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1114 College Street N, Fargo, ND 58102

$212,500
Property Type: Multi-Family Bedrooms: 7 Baths: 3 Square Footage: 2,448 Lot Size (sq. ft.): 6,970 Status: Closed
Current Price: $212,500 List Date: 6/21/2024 Last Modified: 10/01/2025

Overview

Description

Triplex with great rental history located one block from NDSU. All three units are updated, and new water heaters were put in this year. Two units have 2 bedrooms/1 bath and third unit has three bedrooms/one bath. Separate electric for all units and off-street parking. This property presents a great opportunity for seasoned investors or those just entering the rental market. All three units under lease with a monthly rent of $2,250. Please provide a 24-hour notice for all showing requests.

Listing Details MLS# 6556965

General Property Information

# Carport Spaces
7
Lot Measurement
Acres
Lowest Rental Unit
Garden Level
Multiple PIDs?
No
Owner Occupied
No
Year Built
1922
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
816
Above Ground SqFt
1632
Below Grd Total SqFt
816
Total SqFt
2448
Foundation Size
816
Style
(MF) Triplex
Total Finished Sqft
2448.00
Lot Dimensions
50x140
Acres
0.16

Property Features

Accessible: None Construction Materials: Block Construction Status: Previously Owned Disclosures: Leases Available Exterior: Cement Board Financing Terms: Conventional Flooring: Hardwood; Luxury Vinyl Tile Fuel: Electric Heating: Baseboard Laundry: None Lock Box Type: Supra Lot Description: Tree Coverage - Light Owner Pays: Snow Removal; Trash Collection; Water Parking Characteristics: Parking Lot; Uncovered/Open Possession: Lease Out Stand; Tenants Rights Rental License Type: Standard Road Frontage: City Street Roof: Architectural Shingle Sewer: City Sewer/Connected Showing Requirements: 24 Hour Notice; Appointment Only; Lockbox; See Remarks Stories: Two Tenant Pays: Cable TV; Electricity; Lawn Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Bath Description: 3/4 Primary Unit 1 Cooling: None Unit 1 Family Room Characteristics: Family Room Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Cooling: Window Unit 3 Appliances: Dishwasher; Range; Refrigerator Unit 3 Cooling: Window Water: City Water/Connected

Contract Information

Digitally Altered Photos
No
Off Market Date
2025-01-21
Contingency
None
Closed Date
2025-02-18
Original List Price
245000
ListPrice
230000
Sales Close Price
212500
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1114
Street Name
College
Street Suffix
Street
Street Direction Suffix
N
Postal City
Fargo
County
Cass
State
ND
Zip Code
58102
Complex/Dev/Subdivision
Kirkhams 2nd

Assessments

Assessment Balance
3429.95
Assessment Installment
470.62
Assessments Paid Seller
69.61
Tax With Assessments
3155.88

Building Information

Finished SqFt Above Ground
1632
Finished SqFt Below Ground
816

More Information

Income and Expenses

Annual Gross Expenses
8000
Annual Gross Income
27600
Annual Insurance Expense
850
Annual Maintenance Expense
2000
Annual Net Income
19600
Annual Repair Expense
1500
Annual Trash Expense
450
Annual Water/Sewer Expense
360
Total Annual Expenses
8000

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
FMR

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Unit 1

Furnished?
No
Leased?
Yes
Level
Below Ground
Unit Number
Yes
3/4 Baths
Yes
Annual Rent
8700
Finished SqFt
800
Monthly Expense
230
Monthly Rent
725
No. of Units Like This
Yes
Oth Parking Spaces
2
Total Baths
Yes
Total Bedrooms
2
Total Rooms
5

Unit 2

Furnished?
No
Lease Expiration Date
2024-12-31
Leased?
Yes
Level
2nd Level
Unit Number
2
3/4 Baths
Yes
Annual Rent
8700
Finished SqFt
800
Monthly Expense
230
Monthly Rent
725
No. of Units Like This
Yes
Oth Parking Spaces
2
Total Baths
Yes
Total Bedrooms
2
Total Rooms
5

Unit 3

Furnished?
No
Leased?
Yes
Level
Main Level
Unit Number
3
Annual Rent
10200
Finished SqFt
832
Full Baths
Yes
Monthly Expense
230
Monthly Rent
850
No. of Units Like This
Yes
Oth Parking Spaces
3
Total Baths
Yes
Total Bedrooms
3
Total Rooms
6

Unit Details

Total Units
3
IDX
Listing Office: Beyond Realty
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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