Find Your Dream Home: Search 10,000+ Homes for Sale

1114 College Street N, Fargo, ND 58102

$212,500

Property Type: Multi-Family Bedrooms: 7 Baths: 3 Square Footage: 2,448 Lot Size (sq. ft.): 6,970 Status: Closed

Current Price: $212,500 List Date: 6/21/2024 Last Modified: 10/01/2025

Overview

Description

Triplex with great rental history located one block from NDSU. All three units are updated, and new water heaters were put in this year. Two units have 2 bedrooms/1 bath and third unit has three bedrooms/one bath. Separate electric for all units and off-street parking. This property presents a great opportunity for seasoned investors or those just entering the rental market. All three units under lease with a monthly rent of $2,250. Please provide a 24-hour notice for all showing requests.

Listing Details MLS# 6556965

General Property Information

# Carport Spaces: 7
Lot Measurement: Acres
Lowest Rental Unit: Garden Level
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1922
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 816
Above Ground SqFt: 1632
Below Grd Total SqFt: 816
Total SqFt: 2448
Foundation Size: 816
Style: (MF) Triplex
Total Finished Sqft: 2448.00
Lot Dimensions: 50x140
Acres: 0.16
Garage Stalls: 0

Property Features

Accessible: None Construction Materials: Block Construction Status: Previously Owned Disclosures: Leases Available Exterior: Cement Board Financing Terms: Conventional Flooring: Hardwood; Luxury Vinyl Tile Fuel: Electric Heating: Baseboard Laundry: None Lock Box Type: Supra Lot Description: Tree Coverage - Light Owner Pays: Snow Removal; Trash Collection; Water Parking Characteristics: Parking Lot; Uncovered/Open Possession: Lease Out Stand; Tenants Rights Rental License Type: Standard Road Frontage: City Street Roof: Architectural Shingle Sewer: City Sewer/Connected Showing Requirements: 24 Hour Notice; Appointment Only; Lockbox; See Remarks Stories: Two Tenant Pays: Cable TV; Electricity; Lawn Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Bath Description: 3/4 Primary Unit 1 Cooling: None Unit 1 Family Room Characteristics: Family Room Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Cooling: Window Unit 3 Appliances: Dishwasher; Range; Refrigerator Unit 3 Cooling: Window Water: City Water/Connected

Contract Information

Digitally Altered Photos: No
Off Market Date: 2025-01-21
Contingency: None
Closed Date: 2025-02-18
Original List Price: 245000
ListPrice: 230000
Sales Close Price: 212500
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1114
Street Name: College
Street Suffix: Street
Street Direction Suffix: N
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58102
Complex/Dev/Subdivision: Kirkhams 2nd

Assessments

Assessment Balance: 3429.95
Assessment Installment: 470.62
Assessments Paid Seller: 69.61
Tax With Assessments: 3155.88

Building Information

Finished SqFt Above Ground: 1632
Finished SqFt Below Ground: 816

More Information

Income and Expenses

Annual Gross Expenses: 8000
Annual Gross Income: 27600
Annual Insurance Expense: 850
Annual Maintenance Expense: 2000
Annual Net Income: 19600
Annual Repair Expense: 1500
Annual Trash Expense: 450
Annual Water/Sewer Expense: 360
Total Annual Expenses: 8000
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 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

Unit 1

Furnished?: No
Leased?: Yes
Level: Below Ground
Unit Number: Yes
3/4 Baths: Yes
Annual Rent: 8700
Finished SqFt: 800
Monthly Expense: 230
Monthly Rent: 725
No. of Units Like This: Yes
Oth Parking Spaces: 2
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Lease Expiration Date: 2024-12-31
Leased?: Yes
Level: 2nd Level
Unit Number: 2
3/4 Baths: Yes
Annual Rent: 8700
Finished SqFt: 800
Monthly Expense: 230
Monthly Rent: 725
No. of Units Like This: Yes
Oth Parking Spaces: 2
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 3

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 3
Annual Rent: 10200
Finished SqFt: 832
Full Baths: Yes
Monthly Expense: 230
Monthly Rent: 850
No. of Units Like This: Yes
Oth Parking Spaces: 3
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 6

Unit Details

Total Units: 3

Office/Member Info

Association: FMR

Location, Tax and Other Information

Legal Description: KIRKHAMS 2ND LOT 7 BLK 13
Listing City: Fargo
Map Page: 999
Municipality: Fargo
School District: Fargo
Zip Plus 4: 4345
Property ID Number: 01164001700000
Square Footage Source: County Records
Tax Year: 2023
Tax Amount: 2684.27
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Triplex with great rental history located one block from NDSU. All three units are updated, and new water heaters were put in this year. Two units have 2 bedrooms/1 bath and third unit has three bedrooms/one bath. Separate electric for all units and off-street parking. This property presents a great opportunity for seasoned investors or those just entering the rental market. All three units under lease with a monthly rent of $2,250. Please provide a 24-hour notice for all showing requests.

Accessible

None: Yes

Construction Materials

Block: Yes

Construction Status

Previously Owned: Yes

Disclosures

Leases Available: Yes

Exterior

Cement Board: Yes

Financing Terms

Conventional: Yes

Flooring

Hardwood: Yes
Luxury Vinyl Tile: Yes

Fuel

Electric: Yes

Heating

Baseboard: Yes

Laundry

None: Yes

Lot Description

Tree Coverage - Light: Yes

Owner Pays

Snow Removal: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes
Uncovered/Open: Yes

Possession

Lease Out Stand: Yes
Tenants Rights: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Roof

Architectural Shingle: Yes

Sewer

City Sewer/Connected: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Lockbox: Yes
See Remarks: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Three: Yes

No. of Refrigerators

Three: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Lawn: Yes

Unit 1 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

3/4 Primary: Yes

Unit 1 Cooling

None: Yes

Unit 1 Family Room Characteristics

Family Room: Yes

Unit 2 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Cooling

Window: Yes

Unit 3 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Cooling

Window: Yes

Listing Office: Beyond Realty

Last Updated: October - 01 - 2025

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.