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5-Plex Investment Property 826 21st St S 4 Unit Apartment Building $350,000 ($87,500/Unit) Fargo, ND 58103
Investment Highlights
- Turnkey 5-unit multifamily in Fargo's desirable Jefferson neighborhood — 100% occupied and cash-flowing from day one
- Tenants pay all utilities — minimal landlord expense exposure and cleaner net margins
Executive Summary
Charming 5-unit multifamily investment property built in 1915, offering approximately 3,648 sq ft of living space. This well-maintained 5-plex features a mix of two 1-bed units, two studios, and one 2-bed unit. Many units have been recently updated and showcase classic character with modern touches. All units are fully rented and rent roll can be provided with inquiries. Off street parking is available along with a dedicated parking area on the property. Conveniently located in the desirable Jefferson neighborhood on the south side of Fargo, the property is close to downtown, shopping, dining, parks, and major routes. Strong rental demand with solid income potential—perfect for investors seeking a turnkey cash-flowing asset in a stable Fargo location. Turnkey opportunity with immediate income! Contact for full rent roll, expenses, and details.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $350,000 | Building Class | B |
| Price Per Unit | $87,500 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 3,648 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1915 |
| Apartment Style | Low-Rise |
| Price | $350,000 |
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 3,648 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1915 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $700.00 | - |
| Studios | 1 | $675.00 | - |
| 2+1 | 1 | $800.00 | - |
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Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01-1270-00370-000 | Improvements Assessment | $103,200 |
| Land Assessment | $40,500 | Total Assessment | $143,700 |
Property Taxes
Parcel Number
01-1270-00370-000
Land Assessment
$40,500
Improvements Assessment
$103,200
Total Assessment
$143,700
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5-Plex Investment Property | 826 21st St S
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