120 University Drive S, Fargo, ND 58103

Local realty services provided by:ERA Gillespie Real Estate
120 University Drive S,Fargo, ND 58103
$499,000
  • 10 Beds
  • 4 Baths
  • 2,873 sq. ft.
  • Multi-family
  • Active
Listed by: kyle reedstrom
Office: real (3961 wf)
MLS#:7009014
Source:NSMLS

Price summary

  • Price:$499,000
  • Price per sq. ft.:$173.69

About this home

Investor Alert—this fully renovated 4-plex, originally built in 1890, offers a rare combination of historic charm and modern upgrades. Over its 135-year history, the property has gone through many phases, and while it does have some expected quirks like uneven floors, a gravel parking lot, and no garage or yard, tenants have loved living here thanks to the extensive improvements made by the current owner. Over the past three years, the property has been stabilized and transformed into a strong, cash-flowing asset with a current rent roll of $5,300 per month. Recent upgrades include a roof that’s less than 10 years old, nearly all new windows, new PEX & PVC water and sewer lines including vent stacks, a full drain tile system, spray foam insulation around the perimeter, full electrical update throughout including each unit's own panel, new drywall, paint, flooring, doors, and trim throughout, as well as fully modernized kitchens with new cabinets, countertops, and appliances. Each unit

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Home facts

  • Year built:1890
  • Listing ID #:7009014
  • Added:19 day(s) ago
  • Updated:February 10, 2026 at 01:06 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:4
  • Living area:2,873 sq. ft.

Structure and exterior

  • Year built:1890
  • Building area:2,873 sq. ft.
  • Lot area:0.17 Acres

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$499,000
  • Price per sq. ft.:$173.69
  • Tax amount:$3,214 (2025)
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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