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 ...

Listing Details MLS# 7019752

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront Present
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
Garage Stalls
0

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 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
Assessment Balance
0

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
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Gross Expenses
0
Annual Insurance Expense
0
Annual Maintenance Expense
0
Annual Net Income
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
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

Office/Member Info

Association
FMR

Location, Tax and Other Information

High School
Fargo North
Legal Description
KEENEY & DEVITTS 2ND ALL LOT 1 BLK 36 LESS N 12.30'
Listing City
Fargo
Map Page
999
Municipality
Fargo
School District
Fargo
Zip Plus 4
2750
Property ID Number
01154002820000
Tax Year
2025
Tax Amount
2857.48
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
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 available unit. The property maintains consistently strong occupancy, and vacancies are infrequent and fill quickly. Owner/Agent.
Directions
Intersection of 5th St N and 6th Ave N in downtown Fargo

Accessible

None
Yes

Amenities Shared

Coin-op Laundry Owned
Yes

Construction Materials

Frame
Yes

Construction Status

Previously Owned
Yes

Electric

100 Amp Service
Yes

Existing Financing

Conventional
Yes

Exterior

Cement Board
Yes

Financing Terms

Conventional
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes

Laundry

Common Area
Yes

Lock Box Type

Combo
Yes

Lot Description

Zero Lot Line
Yes

Owner Pays

Heat
Yes
Sewer
Yes
Trash Collection
Yes
Water
Yes

Patio, Porch and Deck Features

Porch
Yes

Pool Description

None
Yes

Rental License Type

Standard
Yes

Road Frontage

None
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

No. of Ranges

Four
Yes

No. of Refrigerators

Four
Yes

Tenant Pays

Electricity
Yes

Unit 1 Appliances

Dishwasher
Yes
Range
Yes
Refrigerator
Yes

Unit 1 Bath Description

Main Floor Full Bath
Yes

Unit 1 Cooling

Window
Yes

Unit 1 Dining Room Description

Living/Dining Room
Yes

Unit 2 Appliances

Dishwasher
Yes
Range
Yes
Refrigerator
Yes

Unit 2 Cooling

Window
Yes

Unit 3 Appliances

Range
Yes
Refrigerator
Yes

Unit 3 Cooling

Window
Yes

Unit 4 Appliances

Range
Yes
Refrigerator
Yes

Unit 4 Cooling

None
Yes
IDX
Listing Office: Dakota Plains Realty
Last Updated: April - 08 - 2026
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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Starts in :

00
Days
00
Hours
00
Minutes
00
Seconds