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

321 Morrison Street, West Fargo, ND 58078

$235,000

Public Outdoor Space just across the alley

Property Type: Multi-Family Bedrooms: 5 Baths: 2 Square Footage: 2,208 Lot Size (sq. ft.): 6,970 Status: Closed

Current Price: $235,000 List Date: 1/29/2025 Last Modified: 10/01/2025

Overview

Description

Fantastic Investment Opportunity & Versatile Property! This duplex boasts a strong rental history and offers a range of possibilities. Whether you're seeking a solid investment, an owner-occupied home, or a space to customize, this property is an excellent choice. Currently fully rented, with the option to extend leases for continued income. Located in a prime downtown location, residents enjoy convenient access to schools, shopping, healthcare, and a variety of amenities. The property can be purchased individually or as part of a package with the 4-plex next door at 322 4th Ave (MLS #6652797). Don’t miss out on this opportunity!

Listing Details MLS# 6652715

General Property Information

Lot Measurement: Acres
Lowest Rental Unit: Below Grade
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1976
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1104
Above Ground SqFt: 1104
Below Grd Total SqFt: 1104
Total SqFt: 2208
Foundation Size: 1104
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2024.00
Garage Stalls: 3
Lot Dimensions: 50x140
Acres: 0.16

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned Assumable Loan: Not Assumable Basement: Full Construction Materials: Frame Construction Status: Previously Owned Disclosures: Leases Available; Seller's Disclosure Available Electric: Circuit Breakers Exterior: Brick/Stone; Wood Fencing: None Financing Terms: Conventional Flooring: Carpet; Linoleum Fuel: Natural Gas Heating: Boiler Laundry: Common Area; Laundry Room; Lower Level Lock Box Type: Supra Owner Pays: Heat; Trash Collection; Water Parking Characteristics: Driveway - Shared Possession: At Closing Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: City Sewer/Connected Showing Requirements: 24 Hour Notice; Call Listing Agent Tenant Pays: Electricity Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Cooling: Wall Unit 2 Appliances: Stainless Steel Appliances; Dishwasher; Microwave; Range; Refrigerator Unit 2 Cooling: Window Water: City Water/Connected

Contract Information

Digitally Altered Photos: No
Exclusions: Tenants personal property
Off Market Date: 2025-03-03
Contingency: None
Closed Date: 2025-03-18
Original List Price: 245000
ListPrice: 245000
Sales Close Price: 235000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 321
Street Name: Morrison
Street Suffix: Street
Postal City: West Fargo
County: Cass
State: ND
Zip Code: 58078
Complex/Dev/Subdivision: Francis 2nd

Assessments

Assessment Balance: 456.02
Assessment Installment: 62.63
Assessments Paid Seller: 25.48
Tax With Assessments: 2943

Basement

Foundation Dimensions: 46x24
Full: Yes

More Information

Building Information

Finished SqFt Above Ground: 1104
Finished SqFt Below Ground: 920

Income and Expenses

Annual Electric Expense: 396
Annual Fuel Expense: 672
Annual Gross Expenses: 4529
Annual Gross Income: 18180
Annual Insurance Expense: 1952
Annual Net Income: 13651
Annual Trash Expense: 393
Annual Water/Sewer Expense: 1044
Total Annual Expenses: 4529
Annual Caretaker Expense: 0
Annual Maintenance Expense: 0
Annual Repair 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: 26x30
Garage Door Height: 7
Garage Door Width: 8
Garage Square Feet: 780
Driveway - Shared: Yes

Unit 1

Furnished?: No
Lease Expiration Date: 2025-07-31
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 8940
Finished SqFt: 1000
Full Baths: Yes
Monthly Rent: 745
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 7

Unit 2

Furnished?: No
Lease Expiration Date: 2025-07-31
Leased?: Yes
Level: Below Ground
Unit Number: 2
Annual Rent: 9240
Finished SqFt: 900
Full Baths: Yes
Monthly Rent: 770
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 7

Unit Details

Total Units: 2

Office/Member Info

Association: FMR

Location, Tax and Other Information

High School: West Fargo
Legal Description: FRANCIS 2ND SUB LOT 15 BLK 6
Listing City: West Fargo
Map Page: 999
Municipality: Fargo
School District: West Fargo
Zip Plus 4: 1606
Property ID Number: 02070000480000
Square Footage Source: County Records
Tax Year: 2023
Tax Amount: 2881
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Fantastic Investment Opportunity & Versatile Property! This duplex boasts a strong rental history and offers a range of possibilities. Whether you're seeking a solid investment, an owner-occupied home, or a space to customize, this property is an excellent choice. Currently fully rented, with the option to extend leases for continued income. Located in a prime downtown location, residents enjoy convenient access to schools, shopping, healthcare, and a variety of amenities. The property can be purchased individually or as part of a package with the 4-plex next door at 322 4th Ave (MLS #6652797). Don’t miss out on this opportunity!

Accessible

None: Yes

Amenities Shared

Coin-op Laundry Owned: Yes

Assumable Loan

Not Assumable: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Disclosures

Leases Available: Yes
Seller's Disclosure Available: Yes

Electric

Circuit Breakers: Yes

Exterior

Brick/Stone: Yes
Wood: Yes

Fencing

None: Yes

Financing Terms

Conventional: Yes

Flooring

Carpet: Yes
Linoleum: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Laundry

Common Area: Yes
Laundry Room: Yes
Lower Level: Yes

Owner Pays

Heat: Yes
Trash Collection: Yes
Water: Yes

Possession

At Closing: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Electricity: Yes

Unit 1 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Cooling

Wall: Yes

Unit 2 Appliances

Stainless Steel Appliances: Yes
Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 2 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.