Refine Your Search

Change the location, price range, bedrooms, or bathrooms below.

321 Morrison Street, West Fargo, ND 58078

$235,000
Property Type: Multi-Family Bedrooms: 5 Baths: 2 Square Footage: 2,208 Lot Size (sq. ft.): 6,970 Status: Closed
Current Price: $235,000 List Date: 1/29/2025 Last Modified: 10/01/2025

Overview

Description

Fantastic Investment Opportunity & Versatile Property! This duplex boasts a strong rental history and offers a range of possibilities. Whether you're seeking a solid investment, an owner-occupied home, or a space to customize, this property is an excellent choice. Currently fully rented, with the option to extend leases for continued income. Located in a prime downtown location, residents enjoy convenient access to schools, shopping, healthcare, and a variety of amenities. The property can be purchased individually or as part of a package with the 4-plex next door at 322 4th Ave (MLS #6652797). Don’t miss out on this opportunity!

Listing Details MLS# 6652715

General Property Information

Lot Measurement
Acres
Lowest Rental Unit
Below Grade
Multiple PIDs?
No
Owner Occupied
No
Year Built
1976
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1104
Above Ground SqFt
1104
Below Grd Total SqFt
1104
Total SqFt
2208
Foundation Size
1104
Style
(MF) Duplex Up and Down
Total Finished Sqft
2024.00
Garage Stalls
3
Lot Dimensions
50x140
Acres
0.16

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned Assumable Loan: Not Assumable Basement: Full Construction Materials: Frame Construction Status: Previously Owned Disclosures: Leases Available; Seller's Disclosure Available Electric: Circuit Breakers Exterior: Brick/Stone; Wood Fencing: None Financing Terms: Conventional Flooring: Carpet; Linoleum Fuel: Natural Gas Heating: Boiler Laundry: Common Area; Laundry Room; Lower Level Lock Box Type: Supra Owner Pays: Heat; Trash Collection; Water Parking Characteristics: Driveway - Shared Possession: At Closing Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: City Sewer/Connected Showing Requirements: 24 Hour Notice; Call Listing Agent Tenant Pays: Electricity Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Cooling: Wall Unit 2 Appliances: Stainless Steel Appliances; Dishwasher; Microwave; Range; Refrigerator Unit 2 Cooling: Window Water: City Water/Connected

Contract Information

Digitally Altered Photos
No
Exclusions
Tenants personal property
Off Market Date
2025-03-03
Contingency
None
Closed Date
2025-03-18
Original List Price
245000
ListPrice
245000
Sales Close Price
235000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
321
Street Name
Morrison
Street Suffix
Street
Postal City
West Fargo
County
Cass
State
ND
Zip Code
58078
Complex/Dev/Subdivision
Francis 2nd

Assessments

Assessment Balance
456.02
Assessment Installment
62.63
Assessments Paid Seller
25.48
Tax With Assessments
2943

Basement

Foundation Dimensions
46x24

More Information

Building Information

Finished SqFt Above Ground
1104
Finished SqFt Below Ground
920

Income and Expenses

Annual Electric Expense
396
Annual Fuel Expense
672
Annual Gross Expenses
4529
Annual Gross Income
18180
Annual Insurance Expense
1952
Annual Net Income
13651
Annual Trash Expense
393
Annual Water/Sewer Expense
1044
Total Annual Expenses
4529

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
FMR

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
26x30
Garage Door Height
7
Garage Door Width
8
Garage Square Feet
780

Unit 1

Furnished?
No
Lease Expiration Date
2025-07-31
Leased?
Yes
Level
Main Level
Unit Number
Yes
Annual Rent
8940
Finished SqFt
1000
Full Baths
Yes
Monthly Rent
745
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
3
Total Rooms
7

Unit 2

Furnished?
No
Lease Expiration Date
2025-07-31
Leased?
Yes
Level
Below Ground
Unit Number
2
Annual Rent
9240
Finished SqFt
900
Full Baths
Yes
Monthly Rent
770
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
7

Unit Details

Total Units
2
IDX
Listing Office: Beyond Realty
Last Updated: October - 01 - 2025
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.

Starts in :

00
Days
00
Hours
00
Minutes
00
Seconds