1027 University Drive N, Fargo, ND 58102
$218,500
Property Type:
Multi-Family
Bedrooms:
6
Baths:
3
Square Footage:
2,480
Lot Size (sq. ft.):
6,992
Status:
Closed
Current Price:
$218,500
List Date:
10/02/2025
Last Modified:
1/27/2026
Overview
Description
Listing Details MLS# 6793861
General Property Information
- Lot Measurement
- Square Feet
- Multiple PIDs?
- No
- Owner Occupied
- No
- Waterfront YN
- No
- Year Built
- 1913
- Yearly/Seasonal
- Yearly
- Zoning
- Residential-Multi-Family
- Main Floor Total SqFt
- 960
- Above Ground SqFt
- 1680
- Below Grd Total SqFt
- 800
- Total SqFt
- 2480
- Foundation Size
- 800
- Lot Size SqFt
- 6992
- Style
- (MF) Duplex Up and Down
- Total Finished Sqft
- 2380.00
- Garage Stalls
- 2
- Lot Dimensions
- 50 x 140
Property Features
Accessible:
None
Basement:
Egress Windows; Full
Construction Status:
Previously Owned
Exterior:
Metal
Financing Terms:
Cash
Fuel:
Electric
Heating:
Forced Air
Lock Box Type:
Supra
Owner Pays:
Electricity; Sewer; Trash Collection; Water
Parking Characteristics:
Gravel Lot
Sewer:
City Sewer/Connected
Stories:
One and One Half
Unit 1 Appliances:
Microwave; Range; Refrigerator
Unit 1 Cooling:
Central
Unit 2 Appliances:
Dryer; Microwave; Range; Washer
Unit 2 Cooling:
Central
Unit 3 Appliances:
Microwave; Range; Refrigerator
Unit 3 Cooling:
Central
Water:
City Water/Connected
Contract Information
- Off Market Date
- 2025-10-15
- Contingency
- None
- Closed Date
- 2025-10-31
- Original List Price
- 225000
- ListPrice
- 225000
- Sales Close Price
- 218500
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- House Number
- 1027
- Street Name
- University
- Street Suffix
- Drive
- Street Direction Suffix
- N
- Postal City
- Fargo
- County
- Cass
- State
- ND
- Zip Code
- 58102
- Complex/Dev/Subdivision
- Chapins - Hobson
Assessments
- Assessment Balance
- 14660.92
- Assessment Installment
- 2107.94
- Tax With Assessments
- 5217
Building Information
- Finished SqFt Above Ground
- 1680
- Finished SqFt Below Ground
- 700
More Information
Income and Expenses
- Annual Electric Expense
- 3600
- Annual Gross Expenses
- 8980
- Annual Gross Income
- 27540
- Annual Insurance Expense
- 3000
- Annual Maintenance Expense
- 500
- Annual Net Income
- 18560
- Annual Repair Expense
- 500
- Annual Trash Expense
- 690
- Annual Water/Sewer Expense
- 690
- Total Annual Expenses
- 8980
- Annual Caretaker Expense
- 0
- Annual Fuel Expense
- 0
Lease Details
- Land Leased
- Not Applicable
Lock Box Type
- Lock Box Source
- FMR
- Supra
- Yes
Miscellaneous Information
- DP Resource
- Yes
- Homestead
- No
Ownership
- Fractional Ownership
- No
Parking Characteristics
- Garage Dimensions
- 24 x 24
- Garage Square Feet
- 576
- Gravel Lot
- Yes
Unit 1
- Furnished?
- No
- Lease Expiration Date
- 2026-09-30
- Leased?
- Yes
- Level
- Main Level
- Unit Number
- Yes
- Annual Rent
- 8520
- Finished SqFt
- 960
- Full Baths
- Yes
- Monthly Expense
- 2994
- Monthly Rent
- 710
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 2
- Total Rooms
- 5
Unit 2
- Furnished?
- No
- Lease Expiration Date
- 2026-09-30
- Leased?
- Yes
- Level
- Below Ground
- Unit Number
- 2
- Annual Rent
- 8520
- Finished SqFt
- 700
- Full Baths
- Yes
- Monthly Expense
- 2993
- Monthly Rent
- 710
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 2
- Total Rooms
- 5
Unit 3
- Furnished?
- No
- Lease Expiration Date
- 2026-11-30
- Leased?
- Yes
- Level
- 2nd Level
- Unit Number
- 3
- Annual Rent
- 10500
- Finished SqFt
- 800
- Full Baths
- Yes
- Monthly Expense
- 2993
- Monthly Rent
- 875
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 2
- Total Rooms
- 5
Unit Details
- Total Units
- 3
Office/Member Info
- Association
- FMR
Location, Tax and Other Information
- Legal Description
- CHAPINS-HOBSONS SUB LOT 7 BLK 10
- Listing City
- Fargo
- Map Page
- 999
- Municipality
- Fargo
- School District
- Fargo
- Zip Plus 4
- 3548
- Property ID Number
- 01044001820000
- Tax Year
- 2024
- Tax Amount
- 5166.44
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- Dont miss out on this great investment property close to NDSU and downtown. The property is currently leased as a duplex with the main level and basement units rented together. They share the double garage and the washer/dryer located in the basement unit. The property can also be rented as three separate units as the basement unit can be locked off from the main floor unit and has a separate exterior entrance. The upper level unit has off street parking. Each of the three units has 2 bedrooms and 1 bathroom. City of Fargo sewer project has recently been completed in this area. Current leases have owner paying utilities.
- Directions
- 1027 University Dr N. Parking available in driveway or side streets.
Accessible
- None
- Yes
Basement
- Egress Windows
- Yes
- Full
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Metal
- Yes
Financing Terms
- Cash
- Yes
Fuel
- Electric
- Yes
Heating
- Forced Air
- Yes
Owner Pays
- Electricity
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Sewer
- City Sewer/Connected
- Yes
Stories
- One and One Half
- Yes
Water
- City Water/Connected
- Yes
Unit 1 Appliances
- Microwave
- Yes
- Range
- Yes
- Refrigerator
- Yes
Unit 1 Cooling
- Central
- Yes
Unit 2 Appliances
- Dryer
- Yes
- Microwave
- Yes
- Range
- Yes
- Washer
- Yes
Unit 2 Cooling
- Central
- Yes
Unit 3 Appliances
- Microwave
- Yes
- Range
- Yes
- Refrigerator
- Yes
Unit 3 Cooling
- Central
- Yes
1027 University Dr N - Seller's Property ›
Listing Office:
Park Co., REALTORS®
Last Updated: January - 27 - 2026
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