UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Chapins - Hobson
MLS Listing ID 7033354
Bedrooms 11
Year Built 1890
Annual Tax Amount $4,878
Tax Year 2025
Contingent None
Lot Size 5,880 Sqft
Lot Dimensions 74.9x79
Property Description
Investors looking for a straightforward, cash-flowing multifamily asset should take a closer look at this 11-unit property located just minutes from NDSU in North Fargo. Offered at an 8% cap rate, this property provides immediate income with a proven rental history and a manageable operating profile.
The property features a strong mix of studio, one-bedroom, and two-bedroom units, creating a diversified tenant base that appeals to students, young professionals, and workforce renters. With leases in place and consistent rental demand, investors can step into an established operation without taking on a heavy repositioning or value-add project.
The appeal here is simplicity: a low-stress, easy-to-maintain property designed to produce cash flow from day one. For investors who prefer a stabilized asset over a renovation-heavy project, this is an opportunity to acquire an income-producing property in a proven North Fargo rental location.
Situated near North Dakota State University, downtown Fargo, major employment centers, and public transportation routes, the property benefits from convenient access to many of the area's key amenities and employment drivers.
Whether you're adding to an existing portfolio or looking for a manageable multifamily investment, this property offers an attractive combination of an 8% cap rate, immediate cash flow, established rental history, and long-term investment potential.
Location
State ND
County Cass
Zoning Residential-Multi-Family
Rooms
Family Room Other
Basement Finished, Full
Interior
Heating Boiler
Cooling Wall Unit(s)
Flooring Carpet, Tile
Inclusions Building
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Range, Refrigerator
Exterior
Parking Features On-Street Parking Only, Parking Lot
Fence None
Pool None
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Asphalt
Present Use Residential
Building
Lot Description Corner Lot
Story Two
Foundation 1650
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Fargo
Nearby School & Business
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