2501 9th Street N, Fargo, ND 58102 (MLS# 7042919)

Overview

Description

Well-maintained 7-unit multi-family complex offering a strong investment opportunity with a desirable unit mix of four 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units. Recent updates include shingles replaced in 2018 and new exterior siding, enhancing both curb appeal and long-term durability. Interior improvements feature new flooring in Unit 2 and a renovated Unit 3, providing added value for tenants and owners alike. The property also offers convenient coin-operated laundry, eight off-street parking spaces, and sits on a corner lot in a prime location—just one block north of the Northport Shopping Center/Hornbacher’s and with easy access off 25th Ave N. A solid addition to any investment portfolio with room for continued upside. Call the agent today for more info/showings!

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: Yes
Waterfront Present: No
Year Built: 1958
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 2086
Above Ground SqFt: 4172
Below Grd Total SqFt: 2086
Total SqFt: 6258
Foundation Size: 6258
Style: (MF) Apartment
Total Finished Sqft: 6258.00
Lot Dimensions: 90x114
Acres: 0.23
Assessment Pending: Yes
Garage Stalls: 0

Property Features

Accessible: None Construction Status: Previously Owned Exterior: Vinyl Fuel: Natural Gas Heating: Boiler Lot Description: Corner Lot Owner Pays: Heat Parking Characteristics: Parking Lot Roof: Architectural Shingle Sewer: City Sewer/Connected Tenant Pays: Electricity Water: City Water/Connected

Contract Information

Exclusions: Seller's Personal Property;
Contingency: Inspection
Original List Price: 515000
ListPrice: 499000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2501
Street Name: 9th
Street Suffix: Street
Street Direction Suffix: N
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58102
Complex/Dev/Subdivision: Peter Sway 5th

Assessments

Assessment Balance: 5052.02
Assessment Installment: 932.7
Tax With Assessments: 6312

Building Information

Finished SqFt Above Ground: 4172
Finished SqFt Below Ground: 2086

More Information

Income and Expenses

Annual Gross Expenses: 33201
Annual Gross Income: 59230
Annual Net Income: 26028
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Unit 1

Furnished?: No
Leased?: Yes
Unit Number: Yes
Annual Rent: 10200
Full Baths: Yes
Monthly Rent: 850
No. of Units Like This: 4
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: Yes

Unit Details

Total Units: 4

Office/Member Info

Association: FMR

Location, Tax and Other Information

Legal Description: PETER SWAY 5TH S 20' LOT 9 BLK 7 AND ALL LOT 10
Listing City: Fargo
Map Page: 999
Municipality: Fargo
School District: Fargo
Zip Plus 4: 1311
Property ID Number: 01310001010000
Tax Year: 2025
Tax Amount: 5380.69
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: Not disclosed

Directions & Remarks

Public Remarks: Well-maintained 7-unit multi-family complex offering a strong investment opportunity with a desirable unit mix of four 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units. Recent updates include shingles replaced in 2018 and new exterior siding, enhancing both curb appeal and long-term durability. Interior improvements feature new flooring in Unit 2 and a renovated Unit 3, providing added value for tenants and owners alike. The property also offers convenient coin-operated laundry, eight off-street parking spaces, and sits on a corner lot in a prime location—just one block north of the Northport Shopping Center/Hornbacher’s and with easy access off 25th Ave N. A solid addition to any investment portfolio with room for continued upside. Call the agent today for more info/showings!
Directions: maps

Accessible

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Vinyl: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Lot Description

Corner Lot: Yes

Owner Pays

Heat: Yes

Parking Characteristics

Parking Lot: Yes

Roof

Architectural Shingle: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

Tenant Pays

Electricity: Yes