1115/1117/1121 2nd Avenue S, Fargo, ND 58103
$380,000
Property Type:
Commercial
Lot Size (sq. ft.):
6,970
Status:
Closed
Current Price:
$380,000
List Date:
9/14/2025
Last Modified:
10/10/2025
Description
Motivated Seller...80k Price Drop
10-plex at $50k/unit!
ATTENTION INVESTORS
1115/1117 and 1121 are being offered together for a total of 10 units. This is a classic, operational value-add opportunity. The current owner has already done the heavy lifting—removing problem tenants and turning units rent-ready—positioning the next owner to benefit from increased occupancy and stabilized income. Tenants pay for electric heat at 1115 and 1117.
Offer consists of two multifamily buildings, an ample paved parking lot, plus a 2-car detached garage.
More Information MLS# 6698091
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2025-09-20
Current Price: $380,000
Closed Date: 2025-10-03
Sales Close Price: 380000
Contingency: None
ListPrice: 500000
List Date: 2025-04-05
Office/Member Info
Association: FMR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 10
Owner Occupied: No
Year Built: 1902
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 100X140
Acres: 0.16
Foundation Size: 3000
Garage Stalls: 2
Management Company Phone: 408-981-9099
For Sale or Lease: For Sale
Location, Tax and Other Information
Legal Description: ORIGINAL TOWNSITE LOT 8 BLK 14
Listing City: Fargo
Map Page: 999
Municipality: Fargo
Zip Plus 4: 7126
Property ID Number: 01224001930000
Tax Year: 2024
Tax Amount: 6300.58
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Motivated Seller...80k Price Drop
10-plex at $50k/unit!
ATTENTION INVESTORS
1115/1117 and 1121 are being offered together for a total of 10 units. This is a classic, operational value-add opportunity. The current owner has already done the heavy lifting—removing problem tenants and turning units rent-ready—positioning the next owner to benefit from increased occupancy and stabilized income. Tenants pay for electric heat at 1115 and 1117.
Offer consists of two multifamily buildings, an ample paved parking lot, plus a 2-car detached garage.
Directions: At the corner of 2nd Ave S and 11th St S
Accessible
None: 1
Additional Parcels Information
Property ID #2: 01224001940000
Assessments
Assessment Balance: 3150.29
Assessment Installment: 1257.66
Tax With Assessments: 7683.28
Building Information
Building Finished SqFt: 5816
Building SqFt: 6716
Construction Status
Previously Owned: 1
Exterior
Aluminum Siding: 1
Financing Terms
Cash: 1
Foundation
8 ft+ Pour: 1
Fuel
Electric: 1
Natural Gas: 1
Heating
Baseboard: 1
Boiler: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
None: 1
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Unassigned: 1
Public Survey Info
Section#: Lot 8, Block 14
Rental License Type
Standard: 1
Sale Options
Sale Includes: Building, Land, Leases
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Unit 1
No. of 1 Bedroom Units: 7
Unit Details
Total Units: 10
Water
City Water/Connected: 1
Unit 2
No. of 2 Bedroom Units: 3
On Site Utilities
Electric Common: 1
Electric Separate: 1
Heating Common: 1
CMU Style
Apartments/Multi Family: 1
Low Rise: 1
Current Use
Residential: 1
Location Tax and Other Information
House Number: 1115/1117/1121
Street Name: 2nd
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58103
Complex/Dev/Subdivision: Original Townsite
Property Features
Accessible: None
CMU Style: Apartments/Multi Family; Low Rise
Construction Status: Previously Owned
Current Use: Residential
Exterior: Aluminum Siding
Financing Terms: Cash
Foundation: 8 ft+ Pour
Fuel: Electric; Natural Gas
Heating: Baseboard; Boiler
Lock Box Type: None
On Site Utilities: Electric Common; Electric Separate; Heating Common
Parking Characteristics: Parking Lot; Unassigned
Rental License Type: Standard
Sewer: City Sewer/Connected
Stories: Two
Water: City Water/Connected
Listing Office: Daybreak Property Management, LLC
Last Updated: October - 10 - 2025
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