1002 5th Street N, Fargo, ND 58102 (MLS# 7017918)
$266,000
Fargo, ND 58102
MLS# 7017918
5 beds | 4 baths | 3305 sqft
1 / 25
Property Description
Fantastic Investment Opportunity in North Fargo! Well-located, fully rented 4-plex with a strong rental history and current monthly income of $3,325. All units have been freshly painted, and retro foam insulation was added in 2024, complete with a transferable lifetime warranty. The property features three 1-bedroom/1-bath units and one 2-bedroom/1-bath unit. Units 3 and 4 are furnished, and sellers will leave the furnishings as-is, adding immediate value and flexibility for investors. Tenants enjoy a 3-stall garage plus a wide driveway offering additional off-street parking. Recent updates include new refrigerators in Units 1 and 3, a new stove in Unit 2, new electric baseboard heating in the storage room, and a new washer in the shared laundry room. The gutters were professionally cleaned in 2024. A well-maintained, turn-key rental property ready to add to your portfolio! Call your favorite Realtor today!
Details
Maps
Documents
Contract Information
Exclusions: Tenants' personal property.
Status: Active
Contingency: None
Current Price: 266000
Original List Price: 309900
ListPrice: 266000
List Date: 2026-02-06
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 5
Baths Total: 4
Main Floor Total SqFt: 1250
Above Ground SqFt: 2405
Below Grd Total SqFt: 900
Total SqFt: 3305
Foundation Size: 900
Style: (MF) Four Plex
Total Finished Sqft: 2855.00
Garage Stalls: 3
Lot Dimensions: 49.5x140
Acres: 0.15
Assessment Pending: No
Location Tax and Other Information
House Number: 1002
Street Name: 5th
Street Suffix: Street
Street Direction Suffix: N
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58102
Complex/Dev/Subdivision: Truesdells 2nd
Assessments
Assessment Balance: 7998
Assessment Installment: 801
Tax With Assessments: 5025
Basement
Foundation Dimensions: 30x30
Building Information
Finished SqFt Above Ground: 2405
Finished SqFt Below Ground: 450
Income and Expenses
Annual Electric Expense: 2045
Annual Gross Expenses: 10155
Annual Gross Income: 39420
Annual Insurance Expense: 4014
Annual Maintenance Expense: 750
Annual Water/Sewer Expense: 2146
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
Garage Square Feet: 600
Unit 1
Furnished?: No
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: Main Level
Unit Number: 1
# of Fireplaces: 1
Annual Rent: 10560
Finished SqFt: 1000
Full Baths: 1
Monthly Rent: 880
No. of Units Like This: 1
Oth Parking Spaces: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 4
Unit 2
Furnished?: No
Lease Expiration Date: 2027-05-31
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 9120
Finished SqFt: 400
Full Baths: 1
Monthly Rent: 760
No. of Units Like This: 1
Oth Parking Spaces: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 3
Unit 3
Furnished?: Yes
Lease Expiration Date: 2026-07-04
Leased?: Yes
Level: 2nd Level
Unit Number: 3
Annual Rent: 11400
Full Baths: 1
Monthly Rent: 950
No. of Units Like This: 1
Oth Parking Spaces: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 3
Unit 4
Furnished?: Yes
Lease Expiration Date: 2026-09-02
Leased?: Yes
Level: Below Ground
Unit Number: 4
Annual Rent: 8220
Finished SqFt: 450
Full Baths: 1
Monthly Rent: 685
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 3
Unit Details
Total Units: 4
Property Features
Accessible: None
Amenities Shared: Coin-op Laundry Owned
Assumable Loan: Not Assumable
Basement: Concrete Block
Construction Materials: Brick
Construction Status: Previously Owned
Electric: Circuit Breakers
Existing Financing: Conventional
Exterior: Slate
Fencing: None
Foundation: Brick/Mortar
Fuel: Electric
Heating: Baseboard
Laundry: Common Area
Lock Box Type: Supra
Lot Description: Corner Lot
Owner Pays: Common Area Maintenance; Electricity; Exterior Maintenance; Gas; Hot Water; Insurance; Lawn; Other; Repairs; Sewer; Taxes; Trash Collection; Water
Pool Description: None
Road Frontage: None
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less; Asphalt Shingles
Sellers Terms: Cash; Conventional
Sewer: City Sewer - In Street
Stories: Two
Tenant Pays: Electricity; Heat
Unit 1 Appliances: Range; Refrigerator
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: Window
Unit 1 Dining Room Description: Informal Dining Room
Unit 1 Family Room Characteristics: Main Level
Unit 1 Fireplace Char: Wood Burning
Unit 2 Appliances: Range; Refrigerator
Unit 2 Bath Description: Upper Level Full Bath
Unit 2 Cooling: Window
Unit 3 Cooling: Window
Unit 4 Appliances: Range; Refrigerator
Unit 4 Cooling: Window
Water: City Water - In Street
SPD-1002.pdf Listing Office: REALTY XPERTS
Last Updated: May - 22 - 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.
Tuesday 26th of May 2026 01:08 PM
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