1219 10th Avenue N, Fargo, ND 58102 (MLS# 7033354)

With your personalized portal, you can:

Save and organize your property searches
Receive real-time updates on new and updated listings
Track and monitor homes you’re interested in
Add private notes and messages for easy reference
Customize your dashboard to fit your needs

1219 10th Avenue N, Fargo, ND 58102

$705,000

Property Type: Commercial Bedrooms: 11 Square Footage: 5,236 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $705,000 List Date: 3/11/2026 Last Modified: 9/17/2026

Overview

Description

8% CAP RATE | 11-Unit Multifamily | Proven Rental History | Immediate Cash Flow Investors looking for a straightforward, cash-flowing multifamily asset should take a closer look at this 11-unit property located just minutes from NDSU in North Fargo. Offered at an 8% cap rate, this property provides immediate income with a proven rental history and a manageable operating profile. The property features a strong mix of studio, one-bedroom, and two-bedroom units, creating a diversified tenant base that appeals to students, young professionals, and workforce renters. With leases in place and consistent rental demand, investors can step into an established operation without taking on a heavy repositioning or value-add project. The appeal here is simplicity: a low-stress, easy-to-maintain property designed to produce cash flow from day one. For investors who prefer a stabilized asset over a renovation-heavy project, this is an opportunity to acquire an income-producing property in a proven ... (Read more)

Listing Details MLS# 7033354

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 6
Owner Occupied: No
Waterfront YN: No
Year Built: 1890
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 1650
For Sale or Lease: For Sale
Acres: 0.13
Lot Dimensions: 74.9x79
Assessment Pending: Yes

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Amenities Shared: Coin-op Laundry Owned Amenities Unit: None Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator Basement: Full CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Steel Siding Fencing: None Flooring: Carpet; Tile Fuel: Electric Heating: Boiler Loan Terms: Cash; Conventional Lock Box Type: None Lot Description: Corner Lot On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Parking Lot Pool Description: None Rent Rate per Foot: Per Month Road Frontage: Paved Streets Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: City Sewer/Connected Shared Rooms: Other Stories: Two Wall Description: Drywall; Paneling; Wood Water: City Water/Connected Window Features: Insulated Windows

Contract Information

Exclusions: All tenant and owner personal property.
Contingency: None
ListPrice: 705000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1219
Street Name: 10th
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58102
Complex/Dev/Subdivision: Chapins - Hobson

Assessments

Assessment Installment: 736.4
Tax With Assessments: 5096

Basement

Foundation Dimensions: 32x50

More Information

Building Information

Building Finished SqFt: 5236
Building SqFt: 5236
Ceiling Height: 8-10

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building

Unit 1

Unit Number: Yes
Monthly Rent: 900
Total Bedrooms: 2
Leased?: Yes
Lease Expiration Date: 2027-03-31
No. of 1 Bedroom Units: 3

Unit 10

Lease Expiration Date: 2027-03-31
Leased?: Yes
Monthly Rent: 595
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 10

Unit 11

Lease Expiration Date: 2027-04-30
Leased?: Yes
Monthly Rent: 575
Total Rooms: Yes
Unit Number: 11

Unit 2

No. of 2 Bedroom Units: Yes
Lease Expiration Date: 2026-12-31
Leased?: Yes
Monthly Rent: 895
Total Bedrooms: Yes
Unit Number: 2

Unit 3

Lease Expiration Date: 2027-04-30
Leased?: Yes
Monthly Rent: 950
Total Bedrooms: Yes
Unit Number: 3

Unit 4

Lease Expiration Date: 2026-12-31
Leased?: Yes
Monthly Rent: 775
Total Bedrooms: Yes
Unit Number: 4

Unit 5

Lease Expiration Date: 2027-03-31
Leased?: Yes
Monthly Rent: 595
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 5

Unit 6

Lease Expiration Date: 2027-02-28
Leased?: Yes
Monthly Rent: 575
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 6

Unit 7

Lease Expiration Date: 2026-09-30
Leased?: Yes
Monthly Rent: 550
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 7

Unit 8

Lease Expiration Date: 2026-12-31
Leased?: Yes
Monthly Rent: 575
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 8

Unit 9

Lease Expiration Date: 2026-11-30
Leased?: Yes
Monthly Rent: 625
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 9

Unit Details

Total Units: 11

Unit Information

No. of Efficiency Units: 7

Documents

SPD_1221.pdf ›

Listing Office: RE/MAX Legacy Realty

Last Updated: September - 17 - 2026

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.