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1321 2nd Avenue S, Fargo, ND 58103

$289,900

Property Type: Multi-Family Bedrooms: 7 Baths: 4 Square Footage: 3,566 Lot Size (sq. ft.): 4,792 Status: Closed

Current Price: $289,900 List Date: 4/11/2025 Last Modified: 10/01/2025

Overview

Description

This well-maintained tri-plex is a fantastic investment opportunity with great income potential! One of the three units is currently rented, while units 2 & 3 are vacant, making it the perfect chance for an owner-occupant to choose a unit to move in and offset their mortgage with rental income. Located near downtown Fargo, this property offers tenants convenience and accessibility to shopping, dining, and entertainment. Off-street parking is available on-site, adding extra appeal for residents. Whether you're looking to expand your rental portfolio or find a home with built-in income potential, this versatile multi-family property is a must-see. Note: The seller prefers to sell this property along with the adjacent property at 1317 2nd Ave S. However, the seller is willing to sell separately if an access easement is recorded on the adjacent property for the benefit of this property at the buyer’s expense. Owner/Agent. Don’t miss out—schedule your showing today!

Listing Details MLS# 6687513

General Property Information

Lot Measurement: Acres
Lowest Rental Unit: Below Grade
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1910
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1540
Above Ground SqFt: 2026
Below Grd Total SqFt: 1540
Total SqFt: 3566
Foundation Size: 1540
Style: (MF) Triplex
Total Finished Sqft: 3566.00
Lot Dimensions: 44x151
Acres: 0.11
Garage Stalls: 0

Property Features

Accessible: None Amenities Shared: Other Construction Status: Previously Owned Disclosures: Leases Available; Seller's Disclosure Available Exterior: Steel Siding Financing Terms: Conventional Flooring: Carpet; Wood Foundation: Poured Concrete; Slab Fuel: Natural Gas Heating: Baseboard; Forced Air Laundry: Common Area Lock Box Type: Supra Owner Pays: Heat; Water Parking Characteristics: Uncovered/Open Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Showing Requirements: See Remarks Stories: Two Tenant Pays: Electricity Unit 1 Appliances: Dishwasher; Disposal; Range; Refrigerator Unit 1 Bath Description: Main Floor 1/2 Bath; Main Floor Full Bath Unit 1 Cooling: Wall Unit 2 Appliances: Dishwasher; Disposal; Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Wall Unit 3 Appliances: Dishwasher; Disposal; Range; Refrigerator Unit 3 Bath Description: Main Floor Full Bath Unit 3 Cooling: Wall Water: City Water/Connected

Contract Information

Digitally Altered Photos: No
Off Market Date: 2025-04-18
Contingency: None
Closed Date: 2025-06-09
Original List Price: 289900
ListPrice: 289900
Sales Close Price: 289900
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 1321
Street Name: 2nd
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Fargo
County: Cass
State: ND
Zip Code: 58103
Complex/Dev/Subdivision: Eddy & Fullers Outlots

Assessments

Assessment Balance: 746
Assessment Installment: 275
Assessments Paid Seller: 229.5
Tax With Assessments: 2741

Building Information

Finished SqFt Above Ground: 2026
Finished SqFt Below Ground: 1540

More Information

Income and Expenses

Annual Gross Income: 31960
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 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
Lease Expiration Date: 2025-10-31
Leased?: Yes
Level: Main Level
Unit Number: Yes
1/2 Baths: Yes
Annual Rent: 10080
Finished SqFt: 815
Full Baths: Yes
Monthly Rent: 840
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 2
Total Rooms: 2

Unit 2

Furnished?: No
Leased?: No
Level: Main Level
Unit Number: 2
Annual Rent: 11940
Finished SqFt: 1105
Full Baths: Yes
Monthly Rent: 995
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 3

Unit 3

Furnished?: No
Lease Expiration Date: 2025-03-31
Leased?: No
Level: Below Ground
Unit Number: 3
Annual Rent: 10140
Finished SqFt: 860
Full Baths: Yes
Monthly Rent: 845
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 2

Unit Details

Total Units: 3

Office/Member Info

Association: FMR

Location, Tax and Other Information

High School: Fargo North
Legal Description: EDDY & FULLERS AUDITORS OUTLOT E 43.68 FT OF LT E, LESS N 34 FT OF AUD OUTLOT 16 BLK 16 **2002 SPL FRM 01-0700-01010-000
Listing City: Fargo
Map Page: 999
Municipality: Fargo
School District: Fargo
Zip Plus 4: 2750
Property ID Number: 01070001015000
Square Footage Source: County Records
Tax Year: 2024
Tax Amount: 2741
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: This well-maintained tri-plex is a fantastic investment opportunity with great income potential! One of the three units is currently rented, while units 2 & 3 are vacant, making it the perfect chance for an owner-occupant to choose a unit to move in and offset their mortgage with rental income. Located near downtown Fargo, this property offers tenants convenience and accessibility to shopping, dining, and entertainment. Off-street parking is available on-site, adding extra appeal for residents. Whether you're looking to expand your rental portfolio or find a home with built-in income potential, this versatile multi-family property is a must-see. Note: The seller prefers to sell this property along with the adjacent property at 1317 2nd Ave S. However, the seller is willing to sell separately if an access easement is recorded on the adjacent property for the benefit of this property at the buyer’s expense. Owner/Agent. Don’t miss out—schedule your showing today!

Accessible

None: Yes

Amenities Shared

Other: Yes

Construction Status

Previously Owned: Yes

Disclosures

Leases Available: Yes
Seller's Disclosure Available: Yes

Exterior

Steel Siding: Yes

Financing Terms

Conventional: Yes

Flooring

Carpet: Yes
Wood: Yes

Foundation

Poured Concrete: Yes
Slab: Yes

Fuel

Natural Gas: Yes

Heating

Baseboard: Yes
Forced Air: Yes

Laundry

Common Area: Yes

Owner Pays

Heat: Yes
Water: Yes

Parking Characteristics

Uncovered/Open: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Showing Requirements

See Remarks: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

Tenant Pays

Electricity: Yes

Unit 1 Appliances

Dishwasher: Yes
Disposal: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor 1/2 Bath: Yes
Main Floor Full Bath: Yes

Unit 1 Cooling

Wall: Yes

Unit 2 Appliances

Dishwasher: Yes
Disposal: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Upper Level Full Bath: Yes

Unit 2 Cooling

Wall: Yes

Unit 3 Appliances

Dishwasher: Yes
Disposal: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Bath Description

Main Floor Full Bath: Yes

Unit 3 Cooling

Wall: Yes

Listing Office: Dakota Plains Realty

Last Updated: October - 01 - 2025

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