$315,000
Fargo, ND 58103
MLS# 7052442
8 beds | 4 baths | 4092 sqft
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Property Description
Rare on-market 4plex investment opportunity near Sanford university & interstate. Building was acquired as part of a large portfolio purchase. INVESTOR INFO: All units are 2 bed/1bath. Additional storage units on top floor hallways. Building does NOT have garages, just parking. Photos are generic photos from turned units. Unit 1: $714 lease thru 7/31/26 Unit 2: 782 lease thru 4/30/27 Unit 3: $692 lease thru 3/31/27 Unit 4: $757 lease thru 10/31/26 Market rent roll for this building: $2945/mo ADDITIONAL INCOME Property does have RUBS implemented AKA tenants pay their own utilities on a ratio billing system. Transferrable to next owner. In February approx $300 was collected from tenants in utility reimbursement/income Property does have laundry income. EXPENSES: Property Management: Buyer can estimate Insurance: Buyer can estimate, many carriers in ND differ on pricing and coverage. Utilities: Buyer to project and plan for themselves. Water/Sewer/garbage/Gas averaged $278/mo last year. Snow & Lawn: Buyer can quote and estimate, cost can vary. Repairs & Maintenance: Unit turns and property improvements can be estimated by buyer. More in-depth costs can be shared with buyer as part of a due diligence. SHOWINGS: Unit 1 in building 1809 is empty and available for showings. This is the only unit available for showing. Other units will be made available during due diligence with contracted buyer.
Details
Maps
Documents
Contract Information
Owner is an Agent?: Yes
Auction?: No
Status: Active
Contingency: None
Current Price: $315,000
Original List Price: 329000
ListPrice: 315000
List Date: 2026-04-09
Office/Member Info
Association: FMR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1957
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 70x150
Acres: 0.24
Main Floor Total SqFt: 2046
Below Grd Total SqFt: 2046
Above Ground SqFt: 2046
Total SqFt: 4092
Total Finished Sqft: 4092.00
Foundation Size: 2046
Style: (MF) Four Plex
Garage Stalls: 0
Assessment Pending: No
Bedrooms: 8
Baths Total: 4
Location, Tax and Other Information
High School: Fargo South
Legal Description: BOHNSACKS 2ND S 3' OF LOT 2 BLK 8 AND ALL OF LOT 3 & N 2' OF LOT 4
Listing City: Fargo
Map Page: 999
Municipality: Fargo
School District: Fargo
Zip Plus 4: 9153
Property ID Number: 01016201330000
Tax Year: 2025
Tax Amount: 3851.24
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Rare on-market 4plex investment opportunity near Sanford university & interstate. Building was acquired as part of a large portfolio purchase. INVESTOR INFO: All units are 2 bed/1bath. Additional storage units on top floor hallways. Building does NOT have garages, just parking. Photos are generic photos from turned units.
Unit 1: $714 lease thru 7/31/26
Unit 2: 782 lease thru 4/30/27
Unit 3: $692 lease thru 3/31/27
Unit 4: $757 lease thru 10/31/26
Market rent roll for this building: $2945/mo ADDITIONAL INCOME Property does have RUBS implemented AKA tenants pay their own utilities on a ratio billing system. Transferrable to next owner. In February approx $300 was collected from tenants in utility reimbursement/income Property does have laundry income.
EXPENSES: Property Management: Buyer can estimate Insurance: Buyer can estimate, many carriers in ND differ on pricing and coverage. Utilities: Buyer to project and plan for themselves. Water/Sewer/garbage/Gas averaged $278/mo last year. Snow & Lawn: Buyer can quote and estimate, cost can vary. Repairs & Maintenance: Unit turns and property improvements can be estimated by buyer. More in-depth costs can be shared with buyer as part of a due diligence. SHOWINGS: Unit 1 in building 1809 is empty and available for showings. This is the only unit available for showing. Other units will be made available during due diligence with contracted buyer.
Directions: 13 1/2
Accessible
None: 1
Amenities Shared
Coin-op Laundry Owned: 1
Assessments
Assessment Balance: 6467.9
Assessment Installment: 733.33
Tax With Assessments: 4585
Basement
Other: 1
Building Information
Finished SqFt Above Ground: 2046
Finished SqFt Below Ground: 2046
Construction Status
Previously Owned: 1
Exterior
Vinyl: 1
Foundation
Other: 1
Fuel
Natural Gas: 1
Heating
Boiler: 1
Laundry
Lower Level: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: FMR
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Gravel Lot: 1
Rental License Type
Standard: 1
Roof
Architectural Shingle: 1
Sewer
City Sewer/Connected: 1
Unit 1
Furnished?: No
Lease Expiration Date: 2026-07-31
Leased?: Yes
Level: Below Ground
Unit Number: 1
Monthly Rent: 714
Full Baths: 1
Total Rooms: 6
Annual Rent: 8568
Finished SqFt: 960
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Unit Details
Total Units: 4
Water
City Water/Connected: 1
Income and Expenses
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 35340
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0
No. of Ranges
Four: 1
No. of Refrigerators
Four: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Bath Description
Main Floor Full Bath: 1
Unit 1 Cooling
Wall: 1
Unit 2
Furnished?: No
Lease Expiration Date: 2027-04-30
Leased?: Yes
Level: Below Ground
Unit Number: 2
Annual Rent: 9384
Finished SqFt: 960
Full Baths: 1
Monthly Rent: 782
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Unit 2 Cooling
Wall: 1
Unit 3
Furnished?: No
Lease Expiration Date: 2027-03-31
Leased?: Yes
Level: 2nd Level
Unit Number: 3
Annual Rent: 8304
Finished SqFt: 960
Full Baths: 1
Monthly Rent: 692
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Unit 3 Cooling
Wall: 1
Unit 4
Furnished?: No
Lease Expiration Date: 2026-10-31
Leased?: Yes
Level: 2nd Level
Unit Number: 4
Annual Rent: 9084
Finished SqFt: 960
Full Baths: 1
Monthly Rent: 757
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Unit 4 Cooling
Wall: 1
Location Tax and Other Information
House Number: 1809
Street Name: 13 1/2
Street Suffix: Street
Street Direction Suffix: S
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58103
Complex/Dev/Subdivision: Bohnsacks 2nd
Property Features
Accessible: None
Amenities Shared: Coin-op Laundry Owned
Basement: Other
Construction Status: Previously Owned
Exterior: Vinyl
Foundation: Other
Fuel: Natural Gas
Heating: Boiler
Laundry: Lower Level
Parking Characteristics: Parking Lot; Gravel Lot
Rental License Type: Standard
Roof: Architectural Shingle
Sewer: City Sewer/Connected
Unit 1 Appliances: Range; Refrigerator
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: Wall
Unit 2 Cooling: Wall
Unit 3 Cooling: Wall
Unit 4 Cooling: Wall
Water: City Water/Connected
Lead-Based Paint Disclosure (26) (1).pdf 
Listing Office: REAL (3961 WF)
Last Updated: August - 24 - 2026
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