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Listed price in listed location currency (USD).
$315,000

944

MLS® 7073007

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3568 sqft
Garage Yes
Taxes $4,275
Days Active 0
Lot Size 
Approx. Age 1984
Avg. Price Per Sqft $88
MLS® Number 7073007

Property Address: 1605 5th Avenue S, Fargo, ND, 58103

Average square foot calculated using Size range provided by listing agent.

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)
MLS® Number7073007
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1984
BasementFinished
DrivewayDetached Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 14, 2026List Date
$315,000List Price
  • Commute

Commute

Starting Address
Destination Address
1605 5Th Avenue S, Fargo, ND

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