, Fargo, ND 58103 (MLS# 7136262)

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Fargo, ND 58103

$1,250,000

Property Type: Commercial Lot Size (sq. ft.): 33,977 Status: Active

Current Price: $1,250,000 List Date: 8/31/2026 Last Modified: 8/31/2026

Overview

Description

18-unit multifamily investment with 12 two-bedroom and six one-bedroom apartments. The property includes common-area laundry and approximately $300,000 in improvements completed over the past three years. Opportunity to self-manage, increase rents over time, and convert select units to midterm rentals. Financials available with a signed NDA. Owner has recently leased 2 bedroom apartments for $1000/month.

Listing Details MLS# 7136262

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 8
Waterfront YN: No
Year Built: 1975
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 5568
Garage Stalls: 12
For Sale or Lease: For Sale
Acres: 0.78
Lot Dimensions: 95 x 360
Assessment Pending: Unknown

Property Features

Accessible: Other CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Other Foundation: Concrete Perimeter Fuel: Other Heating: Baseboard On Site Utilities: Electric Separate Parking Characteristics: Uncovered/Open Sewer: City Sewer - In Street Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 1250000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Fargo
County: Cass
State: ND
Zip Code: 58103

Assessments

Tax With Assessments: 15113

Building Information

Building Finished SqFt: 16704

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Fixture/Equipment

Unit Details

Total Units: 18

Documents

Offering Memorandum - 1510 E Gateway Cir ›

Listing Office: Horizon Real Estate Group

Last Updated: August - 31 - 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.