MLS: #7073007, Listed By: Mason Peterson, REAL (3961 WF), Source:FargoMoorhead Area Association of REALTORS
1605 5th Avenue
Fargo, ND 58103
9
Bed
4
Bath
3,568Sqft
0.16Acre(Lot)
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 doc
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 9Bathroom Information
Total Baths: 4 -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle Laundry Features: Common Area, Laundry Room, Lower Level -
Heating & Cooling
Has Heating: Yes Heating: Baseboard
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Building Information
Year Built: 1984 Building Area Total: 3568 Private Pool: No
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Lot Information
Lot Dimensions: 50x140 Main Square Feet: 0.16 Acres Lot Size Acres: 0.16 Lot Size Square Feet: 6969.6Property Information
Subdivision: Case Peake & Halls Source Property Type: Residential Income Postal Code Plus 4: 9540 Property SubType: Quadruplex Property Age: 42
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Listing Price Information
Listing Price: $315000
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Tax Information
Parcel Number: 01034000500000 Tax Year: 2025 Annual Tax: $4275.06 Tax Legal Desc: CASE PEAKE & HALLS LOT 17 BLK 4
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Garage Information
Has Garage: Yes Garage Space: 4
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School Information
Elementary School:Junior High School:Senior High School: Fargo North -
Location Information
Direction: 1605 5th Ave S Fargo ND 58103 WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 214-216 12th Street, Fargo, ND, 58103 | $260,000 | 5 | 3 | 2,508 | 2,508 SqFt |
| 120 University Drive, Fargo, ND, 58103 | $485,000 | 10 | 4 | 2,873 | 2,873 SqFt |
| 1809 13 1/2 Street, Fargo, ND, 58103 | $319,000 | 8 | 4 | 4,092 | 4,092 SqFt |
| 1824 14th Street, Fargo, ND, 58103 | $399,900 | 8 | 5 | 4,842 | 4,842 SqFt |
| 1405 16th Street, Fargo, ND, 58103 | $249,000 | 2 | 2 | 2,112 | 2,112 SqFt |
| 1637 8th Avenue, Fargo, ND, 58103 | $265,000 | 6 | 3 | 3,032 | 3,032 SqFt |
| 1305 16 1/2 Street, Fargo, ND, 58103 | $250,000 | 5 | 2 | 2,112 | 2,112 SqFt |
| 1837-1839 7th Avenue, Fargo, ND, 58103 | $229,900 | 4 | 3 | 1,806 | 1,806 SqFt |
| 702 21st Street, Fargo, ND, 58103 | $219,000 | 6 | 3 | 2,136 | 2,136 SqFt |
| 305-307 S 23rd Street, Fargo, ND, 58103 | $255,000 | 6 | 4 | 2,172 | 2,172 SqFt |
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Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.
ByOwner last updated this listing 07/22/2026 @ 20:37
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