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1002 N 5th Street N, Fargo, ND 58102

$279,900
Property Type: Multi-Family Bedrooms: 5 Baths: 4 Square Footage: 3,305 Lot Size (sq. ft.): 6,534 Status: Closed
Current Price: $279,900 List Date: 5/28/2024 Last Modified: 10/01/2025

Overview

Description

Great location and close to hospital. Seller recently completed basement repair work. Good rental history. Owner hasn't raised rents in several years and are low. Owner agent. Newer roof, windows, and facia. Updated electrical panels.Each unit has it's own panel and pays own heat/lights with their electric. Coin operated laundry. Well kept property. Unit 3 currently vacant and has new carpet and paint on top floor. Units are month to month

Listing Details MLS# 6540746

General Property Information

Lot Measurement
Acres
Lowest Rental Unit
Below Grade
Multiple PIDs?
No
Owner Occupied
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

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned Assumable Loan: Not Assumable Basement: Brick/Mortar Construction Materials: Brick Construction Status: Previously Owned Disclosures: Seller's Disclosure Available Electric: Circuit Breakers Existing Financing: Cash Exterior: Slate Fencing: None Financing Terms: Conventional Flooring: Carpet; Laminate Foundation: Brick/Mortar Fuel: Electric Heating: Baseboard Internet Options: None Laundry: Common Area Lock Box Type: Supra Lot Description: Corner Lot Owner Pays: Common Area Maintenance; Exterior Maintenance; Gas; Hot Water; Insurance; Lawn; Repairs; Sewer; Taxes; Trash Collection; Water Pool Description: None Possession: At Closing Road Frontage: None Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sewer: City Sewer - In Street Showing Requirements: Call Listing Agent Stories: Two Tenant Pays: Electricity; Heat Topography: Other 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 4 Appliances: Range; Refrigerator Unit 4 Cooling: Window Water: City Water - In Street

Contract Information

Digitally Altered Photos
No
Exclusions
Tenants property
Off Market Date
2024-08-06
Contingency
None
Closed Date
2024-08-30
Original List Price
289900
ListPrice
284900
Sales Close Price
279900
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
1002
Street Direction Prefix
N
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
8639
Assessment Installment
386
Tax With Assessments
4779

Basement

Foundation Dimensions
30x30

More Information

Building Information

Finished SqFt Above Ground
2405
Finished SqFt Below Ground
450

Income and Expenses

Annual Electric Expense
3301
Annual Gross Expenses
7114
Annual Gross Income
2095
Annual Insurance Expense
2091
Annual Net Income
18026
Annual Water/Sewer Expense
1722
Total Annual Expenses
7114

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
2024-05-28
Leased?
Yes
Level
Main Level
Unit Number
Yes
# of Fireplaces
Yes
Annual Rent
9000
Finished SqFt
1000
Full Baths
Yes
Monthly Rent
750
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
2024-05-28
Leased?
Yes
Level
2nd Level
Unit Number
2
Annual Rent
5940
Finished SqFt
400
Full Baths
Yes
Monthly Rent
495
No. of Units Like This
Yes
Oth Parking Spaces
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
3

Unit 3

Furnished?
No
Lease Expiration Date
2024-05-28
Leased?
Yes
Unit Number
3
Annual Rent
5100
Full Baths
Yes
Monthly Rent
425
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
3

Unit 4

Furnished?
No
Lease Expiration Date
2024-05-28
Leased?
Yes
Unit Number
4
Annual Rent
5100
Finished SqFt
450
Full Baths
Yes
Monthly Rent
425
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
3

Unit Details

Total Units
4
IDX
Listing Office: Better Homes and Gardens Real Estate Advantage One
Last Updated: October - 01 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

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