1115/1117/1121 2nd Avenue S Fargo, ND $ 580,000
1115/1117/1121 2nd Avenue S
$ 580,000
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1115/1117/1121 2nd Avenue S

Fargo, ND, 58103
$ 580,000
Bedrooms-- Baths-- Sq 5,816

Monthly Estimate*

$ 3,855

1115/1117/1121 2nd Avenue S, Fargo, ND 58103 - Image 1

Commercial Property for sale in Fargo, ND

for $580,000. This 5,816 square foot building was built in 1902 on a lot size of 0.16.

ATTENTION INVESTORS! 1115/1117 and 1121 are being offered together for a total of 10 units. This is a classic, operational value-add opportunity. Immediate upside can be captured simply by leasing up the remaining vacant units. The current owner has already done the heavy lifting—removing problematic tenants and turning all units rent-ready—positioning the next owner to benefit from increased occupancy and stabilized income. Tenants pay for electric heat! Offered at $58,000 per unit ($580,000 total purchase price), this pair of properties represents a compelling entry point in a strong rental market. At pro forma, the asset delivers attractive cash flow and significant upside. Offer consists of two multifamily buildings, an ample paved parking lot, plus a 2-car detached garage.

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Commercial Active

Price

$ 580,000

Property Type

Commercial

Taxes

$ 6,301

Style

Apartment

Lot Size

0.16

Year Built

1902

Town/City

Fargo

County/Region

Cass

MLS | Web ID

6698091

Features
General
Sewer City Sewer/Connected
Heating Baseboard Boiler
Utilities Electric Common Electric Separate Heating Common
Garage Spaces 2
Construction Materials Aluminum Siding
Year Built 1902
Property Subtype Apartment
Tax Year 2024
Current Use Residential
Accessibility None
Additional Parcels Description 01224001940000
County Cass
Property Type Commercial Sale
Contingency None
Subdivision Name Original Townsite
City Fargo
High School District Fargo
Zoning Description Residential-Multi-Family
Number Of Units Total 10
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 6301
Additional Parcels Y/N Y
Standard Status Active
Lender Owned No
Exterior
Parking Features Attached Garage Concrete Parking Lot Unassigned
Water Source City Water/Connected
Inclusions Building Land Leases
Lot Size Area 0.16
Building Area Total 5816
Lot Dimensions 100X140
Foundation Area 3000
Interior
Basement (Y/N) N
Fuel Electric Natural Gas
Internal Only
Street Number 1 1115
* Excluded Features
List By
Daybreak Property Management, Llc

Broker

karen@daybreakproperties.com

Email

Affordability Calculator

$4,380
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,855
Monthly Property Taxes
$525
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4515536 Elementary School
4515534 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/6/2025$580,000 Listed Price

Map


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1115/1117/1121 2nd Avenue S, Fargo, ND, 58103 is a Commercial Property for sale at $580,000 with 5,816 sqft and a lot size of 0.16. 1115/1117/1121 2nd Avenue S was built in 1902. The property's zip code is 58103 which is in Fargo, ND