, Fargo, ND 58103 (MLS# 7072170)

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Fargo, ND 58103

$1,800,000

Property Type: Commercial Bedrooms: 3 Baths: 2 Square Footage: 24,872 Lot Size (sq. ft.): 46,174 Status: Active

Current Price: $1,800,000 List Date: 8/11/2026 Last Modified: 9/08/2026

Overview

Description

Opportunity Knocks! These opportunities do not hit the open market very often. Well Maintained 24 unit Building in the Heart of Fargo with a convenient location to Healthcare, Shopping, Interstate access. Nice Size units with 16 Two Bedroom 1 Bath and 8 One Bedroom 1 Bath Units all with a 24 Garage units. New Shingles on the Building and Garages in 2025. Many other updates to the units and grounds

Listing Details MLS# 7072170

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 10
Owner Occupied: No
Waterfront YN: No
Year Built: 1977
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 12436
Garage Stalls: 24
For Sale or Lease: For Sale
Acres: 1.06
Lot Dimensions: 170 x 268
Assessment Pending: Yes

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Amenities Shared: Coin-op Laundry Owned CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Commercial Exterior: Brick/Stone; Metal Foundation: Poured Concrete Fuel: Electric; Natural Gas Heating: Baseboard Lock Box Type: Supra On Site Utilities: Electric Separate Roof: Architectural Shingle Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Electricity Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 1800000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Fargo
County: Cass
State: ND
Zip Code: 58103
Complex/Dev/Subdivision: Arrowhead Estates

Assessments

Assessment Balance: 3237
Assessment Installment: 337
Tax With Assessments: 20596

Basement

Foundation Dimensions: Yes

More Information

Building Information

Building Finished SqFt: 24872
Building SqFt: 24872

Income and Expenses

Annual Electric Expense: 3456
Annual Gross Expenses: 76886
Annual Gross Income: 203256
Annual Insurance Expense: 15000
Annual Net Income: 126370
Annual Trash Expense: 1008
Annual Water/Sewer Expense: 6336

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: FMR

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building, Land

Unit 1

Unit Number: 101
Monthly Rent: 750
Full Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 5
Level: Main Level
Unit Total SqFt: 920
Leased?: Yes
Lease Expiration Date: 2027-03-31
No. of 1 Bedroom Units: 6

Unit 2

No. of 2 Bedroom Units: 18
Full Baths: Yes
Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: Main Level
Monthly Rent: 625
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Unit Number: 103
Unit Total SqFt: 850

Unit Details

Total Units: 24

Listing Office: HomeSmart Adventure Realty (DL)

Last Updated: September - 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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.