601 5th Street N, Fargo, ND 58102 (MLS# 7019752)

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601 5th Street N, Fargo, ND 58102

$250,000

Property Type: Multi-Family Bedrooms: 6 Baths: 4 Square Footage: 2,959 Lot Size (sq. ft.): 2,178 Status: Closed

Current Price: $250,000 List Date: 2/13/2026 Last Modified: 4/08/2026

Overview

Description

Located at 601 5th St N, this high-occupancy 4-unit property sits just steps from the heart of downtown Fargo, offering exceptional access to restaurants, shopping, parks, and Sanford Downtown Medical Center. The building has a strong rental history with well-maintained units, making it a dependable income-producing asset with immediate upside potential. Recent updates include a new water heater and basement wall bracing (2017), new roof and renovated bathroom (2020), new windows (2022), and upgrading electrical service to 100 amp (2025). The main level bathroom was completely renovated, and the original cast iron stack and galvanized piping to upper unit fixtures were replaced with PVC. Two parking spaces are located on the east side of the building, with additional on-street parking available in front. There is potential to vacate both the alley and the remaining segment of 5th St N to create dedicated off-street parking. Opportunity for owner-occupancy with one upcoming availab ... (Read more)

Listing Details MLS# 7019752

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1905
Yearly/Seasonal: Yearly
Zoning: Other
Main Floor Total SqFt: 971
Above Ground SqFt: 1988
Below Grd Total SqFt: 971
Total SqFt: 2959
Foundation Size: 971
Style: (MF) Four Plex
Total Finished Sqft: 2033.00
Lot Dimensions: 65x50
Acres: 0.05

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned Construction Materials: Frame Construction Status: Previously Owned Electric: 100 Amp Service Existing Financing: Conventional Exterior: Cement Board Financing Terms: Conventional Foundation: Poured Concrete Fuel: Natural Gas Heating: Boiler Laundry: Common Area Lock Box Type: Combo Lot Description: Zero Lot Line Owner Pays: Heat; Sewer; Trash Collection; Water Pool Description: None Rental License Type: Standard Road Frontage: None Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Window Unit 1 Dining Room Description: Living/Dining Room Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Cooling: Window Unit 3 Appliances: Range; Refrigerator Unit 3 Cooling: Window Unit 4 Appliances: Range; Refrigerator Unit 4 Cooling: None Water: City Water/Connected

Contract Information

Exclusions: Tenant personal property
Off Market Date: 2026-04-01
Contingency: None
Closed Date: 2026-04-01
Original List Price: 244900
ListPrice: 244900
Sales Close Price: 250000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 601
Street Name: 5th
Street Suffix: Street
Street Direction Suffix: N
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58102
Complex/Dev/Subdivision: Keeney & Devitts 2nd

Assessments

Assessment Installment: 396.17
Tax With Assessments: 3110.78

Basement

Foundation Dimensions: 37.7x65

More Information

Building Information

Finished SqFt Above Ground: 1704
Finished SqFt Below Ground: 329

Income and Expenses

Annual Gross Income: 32255

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Unit 1

Furnished?: No
Lease Expiration Date: 2025-07-31
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 12000
Finished SqFt: 971
Full Baths: Yes
Monthly Rent: 1000
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 7

Unit 2

Furnished?: No
Lease Expiration Date: 2026-02-28
Leased?: Yes
Unit Number: 2
Annual Rent: 7320
Finished SqFt: 391
Full Baths: Yes
Monthly Rent: 610
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 3

Unit 3

Furnished?: No
Lease Expiration Date: 2026-03-31
Leased?: Yes
Unit Number: 3
Annual Rent: 7140
Finished SqFt: 342
Full Baths: Yes
Monthly Rent: 595
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 3

Unit 4

Furnished?: No
Lease Expiration Date: 2025-04-30
Leased?: Yes
Unit Number: 4
Annual Rent: 5760
Finished SqFt: 329
Full Baths: Yes
Monthly Rent: 480
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 3

Unit Details

Total Units: 4

Listing Office: Dakota Plains Realty

Last Updated: April - 08 - 2026

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