1121 3rd Avenue N, Fargo, ND 58102 (MLS# 7121053)

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1121 3rd Avenue N, Fargo, ND 58102

$245,000

Property Type: Multi-Family Bedrooms: 4 Baths: 2 Square Footage: 3,092 Lot Size (sq. ft.): 5,000 Status: Active

Current Price: $245,000 List Date: 8/07/2026 Last Modified: 9/08/2026

Overview

Description

Incredible Investment Opportunity! Whether you're looking to expand your investment portfolio or enjoy the benefits of owner-occupancy while generating rental income, this duplex is an exceptional opportunity. Ideally located just blocks from downtown, Brewhalla, and the established North Fargo neighborhoods, this character-filled property features two spacious two-story units. Each unit offers a covered front porch, a bright living room with tall ceilings, a formal dining room, a functional kitchen, and a rear deck with convenient access to off-street parking. Upstairs, you'll find two comfortable bedrooms, a full bathroom, and a third-story loft providing valuable additional storage space. The basement includes a washer and dryer along with ample unfinished storage. Rich hardwood floors and timeless architectural details add warmth and charm throughout both units. The property is currently tenant-occupied and professionally managed, making it a turnkey income-producing investment. Fi ... (Read more)

Listing Details MLS# 7121053

General Property Information

Lot Measurement: Square Feet
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1890
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1056
Above Ground SqFt: 2036
Below Grd Total SqFt: 1056
Total SqFt: 3092
Foundation Size: 1056
Lot Size SqFt: 5000.05
Style: (MF) Duplex Side X Side
Total Finished Sqft: 2036.00
Lot Dimensions: 50'x100'
Assessment Pending: No

Property Features

Accessible: None Basement: Concrete Block; Full Construction Status: Previously Owned Exterior: Vinyl Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: In Basement Rental License Type: Standard Sellers Terms: Cash; Other Sewer: City Sewer/Connected Unit 1 Amenities: Deck; Kitchen Window; Porch; Walk-Up Attic Unit 1 Appliances: Cooktop; Dryer; Range; Refrigerator; Washer Unit 1 Bath Description: Upper Level 3/4 Bath Unit 1 Cooling: Wall Unit 1 Dining Room Description: Separate/Formal Dining Rm Unit 1 Family Room Characteristics: Loft; Family Room; Main Level Unit 2 Amenities: Deck; Kitchen Window; Porch Unit 2 Appliances: Cooktop; Range; Refrigerator; Washer Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Wall Unit 2 Dining Room Description: Separate/Formal Dining Rm Unit 2 Family Room Characteristics: Loft; Family Room; Main Level Water: City Water/Connected

Contract Information

Exclusions: Personal Property
Contingency: None
Original List Price: 245000
ListPrice: 245000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1121
Street Name: 3rd
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58102
Complex/Dev/Subdivision: Roberts 2nd

Assessments

Assessment Balance: 10247.98
Assessment Installment: 1121.92
Tax With Assessments: 3535.19

Building Information

Finished SqFt Above Ground: 2036

More Information

Income and Expenses

Annual Caretaker Expense: 1649.83
Annual Electric Expense: 14.09
Annual Fuel Expense: 3.09
Annual Gross Expenses: 13880.76
Annual Gross Income: 24618.1
Annual Insurance Expense: 2211
Annual Maintenance Expense: 4435.52
Annual Repair Expense: 7169.13
Annual Trash Expense: 17.18
Annual Water/Sewer Expense: 17.18
Total Annual Expenses: 13880

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
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Multi-Level
Unit Number: Yes
3/4 Baths: Yes
Annual Rent: 7665
Finished SqFt: 1018
Monthly Expense: 74
Monthly Rent: 1095
No. of Units Like This: Yes
Oth Parking Spaces: 2
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 9

Unit 2

Furnished?: No
Lease Expiration Date: 2027-03-31
Leased?: Yes
Level: Multi-Level
Unit Number: 2
Annual Rent: 6605
Finished SqFt: 1018
Full Baths: Yes
Monthly Expense: 64
Monthly Rent: 950
No. of Units Like This: Yes
Oth Parking Spaces: 2
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 9

Unit Details

Total Units: 2

Listing Office: Berkshire Hathaway HomeServices Premier Properties

Last Updated: September - 08 - 2026

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