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322 4th Avenue W, West Fargo, ND 58078

$290,000
Property Type: Multi-Family Bedrooms: 6 Baths: 4 Square Footage: 3,024 Lot Size (sq. ft.): 6,970 Status: Closed
Current Price: $290,000 List Date: 1/29/2025 Last Modified: 10/01/2025

Overview

Description

Fantastic Investment Opportunity & Versatile Property! This 4-plex 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 duplex next door at 321 Morrison St (MLS #6652715). Don’t miss out on this opportunity!

Listing Details MLS# 6652797

General Property Information

Lot Measurement
Acres
Lowest Rental Unit
Below Grade
Multiple PIDs?
No
Owner Occupied
No
Year Built
1960
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1512
Above Ground SqFt
1512
Below Grd Total SqFt
1512
Total SqFt
3024
Foundation Size
1512
Style
(MF) Four Plex
Total Finished Sqft
2812.00
Garage Stalls
3
Lot Dimensions
50x140
Acres
0.16

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned Assumable Loan: Not Assumable Construction Materials: Frame Construction Status: Previously Owned Disclosures: Leases Available; Seller's Disclosure Available Electric: Circuit Breakers Existing Financing: Conventional Exterior: Aluminum Siding; Brick/Stone Fencing: None Financing Terms: Conventional Flooring: Carpet; Linoleum Fuel: Natural Gas Heating: Boiler Laundry: Common Area Lock Box Type: Supra Lot Description: Corner Lot Owner Pays: Heat; Sewer; Trash Collection; Water 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: Broadband; Cable TV; Electricity Unit 1 Appliances: Range; Refrigerator Unit 1 Cooling: Window Unit 2 Appliances: Range; Refrigerator Unit 2 Cooling: Window Unit 3 Appliances: Range; Refrigerator Unit 3 Cooling: Window Unit 4 Appliances: Range; Refrigerator Unit 4 Cooling: Window Water: City Water/Connected

Contract Information

Digitally Altered Photos
No
Exclusions
Tenant personal property
Off Market Date
2025-03-03
Contingency
None
Closed Date
2025-03-18
Original List Price
299000
ListPrice
299000
Sales Close Price
290000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
322
Street Name
4th
Street Suffix
Avenue
Street Direction Suffix
W
Postal City
West Fargo
County
Cass
State
ND
Zip Code
58078
Complex/Dev/Subdivision
Francis 2nd

Assessments

Assessment Balance
456.02
Assessment Installment
62
Assessments Paid Seller
27.63
Tax With Assessments
3832

Basement

Foundation Dimensions
28x54

More Information

Building Information

Finished SqFt Above Ground
1512
Finished SqFt Below Ground
1300

Income and Expenses

Annual Electric Expense
276
Annual Fuel Expense
1296
Annual Gross Expenses
6684
Annual Gross Income
27060
Annual Insurance Expense
2750
Annual Net Income
20376
Annual Trash Expense
766
Annual Water/Sewer Expense
1452
Total Annual Expenses
6684

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
36x22
Garage Door Height
7
Garage Door Width
8
Garage Square Feet
792

Unit 1

Furnished?
No
Leased?
Yes
Level
Main Level
Unit Number
Yes
Annual Rent
6780
Finished SqFt
700
Full Baths
Yes
Monthly Rent
565
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
5

Unit 2

Furnished?
No
Lease Expiration Date
2025-07-31
Leased?
Yes
Level
Main Level
Unit Number
2
Annual Rent
7020
Finished SqFt
700
Full Baths
Yes
Monthly Rent
585
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
5

Unit 3

Furnished?
No
Lease Expiration Date
2025-07-31
Leased?
Yes
Level
Below Ground
Unit Number
3
Annual Rent
6780
Finished SqFt
700
Full Baths
Yes
Monthly Rent
565
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
5

Unit 4

Furnished?
No
Leased?
Yes
Level
Below Ground
Unit Number
4
Annual Rent
6480
Finished SqFt
580
Full Baths
Yes
Monthly Rent
540
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
4

Unit Details

Total Units
4
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.

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