1605 5th Avenue South

Fargo ND 58103

3568 sq. ft.

0.16 ac.

Duplex

Mason Peterson, last sold this property on 27 July 2026 after 73 days on market.

Overview

This 4plex was built in 1984 BY THE OWNER. He's owned it for over 40 years. Gross monthly rent is currently $2,325. All units are month-to-month. Owner has kept rents low since the building has had long term tenants stay. Each unit has a garage stall. Current rents compared to market rents: Unit 1 (2 bed)-$600-->$750 Unit 2 (2 bed)-$450-->$750 Unit 3 (2 bed)-$625-->$750 Unit 4 (3 bed)-$650-->$900 Gross rents if rents are improved: $3,150 Opportunity to go higher if units had updated cosmetics. Laundry income also averages about $75/ month on top of that. Owner pays electric for common space hallway and water/sewer/garbage for the building. Tenants pay electric for their unit. Notice for pending special assessment for Main Ave road project of an estimated $919.41. (attached in documents)

Features

9 bedrooms

4 bathrooms

4 carspaces

4 garage spaces

3568 sq. ft. floor area

0.16 ac. lot size

Duplex

Estimated Value

We need at least 3 similar 9 bedroom duplexes sold in Fargo over the last 12 months.

Property history for 1605 5th Avenue South

2026

Sold

Undisclosed

27 Jul 2026 by Mason Peterson, of REAL (3961 WF)

Happy sellers in Fargo

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