater and basement wall bracing (2017), new roof and renovated bathroom (2020), new windows (2022), and upgrading electrical service to 100 amp (2025).
The main level bathroom was completely renovated, and the original cast iron stack and galvanized piping to upper unit fixtures were replaced with PVC. Two parking spaces are located on the east side of the building, with additional on-street parking available in front. There is potential to vacate both the alley and the remaining segment of 5th St N to create dedicated off-street parking.
Opportunity for owner-occupancy with one upcoming available unit. The property maintains consistently strong occupancy, and vacancies are infrequent and fill quickly.
Owner/Agent.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$244,900
Sold Price:
$250,000
Sold Date:
04/01/2026
Price per sq ft:
$120
Property Type:
Multi-family
City:
Fargo
Garage Spaces:
0
County:
Cass
Year Built:
1905
State:
ND
Property Style:
Fourplex
Zip Code:
58102
Subdivision Name:
Keeney & Devitts 2nd
Interior
Bedrooms:
6
Bathrooms:
4
Finished Area:
2,033 ft2
Living Area:
2,033 ft2
Refrigerators:
Four
Basement Details:
Concrete
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
971 ft2
Foundation Dimensions:
37.7x65
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Concrete
- On-Street Parking Only
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
None
Exterior Material:
Frame
Pool:
None
Roof Details:
Asphalt
Rooms
Laundry:
Common Area
Lot & Land
Acres:
0.056
Geolocation:
46.8823251669, -96.7853600849
Lot Dimensions:
65 x 50
Zoning:
Other
Lot Description:
Zero Lot Line
Schools
School District:
469
High School:
Fargo North
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,857
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,111
Income
Annual Gross Income:
$32,255
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Dakota Plains Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.