1605 5th Avenue S, Fargo, ND 58103

Fargo
Local realty services provided by:ERA Gillespie Real Estate
1605 5th Avenue S,Fargo, ND 58103
$315,000Last list price
  • 9 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: mason peterson
Office: real (3961 wf)
MLS#:7073007
Source:NSMLS

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Price summary

  • Price:$315,000

About this home

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)

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Home facts

  • Year built:1984
  • Subdivision & Development:Case Peake & Halls
  • Listing ID #:7073007
  • Added:90 day(s) ago
  • Updated:August 13, 2026 at 07:50 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Finished

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Asphalt
  • Year built:1984
  • Levels:Bi/Split Level

Schools

  • High school:Fargo North

Utilities

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

Finances and disclosures

  • Price:$315,000
  • Tax amount:$4,275 (2025)

Features and amenities

  • Laundry features:Coin-op Laundry Leased

Parking

  • Parking description:Detached Garage
  • Garage:Yes
  • Garage spaces:4
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