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1115/1117/1121 2nd Avenue S, Fargo, ND 58103

$380,000
Property Type: Commercial Lot Size (sq. ft.): 6,970 Status: Closed
Current Price: $380,000 List Date: 9/14/2025 Last Modified: 10/10/2025

Overview

Description

Motivated Seller...80k Price Drop 10-plex at $50k/unit! ATTENTION INVESTORS 1115/1117 and 1121 are being offered together for a total of 10 units. This is a classic, operational value-add opportunity. The current owner has already done the heavy lifting—removing problem tenants and turning units rent-ready—positioning the next owner to benefit from increased occupancy and stabilized income. Tenants pay for electric heat at 1115 and 1117. Offer consists of two multifamily buildings, an ample paved parking lot, plus a 2-car detached garage.

Listing Details MLS# 6698091

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Other Parking Spaces
10
Owner Occupied
No
Year Built
1902
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
3000
Garage Stalls
2
Management Company Phone
408-981-9099
For Sale or Lease
For Sale
Acres
0.16
Lot Dimensions
100X140

Property Features

Accessible: None CMU Style: Apartments/Multi Family; Low Rise Construction Status: Previously Owned Current Use: Residential Exterior: Aluminum Siding Financing Terms: Cash Fuel: Electric; Natural Gas Heating: Baseboard; Boiler Lock Box Type: None On Site Utilities: Electric Common; Electric Separate; Heating Common Parking Characteristics: Parking Lot; Unassigned Rental License Type: Standard Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Off Market Date
2025-09-20
Closed Date
2025-10-03
Sales Close Price
380000
Contingency
None
ListPrice
500000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1115/1117/1121
Street Name
2nd
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Fargo
County
Cass
State
ND
Zip Code
58103
Complex/Dev/Subdivision
Original Townsite

Additional Parcels Information

Property ID #2
01224001940000

Assessments

Assessment Balance
3150.29
Assessment Installment
1257.66
Tax With Assessments
7683.28

More Information

Building Information

Building Finished SqFt
5816
Building SqFt
6716

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Section#
Lot 8, Block 14

Sale Options

Sale Includes
Building, Land, Leases

Unit 1

No. of 1 Bedroom Units
7

Unit 2

No. of 2 Bedroom Units
3

Unit Details

Total Units
10

Office/Member Info

Association
FMR

Location, Tax and Other Information

Legal Description
ORIGINAL TOWNSITE LOT 8 BLK 14
Listing City
Fargo
Map Page
999
Municipality
Fargo
School District
Fargo
Zip Plus 4
7126
Property ID Number
01224001930000
Tax Year
2024
Tax Amount
6300.58
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Motivated Seller...80k Price Drop 10-plex at $50k/unit! ATTENTION INVESTORS 1115/1117 and 1121 are being offered together for a total of 10 units. This is a classic, operational value-add opportunity. The current owner has already done the heavy lifting—removing problem tenants and turning units rent-ready—positioning the next owner to benefit from increased occupancy and stabilized income. Tenants pay for electric heat at 1115 and 1117. Offer consists of two multifamily buildings, an ample paved parking lot, plus a 2-car detached garage.
Directions
At the corner of 2nd Ave S and 11th St S

Accessible

None
Yes

Construction Status

Previously Owned
Yes

Exterior

Aluminum Siding
Yes

Financing Terms

Cash
Yes

Fuel

Electric
Yes
Natural Gas
Yes

Heating

Baseboard
Yes
Boiler
Yes

Lock Box Type

None
Yes

Parking Characteristics

Parking Lot
Yes
Unassigned
Yes

Rental License Type

Standard
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Common
Yes
Electric Separate
Yes
Heating Common
Yes

CMU Style

Apartments/Multi Family
Yes
Low Rise
Yes

Current Use

Residential
Yes
IDX
Listing Office: Daybreak Realty
Last Updated: October - 10 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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