3114 3rd Street N, Fargo, ND 58102 (MLS# 7052428)

Overview

Description

Turnkey 18-unit investment opportunity in North Fargo with strong in-place performance and immediate cash flow. This fully occupied asset offers a desirable unit mix of 1-bedroom and 2-bedroom units, appealing to a broad tenant base driven by its prime location near NDSU, the Fargodome, Downtown Fargo, and Hector International Airport. Each unit is well-appointed with a full kitchen package including a dishwasher, microwave, and range, along with a blend of carpet and hardwood flooring for a clean, durable finish. Sliding patio doors provide access to private decks, bringing in natural light and added tenant appeal. Every unit also includes garage space—an increasingly valuable amenity in the Fargo market. The property has been well-maintained and professionally managed, with shared laundry available on each floor for added convenience and operational efficiency. Additional features like functioning doorbells in every unit further enhance the overall tenant experience. With consis ... (Read more)

General Property Information

Lot Measurement: Acres
Management Company Name: River Rock Property Management
Multiple PIDs?: No
Other Parking Spaces: 18
Owner Occupied: No
Waterfront Present: No
Year Built: 1973
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 17376
Garage Stalls: 18
Management Company Phone: 701-639-4900
For Sale or Lease: For Sale
Acres: 0.74
Lot Dimensions: 160x160x202.5x202.5
Assessment Pending: Yes

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Amenities Shared: Coin-op Laundry Owned Amenities Unit: Deck Appliances: Dishwasher; Microwave; Range; Refrigerator CMU Style: Apartments/Multi Family Construction Materials: Brick Construction Status: Previously Owned Current Use: Other Exterior: Brick/Stone Fencing: None Flooring: Other/See Remarks Fuel: Electric Heating: Baseboard Loan Terms: Cash; Conventional; Other Location Description: Free Standing Lock Box Type: None Lot Description: Corner Lot On Site Utilities: Electric Separate; Hot Water Common Overhead Door Clearance: 0-9 Feet Parking Characteristics: Parking Lot; Paved Lot; Unassigned Pool Description: None Rent Rate per Foot: Per Month Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: City Sewer/Connected Stories: Three Or More Water: City Water/Connected

Contract Information

Exclusions: Tenant personal property
Contingency: None
ListPrice: 1500000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 3114
Street Name: 3rd
Street Suffix: Street
Street Direction Suffix: N
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58102
Complex/Dev/Subdivision: Edgewood 2nd

Assessments

Assessment Balance: 8669.24
Assessment Installment: 1446.66
Tax With Assessments: 17456

Building Information

Building Finished SqFt: 17376
Building SqFt: 17376

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building

Unit 1

No. of 1 Bedroom Units: 9

Unit 2

No. of 2 Bedroom Units: 9

Unit Details

Total Units: 18

Office/Member Info

Association: FMR

Location, Tax and Other Information

Legal Description: EDGEWOOD 2ND PT OF BLK 5 DESC AS: BEG AT NE BLK 5 S 00DG45'32"" E ALG E LN BLK 5 FOR 202.50' S 89DG14'52"" W FOR 160' N 00DG45'32"" W FOR 202.50' TO PT ON N LN BLK 5 THEN 89DG14'52"" E FOR 160' TO BEG
Listing City: Fargo
Map Page: 999
Municipality: Fargo
School District: Fargo
Zip Plus 4: 7885
Property ID Number: 01073000332000
Tax Year: 2025
Tax Amount: 17456
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: Not disclosed

Directions & Remarks

Public Remarks: Turnkey 18-unit investment opportunity in North Fargo with strong in-place performance and immediate cash flow. This fully occupied asset offers a desirable unit mix of 1-bedroom and 2-bedroom units, appealing to a broad tenant base driven by its prime location near NDSU, the Fargodome, Downtown Fargo, and Hector International Airport. Each unit is well-appointed with a full kitchen package including a dishwasher, microwave, and range, along with a blend of carpet and hardwood flooring for a clean, durable finish. Sliding patio doors provide access to private decks, bringing in natural light and added tenant appeal. Every unit also includes garage space—an increasingly valuable amenity in the Fargo market. The property has been well-maintained and professionally managed, with shared laundry available on each floor for added convenience and operational efficiency. Additional features like functioning doorbells in every unit further enhance the overall tenant experience. With consistent occupancy, a high-demand location, and proven management in place, this asset presents a strong, low-friction addition to any investment portfolio with both stability and upside potential.
Directions: Google Maps takes you right to property.

Accessible

None: Yes

Air Conditioning

Wall Unit(s): Yes

Amenities Shared

Coin-op Laundry Owned: Yes

Amenities Unit

Deck: Yes

Appliances

Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Construction Materials

Brick: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Fencing

None: Yes

Flooring

Other/See Remarks: Yes

Fuel

Electric: Yes

Heating

Baseboard: Yes

Lock Box Type

None: Yes

Lot Description

Corner Lot: Yes

Parking Characteristics

Parking Lot: Yes
Paved Lot: Yes
Unassigned: Yes

Patio, Porch and Deck Features

Deck: Yes

Pool Description

None: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Water

City Water/Connected: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

On Site Utilities

Electric Separate: Yes
Hot Water Common: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Other: Yes

Loan Terms

Cash: Yes
Conventional: Yes
Other: Yes

Location Description

Free Standing: Yes

Overhead Door Clearance

0-9 Feet: Yes

Rent Rate per Foot

Per Month: Yes