727 3rd Street N, Fargo, ND 58102

Fargo
Local realty services provided by:ERA Gillespie Real Estate
727 3rd Street N,Fargo, ND 58102
$345,000
Virtual Tour
  • 8 Beds
  • 5 Baths
  • 3,187 sq. ft.
  • Multi-family
  • Active
Listed by: tara fontaine
Office: raboin realty
MLS#:7027590
Source:NSMLS

Price summary

  • Price:$345,000
  • Price per sq. ft.:$88.46

About this home

This 5-unit property represents a perfectly balanced "hybrid" investment, engineered for both stability and high yield performance. By diversifying the tenant base, the property captures the best of both worlds: three long-term units provide a reliable, steady foundation of monthly income that covers operating expenses and debt service, while two units are dedicated to the short-term rental market. These STR units capitalize on peak seasonal rates and travel demand, significantly boosting the property’s gross income and driving an oversized cash-on-cash return that far outpaces traditional multi-family assets. For the savvy investor, this complex is a turnkey & cash flowing that pairs the security of a classic apartment building with the upside of the hospitality industry. Basement has finished storage units ready to use for extra income plus a basement studio apartment currently used for storage. **24 hour notice required for all showings. Owner/agent

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Home facts

  • Year built:1902
  • Listing ID #:7027590
  • Added:64 day(s) ago
  • Updated:May 07, 2026 at 03:07 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:5
  • Basement:Yes
  • Basement Description:Block
  • Living area:3,187 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1902
  • Building area:3,187 sq. ft.
  • Lot area:0.14 Acres
  • Levels:2 Story

Schools

  • High school:Fargo North

Utilities

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

Finances and disclosures

  • Price:$345,000
  • Price per sq. ft.:$88.46
  • Tax amount:$5,547 (2024)

Parking

  • Parking description:Parking Lot
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