1219 10th Avenue N, Fargo, ND 58102 (MLS# 7033354)

1219 10th Avenue N, Fargo, ND 58102

$705,000
Property Type: Commercial Bedrooms: 11 Square Footage: 5,236 Lot Size (sq. ft.): 5,663 Status: Active
Current Price: $705,000 List Date: 3/11/2026 Last Modified: 9/17/2026

Overview

Description

8% CAP RATE | 11-Unit Multifamily | Proven Rental History | Immediate Cash Flow Investors looking for a straightforward, cash-flowing multifamily asset should take a closer look at this 11-unit property located just minutes from NDSU in North Fargo. Offered at an 8% cap rate, this property provides immediate income with a proven rental history and a manageable operating profile. The property features a strong mix of studio, one-bedroom, and two-bedroom units, creating a diversified tenant base that appeals to students, young professionals, and workforce renters. With leases in place and consistent rental demand, investors can step into an established operation without taking on a heavy repositioning or value-add project. The appeal here is simplicity: a low-stress, easy-to-maintain property designed to produce cash flow from day one. For investors who prefer a stabilized asset over a renovation-heavy project, this is an opportunity to acquire an income-producing property in a proven ...

Listing Details MLS# 7033354

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
6
Owner Occupied
No
Waterfront YN
No
Year Built
1890
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
1650
For Sale or Lease
For Sale
Acres
0.13
Lot Dimensions
74.9x79
Assessment Pending
Yes

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Amenities Shared: Coin-op Laundry Owned Amenities Unit: None Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator Basement: Full CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Steel Siding Fencing: None Flooring: Carpet; Tile Fuel: Electric Heating: Boiler Loan Terms: Cash; Conventional Lock Box Type: None Lot Description: Corner Lot On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Parking Lot Pool Description: None Rent Rate per Foot: Per Month Road Frontage: Paved Streets Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: City Sewer/Connected Shared Rooms: Other Stories: Two Wall Description: Drywall; Paneling; Wood Water: City Water/Connected Window Features: Insulated Windows

Contract Information

Exclusions
All tenant and owner personal property.
Contingency
None
ListPrice
705000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1219
Street Name
10th
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
Fargo
County
Cass
State
ND
Zip Code
58102
Complex/Dev/Subdivision
Chapins - Hobson

Assessments

Assessment Installment
736.4
Tax With Assessments
5096

Basement

Foundation Dimensions
32x50

More Information

Building Information

Building Finished SqFt
5236
Building SqFt
5236
Ceiling Height
8-10

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building

Unit 1

Unit Number
Yes
Monthly Rent
900
Total Bedrooms
2
Leased?
Yes
Lease Expiration Date
2027-03-31
No. of 1 Bedroom Units
3

Unit 10

Lease Expiration Date
2027-03-31
Leased?
Yes
Monthly Rent
595
Total Bedrooms
Yes
Total Rooms
Yes
Unit Number
10

Unit 11

Lease Expiration Date
2027-04-30
Leased?
Yes
Monthly Rent
575
Total Rooms
Yes
Unit Number
11

Unit 2

No. of 2 Bedroom Units
Yes
Lease Expiration Date
2026-12-31
Leased?
Yes
Monthly Rent
895
Total Bedrooms
Yes
Unit Number
2

Unit 3

Lease Expiration Date
2027-04-30
Leased?
Yes
Monthly Rent
950
Total Bedrooms
Yes
Unit Number
3

Unit 4

Lease Expiration Date
2026-12-31
Leased?
Yes
Monthly Rent
775
Total Bedrooms
Yes
Unit Number
4

Unit 5

Lease Expiration Date
2027-03-31
Leased?
Yes
Monthly Rent
595
Total Bedrooms
Yes
Total Rooms
Yes
Unit Number
5

Unit 6

Lease Expiration Date
2027-02-28
Leased?
Yes
Monthly Rent
575
Total Bedrooms
Yes
Total Rooms
Yes
Unit Number
6

Unit 7

Lease Expiration Date
2026-09-30
Leased?
Yes
Monthly Rent
550
Total Bedrooms
Yes
Total Rooms
Yes
Unit Number
7

Unit 8

Lease Expiration Date
2026-12-31
Leased?
Yes
Monthly Rent
575
Total Bedrooms
Yes
Total Rooms
Yes
Unit Number
8

Unit 9

Lease Expiration Date
2026-11-30
Leased?
Yes
Monthly Rent
625
Total Bedrooms
Yes
Total Rooms
Yes
Unit Number
9

Unit Details

Total Units
11

Unit Information

No. of Efficiency Units
7

Documents

IDX
Listing Office: RE/MAX Legacy Realty
Last Updated: September - 17 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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