1027 University Drive N, Fargo, ND 58102
$225,000



















Property Type:
Multi-Family
Bedrooms:
6
Baths:
3
Square Footage:
2,480
Lot Size (sq. ft.):
6,992
Status:
Active
Current Price:
$225,000
List Date:
10/02/2025
Last Modified:
10/10/2025
Description
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.
More Information MLS# 6793861
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: Inspection
Current Price: $225,000
Original List Price: 225000
ListPrice: 225000
List Date: 2025-10-01
Office/Member Info
Association: FMR
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1913
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 50 x 140
Main Floor Total SqFt: 960
Below Grd Total SqFt: 800
Above Ground SqFt: 1680
Total Finished Sqft: 2380.00
Foundation Size: 800
Style: (MF) Duplex Up and Down
Garage Stalls: 2
Bedrooms: 6
Baths Total: 3
Total SqFt: 2480
Location, Tax and Other Information
Legal Description: CHAPINS-HOBSONS SUB LOT 7 BLK 10
Listing City: Fargo
Map Page: 999
Municipality: 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: 1
Assessments
Assessment Balance: 14660.92
Assessment Installment: 2107.94
Tax With Assessments: 5217
Basement
Egress Windows: 1
Full: 1
Building Information
Finished SqFt Above Ground: 1680
Finished SqFt Below Ground: 700
Construction Status
Previously Owned: 1
Exterior
Metal: 1
Foundation
8 ft+ Pour: 1
Fuel
Electric: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: FMR
Supra: 1
Miscellaneous Information
DP Resource: Yes
Homestead: No
Owner Pays
Electricity: 1
Sewer: 1
Trash Collection: 1
Water: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 24 x 24
Garage Square Feet: 576
Gravel Lot: 1
Sewer
City Sewer/Connected: 1
Stories
One and One Half: 1
Unit 1
Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Unit Number: 1
Monthly Rent: 710
Full Baths: 1
Total Rooms: 5
Annual Rent: 8520
Finished SqFt: 960
Monthly Expense: 2994
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Unit Details
Total Units: 3
Water
City Water/Connected: 1
Income and Expenses
Annual Caretaker Expense: 0
Annual Electric Expense: 3600
Annual Fuel Expense: 0
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
Unit 1 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Unit 1 Cooling
Central: 1
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: 1
Monthly Expense: 2993
Monthly Rent: 710
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 5
Unit 2 Appliances
Dryer: 1
Microwave: 1
Range: 1
Washer: 1
Unit 2 Cooling
Central: 1
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: 1
Monthly Expense: 2993
Monthly Rent: 875
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 5
Unit 3 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Unit 3 Cooling
Central: 1
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
Property Features
Accessible: None
Basement: Egress Windows; Full
Construction Status: Previously Owned
Exterior: Metal
Foundation: 8 ft+ Pour
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
Listing Office: Park Co., REALTORS®
Last Updated: October - 10 - 2025

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