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Dakota Palm team brokered by Raboin Realty
1605 5th Avenue S, Fargo, ND 58103
- $324,000
- 9
- BD
- 4
- BA
- 3,568
- SqFt
- Sold Price
- $324,000
- List Price
- $315,000
- Closing Date
- Jul 27, 2026
- MLS#
- 7073007
- Status
- CLOSED
- Type
- Multifamily
- Bedrooms
- 9
- Bathrooms
- 4
- Living Area
- 3,568
- Acres
- 0.16
- Subdivision
- Case Peake & Halls
- Year Built
- 1984
Property Description
This 4plex was built in 1984 BY THE OWNER. He's owned it for over 40 years. Gross monthly rent is currently $2,325. All units are month-to-month. Owner has kept rents low since the building has had long term tenants stay. Each unit has a garage stall. Current rents compared to market rents: Unit 1 (2 bed)-$600-->$750 Unit 2 (2 bed)-$450-->$750 Unit 3 (2 bed)-$625-->$750 Unit 4 (3 bed)-$650-->$900 Gross rents if rents are improved: $3,150 Opportunity to go higher if units had updated cosmetics. Laundry income also averages about $75/ month on top of that. Owner pays electric for common space hallway and water/sewer/garbage for the building. Tenants pay electric for their unit. Notice for pending special assessment for Main Ave road project of an estimated $919.41. (attached in documents)
Additional Information
- School District
- Fargo
- Amenities Shared
- Coin-op Laundry Leased
- Tax Year
- 2025
- Fuel
- Electric
- Sewer
- City Sewer/Connected
- Roof
- Asphalt
- Heating
- Baseboard
- Water
- City Water/Connected
- Basement
- Finished
- Parking
- Detached Garage
- Garage Spaces
- 4
Mortgage Calculator
Listing courtesy of REAL (3961 WF).
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