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Fargo, ND 58103

$401,000
Property Type: Commercial Bedrooms: 4 Baths: 7 Square Footage: 5,856 Lot Size (sq. ft.): 11,326 Status: Closed
Current Price: $401,000 List Date: 6/21/2026 Last Modified: 8/19/2026

Overview

Description

Excellent mixed-use investment opportunity in a convenient South Fargo location! This property features 6 fully rented residential units and 1 commercial space currently vacant—perfect for an investor looking to generate immediate rental income while also securing space for their own office or business. The property offers 13 parking spaces for tenants and customers. The residential tenants are long-term occupants who have been here for many years, providing stable tenancy and consistent income history. Conveniently located near major roads, shopping, dining, and everyday amenities, this property offers strong visibility, easy accessibility, and long-term investment potential. A rare opportunity for both investors and owner-occupants alike!

Listing Details MLS# 7096394

General Property Information

Lot Measurement
Acres
Management Company Name
Manager on site
Multiple PIDs?
No
Other Parking Spaces
13
Owner Occupied
No
Waterfront YN
No
Year Built
1989
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
2928
Management Company Phone
218-234-9512
For Sale or Lease
For Sale
Acres
0.26
Lot Dimensions
71' x 178' x 69' x 160'
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: None Amenities Shared: None Amenities Unit: None Appliances: Range; Refrigerator CMU Style: Mixed Use Construction Status: Previously Owned Current Use: Office; Residential Existing Financing: Free and Clear Exterior: Brick/Stone; Shakes Fencing: None Financing Terms: Conventional Flooring: Carpet; Vinyl/Linoleum Foundation: Other Fuel: Electric Heating: Baseboard Loan Terms: Cash; Conventional Lock Box Type: Combo Lot Description: Irregular Lot Miscellaneous Information: Building Sign On Site Utilities: Electric Common; Hot Water Common Owner Pays: All Utilities; Insurance; Maintenance/Repair; Management Parking Characteristics: Parking Lot Potential Use: Office; Other Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: City Sewer/Connected Stories: Two Tenant Pays: None Topography: Level Wall Description: Finished Water: City Water/Connected Window Features: Screens

Contract Information

Off Market Date
2026-07-17
Closed Date
2026-08-18
Sales Close Price
401000
Contingency
None
ListPrice
429900
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
Westrac

Assessments

Assessment Balance
1592
Assessment Installment
276
Tax With Assessments
6489

Building Information

Building Finished SqFt
5856
Building SqFt
5856

More Information

Income and Expenses

Annual Caretaker Expense
1800
Annual Electric Expense
8485.24
Annual Gross Expenses
29488
Annual Gross Income
67800
Annual Insurance Expense
6533
Annual Maintenance Expense
1500
Annual Net Income
38312
Annual Repair Expense
768
Annual Water/Sewer Expense
3914.88

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Land, Leases

Unit 1

Unit Number
Yes
Monthly Rent
950
Three-Quarter Baths
2
Total Bathrooms
2
Total Bedrooms
3
Total Rooms
5
Level
2nd Level
Leased?
Yes
Lease Expiration Date
2026-06-30
No. of 1 Bedroom Units
Yes

Unit 2

Lease Expiration Date
2026-06-30
Leased?
Yes
Level
Main Level
Monthly Rent
650
Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Rooms
Yes
Unit Number
3

Unit 3

No. of 3 Bedroom Units
Yes
Lease Expiration Date
2026-06-30
Leased?
Yes
Level
Main Level
Monthly Rent
650
Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Rooms
Yes
Unit Number
4

Unit 4

Lease Expiration Date
2026-06-30
Leased?
Yes
Level
2nd Level
Monthly Rent
700
Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
Yes
Total Rooms
2
Unit Number
6

Unit 5

Lease Expiration Date
2026-06-30
Leased?
Yes
Level
2nd Level
Monthly Rent
600
Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Rooms
Yes
Unit Number
7

Unit 6

Lease Expiration Date
2026-06-30
Leased?
Yes
Level
2nd Level
Monthly Rent
600
Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Rooms
Yes
Unit Number
8

Unit 7

Leased?
No
Level
Main Level
Unit Number
7

Unit Details

Total Units
7

Unit Information

No. of Efficiency Units
4
IDX
Listing Office: REALTY XPERTS
Last Updated: August - 19 - 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.
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