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For Sale:  Fargo MLS# 7042919

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Active
$515,000
/mo Edit
Multi-family:  Apartments
8 br • 4 ba • Built 1958
6,258 sqft • 0.235 acres
MLS# 7042919
763-576-8286
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    Property Description

    Well-maintained 7-unit multi-family complex offering a strong investment opportunity with a desirable unit mix of four 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units. Recent updates include shingles replaced in 2018 and new exterior siding, enhancing both curb appeal and long-term durability. Interior improvements feature new flooring in Unit 2 and a renovated Unit 3, providing added value for tenants and owners alike. The property also offers convenient coin-operated laundry, eight off-street parking spaces, and sits on a corner lot in a prime location—just one block north of the Northport Shopping Center/Hornbacher’s and with easy access off 25th Ave N. A solid addition to any investment portfolio with room for continued upside. Call the agent today for more info/showings!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $515,000
    Price per sq ft: $82
    Property Type: Multi-family
    City: Fargo
    Garage Spaces: 0
    County: Cass
    Year Built: 1958
    State: ND
    Property Style: Apartments
    Zip Code: 58102
    Subdivision Name: Peter Sway 5th

    Interior

    Bedrooms: 8
    Bathrooms: 4
    Finished Area: 6,258 ft2
    Living Area: 6,258 ft2
    Refrigerators: One Per Unit
    Basement Details: Concrete

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 6,258 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features: Parking Lot
    Roof Details: Architectural Shingle

    Lot & Land

    Acres: 0.235
    Geolocation: 46.910097, -96.790658
    Lot Dimensions: 90 x 114
    Zoning: Residential-Multi-Family
    Lot Description: Corner Lot

    Schools

    School District: 469

    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: $5,381
    Lender-owned: Not Disclosed
    Assessment Pending: Yes
    Taxes w/ Assessments: $6,312

    Income

    Annual Gross Income: $59,230
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $26,028

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    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!

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    Listing provided by RMLS, courtesy of Raboin Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.