SoldJul 27, 2026

Listed by Mason Peterson from REAL (3961 WF)

, 

Bought with Emily Christofferson from NextHome Legendary Properties

Source: Regional MLS of Minnesota #7073007

1605 5th Avenue South, Fargo, ND, 58103

Amount undisclosed

9
4
4
3568 sq. ft.
0.16 ac.

Duplex

•

30+ days on the market

Sold: Jul 27, 2026

What's around 1605 5th Avenue South

About this property

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)

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