1002 5th Street N, Fargo, ND 58102 (MLS# 7017918)

Overview

Description

Fantastic Investment Opportunity in North Fargo! Well-located, fully rented 4-plex with a strong rental history and current monthly income of $3,325. All units have been freshly painted, and retro foam insulation was added in 2024, complete with a transferable lifetime warranty. The property features three 1-bedroom/1-bath units and one 2-bedroom/1-bath unit. Units 3 and 4 are furnished, and sellers will leave the furnishings as-is, adding immediate value and flexibility for investors. Tenants enjoy a 3-stall garage plus a wide driveway offering additional off-street parking. Recent updates include new refrigerators in Units 1 and 3, a new stove in Unit 2, new electric baseboard heating in the storage room, and a new washer in the shared laundry room. The gutters were professionally cleaned in 2024. A well-maintained, turn-key rental property ready to add to your portfolio! Call your favorite Realtor today!

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1250
Above Ground SqFt: 2405
Below Grd Total SqFt: 900
Total SqFt: 3305
Foundation Size: 900
Style: (MF) Four Plex
Total Finished Sqft: 2855.00
Garage Stalls: 3
Lot Dimensions: 49.5x140
Acres: 0.15
Assessment Pending: No

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned Assumable Loan: Not Assumable Basement: Concrete Block Construction Materials: Brick Construction Status: Previously Owned Electric: Circuit Breakers Existing Financing: Conventional Exterior: Slate Fencing: None Financing Terms: Conventional Foundation: Brick/Mortar Fuel: Electric Heating: Baseboard Laundry: Common Area Lock Box Type: Supra Lot Description: Corner Lot Owner Pays: Common Area Maintenance; Electricity; Exterior Maintenance; Gas; Hot Water; Insurance; Lawn; Other; Repairs; Sewer; Taxes; Trash Collection; Water Pool Description: None Road Frontage: None Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer - In Street Stories: Two Tenant Pays: Electricity; Heat Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Window Unit 1 Dining Room Description: Informal Dining Room Unit 1 Family Room Characteristics: Main Level Unit 1 Fireplace Char: Wood Burning Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Window Unit 3 Cooling: Window Unit 4 Appliances: Range; Refrigerator Unit 4 Cooling: Window Water: City Water - In Street

Contract Information

Exclusions: Tenants' personal property.
Off Market Date: 2026-06-02
Contingency: None
Closed Date: 2026-08-07
Original List Price: 309900
ListPrice: 266000
Sales Close Price: 255000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1002
Street Name: 5th
Street Suffix: Street
Street Direction Suffix: N
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58102
Complex/Dev/Subdivision: Truesdells 2nd

Assessments

Assessment Balance: 7998
Assessment Installment: 801
Tax With Assessments: 5025

Basement

Foundation Dimensions: 30x30

More Information

Building Information

Finished SqFt Above Ground: 2405
Finished SqFt Below Ground: 450

Income and Expenses

Annual Electric Expense: 2045
Annual Gross Expenses: 10155
Annual Gross Income: 39420
Annual Insurance Expense: 4014
Annual Maintenance Expense: 750
Annual Water/Sewer Expense: 2146

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: FMR

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 600

Unit 1

Furnished?: No
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: Main Level
Unit Number: Yes
# of Fireplaces: Yes
Annual Rent: 10560
Finished SqFt: 1000
Full Baths: Yes
Monthly Rent: 880
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 4

Unit 2

Furnished?: No
Lease Expiration Date: 2027-05-31
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 9120
Finished SqFt: 400
Full Baths: Yes
Monthly Rent: 760
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 3

Unit 3

Furnished?: Yes
Lease Expiration Date: 2026-07-04
Leased?: Yes
Level: 2nd Level
Unit Number: 3
Annual Rent: 11400
Full Baths: Yes
Monthly Rent: 950
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 3

Unit 4

Furnished?: Yes
Lease Expiration Date: 2026-09-02
Leased?: Yes
Level: Below Ground
Unit Number: 4
Annual Rent: 8220
Finished SqFt: 450
Full Baths: Yes
Monthly Rent: 685
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 3

Unit Details

Total Units: 4

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