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$330,000
Est. payment /mo
6 Beds
4 Baths
6,864 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,864 sqft
Price per Sqft $48
Subdivision Chapins - Hanches
MLS Listing ID 7051084
Bedrooms 6
Year Built 1965
Annual Tax Amount $5,338
Tax Year 2025
Contingent None
Lot Size 6,882 Sqft
Lot Dimensions 6900 sq ft
Property Sub-Type Fourplex
Property Description
Cash-flowing 4-plex in North Fargo with a strong income history. Property previously generated approximately $3,155/month in rental income. With two units recently vacated, this provides the next owner the opportunity to set rents at current market rates.
Property features a desirable unit mix of two 2-bedroom units and two 1-bedroom units, offering flexibility and consistent tenant demand. Estimated cap rates of 8% at projected stabilized rents, with additional upside through rent optimization.
Clean, functional interiors and a classic brick exterior make this a solid addition to any investment portfolio conveniently located near downtown Fargo, NDSU, and major amenities.
Ideal for investors seeking both immediate leasing opportunity and long income growth.
Property features a desirable unit mix of two 2-bedroom units and two 1-bedroom units, offering flexibility and consistent tenant demand. Estimated cap rates of 8% at projected stabilized rents, with additional upside through rent optimization.
Clean, functional interiors and a classic brick exterior make this a solid addition to any investment portfolio conveniently located near downtown Fargo, NDSU, and major amenities.
Ideal for investors seeking both immediate leasing opportunity and long income growth.
Location
State ND
County Cass
Zoning Residential-Multi-Family
Rooms
Family Room Other
Basement Concrete
Interior
Heating Baseboard
Fireplace No
Laundry Common Area, Lower Level
Exterior
Roof Type Architectural Shingle
Building
Story Split Entry (Bi-Level)
Foundation 3432
Sewer City Sewer - In Street
Water City Water - In Street
Level or Stories Split Entry (Bi-Level)
New Construction false
Schools
High Schools Fargo North
School District Fargo
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Listed by Lisa Brown • REALTY XPERTS
Nearby School & Business
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