1605 5th Avenue S, Fargo, ND 58103 (MLS# 7073007)

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1605 5th Avenue S, Fargo, ND 58103

$324,000

Property Type: Multi-Family Bedrooms: 9 Baths: 4 Square Footage: 3,568 Lot Size (sq. ft.): 6,970 Status: Closed

Current Price: $324,000 List Date: 5/14/2026 Last Modified: 8/03/2026

Overview

Description

This 4plex was built in 1984 BY THE OWNER. He's owned it for over 40 years. Gross monthly rent is currently $2,325. All units are month-to-month. Owner has kept rents low since the building has had long term tenants stay. Each unit has a garage stall. Current rents compared to market rents: Unit 1 (2 bed)-$600-->$750 Unit 2 (2 bed)-$450-->$750 Unit 3 (2 bed)-$625-->$750 Unit 4 (3 bed)-$650-->$900 Gross rents if rents are improved: $3,150 Opportunity to go higher if units had updated cosmetics. Laundry income also averages about $75/ month on top of that. Owner pays electric for common space hallway and water/sewer/garbage for the building. Tenants pay electric for their unit. Notice for pending special assessment for Main Ave road project of an estimated $919.41. (attached in documents)

Listing Details MLS# 7073007

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1984
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family, Residential-Single Famil
Main Floor Total SqFt: 1784
Above Ground SqFt: 1784
Below Grd Total SqFt: 1784
Total SqFt: 3568
Foundation Size: 1784
Style: (MF) Four Plex
Total Finished Sqft: 3568.00
Garage Stalls: 4
Lot Dimensions: 50x140
Acres: 0.16
Assessment Pending: Yes

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Leased Construction Status: Previously Owned Exterior: Wood Financing Terms: Other Foundation: Poured Concrete Fuel: Electric Heating: Baseboard Laundry: Common Area; Laundry Room; Lower Level Lock Box Type: Supra Owner Pays: Electricity; Sewer; Water Rental License Type: Standard Roof: Asphalt Shingles Sewer: City Sewer/Connected Tenant Pays: Electricity Unit 1 Cooling: Wall Unit 2 Cooling: Wall Unit 3 Cooling: Wall Unit 4 Cooling: Wall Water: City Water/Connected

Contract Information

Off Market Date: 2026-06-24
Contingency: None
Closed Date: 2026-07-27
Original List Price: 315000
ListPrice: 315000
Sales Close Price: 324000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1605
Street Name: 5th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58103
Complex/Dev/Subdivision: Case Peake & Halls

Assessments

Assessment Balance: 12234
Assessment Installment: 874.08
Tax With Assessments: 5230

Building Information

Finished SqFt Above Ground: 1784
Finished SqFt Below Ground: 1784

More Information

Income and Expenses

Annual Gross Income: 27900
Misc. Annual Income: 900

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: LCAR

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Unit 1

Furnished?: No
Leased?: Yes
Unit Number: Yes
Annual Rent: 7200
Finished SqFt: 875
Full Baths: Yes
Monthly Rent: 600
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Leased?: Yes
Unit Number: 2
Annual Rent: 5400
Finished SqFt: 875
Full Baths: Yes
Monthly Rent: 450
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 3

Furnished?: No
Leased?: Yes
Unit Number: 3
Annual Rent: 7500
Finished SqFt: 875
Full Baths: Yes
Monthly Rent: 625
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 4

Furnished?: No
Leased?: Yes
Unit Number: 4
Annual Rent: 7800
Finished SqFt: 943
Full Baths: Yes
Monthly Rent: 650
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 6

Unit Details

Total Units: 4

Listing Office: REAL (3961 WF)

Last Updated: August - 03 - 2026

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