1026 16th Street N, Fargo, ND 58102 (MLS# 7019842)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1988
Yearly/Seasonal: Yearly
Above Ground SqFt: 1972
Below Grd Total SqFt: 1972
Total SqFt: 3944
Foundation Size: 1972
Style: (MF) Four Plex
Total Finished Sqft: 3944.00
Garage Stalls: 4
Lot Dimensions: 50' x 140'
Acres: 0.16
Assessment Pending: Unknown
Main Floor Total SqFt: 0

Property Features

Accessible: None Amenities Shared: Common Laundry Facility Assumable Loan: Not Assumable Construction Materials: Frame Construction Status: Previously Owned Electric: Circuit Breakers Existing Financing: Conventional Exterior: Vinyl Financing Terms: Conventional Fuel: Electric Heating: Baseboard Lock Box Type: None Rental License Type: Standard Road Frontage: City Street Roof: Asphalt Shingles Sellers Terms: Conventional Sewer: City Sewer/Connected Tenant Pays: All Utilities Water: City Water/Connected

Contract Information

Exclusions: Tenant Property
Off Market Date: 2026-02-13
Contingency: None
Closed Date: 2026-03-20
Original List Price: 325000
ListPrice: 325000
Sales Close Price: 346500
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1026
Street Name: 16th
Street Suffix: Street
Street Direction Suffix: N
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58102
Complex/Dev/Subdivision: Beardsleys

Assessments

Tax With Assessments: 4568
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1972
Finished SqFt Below Ground: 1972

More Information

Income and Expenses

Annual Gross Expenses: 24000
Annual Gross Income: 43000
Annual Net Income: 19000
Total Annual Expenses: 24000
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 10x20
Garage Door Height: 7
Garage Door Width: 9
Garage Square Feet: 800

Unit 1

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: Yes
Annual Rent: 13200
Finished SqFt: 900
Full Baths: Yes
Monthly Rent: 1100
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 6

Unit 2

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 9900
Finished SqFt: 650
Full Baths: Yes
Monthly Rent: 825
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 3

Furnished?: No
Leased?: No
Level: Below Ground
Unit Number: 3
Annual Rent: 12720
Finished SqFt: 900
Full Baths: Yes
Monthly Rent: 1060
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 6

Unit 4

Furnished?: No
Leased?: Yes
Level: Below Ground
Unit Number: 4
Annual Rent: 8160
Finished SqFt: 900
Full Baths: Yes
Monthly Rent: 680
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit Details

Total Units: 4

Office/Member Info

Association: FMR

Location, Tax and Other Information

Legal Description: BEARDSLEYS LOT 6 BLK 19
Listing City: Fargo
Map Page: 999
Municipality: Fargo
School District: Fargo
Zip Plus 4: 188
Property ID Number: 01010001120000
Tax Year: 2024
Tax Amount: 4568
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Rare-find fourplex. Close to NDSU campus. Two 3-bed 1 bath units and two 2 bed 1 bath units. New flooring in two units. New roof in 2020.
Directions: N I-29. Exit 12th Ave. E on 12th. S on 16th.

Accessible

None: Yes

Amenities Shared

Common Laundry Facility: Yes

Assumable Loan

Not Assumable: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Existing Financing

Conventional: Yes

Exterior

Vinyl: Yes

Financing Terms

Conventional: Yes

Fuel

Electric: Yes

Heating

Baseboard: Yes

Lock Box Type

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Roof

Asphalt Shingles: Yes

Sellers Terms

Conventional: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

Tenant Pays

All Utilities: Yes