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1605 5th Avenue S, 
Fargo, ND 58103

$315,000

9

Beds

4

Baths

3,568

Sq Ft

Multi-Family

Active

Listed by

Mason Peterson

Real (3961 Wf)

605-949-2763

Last updated:

May 25, 2026, 05:52 PM

MLS#

7073007

Source:

NSMLS

About This Home

1605 5th Avenue S

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)

Home Facts

Multi-Family

4 Baths

9 Bedrooms

Built in 1984

Price Summary

315,000

$88 per Sq. Ft.

MLS #:

7073007

Last Updated:

May 25, 2026, 05:52 PM

Added:

12 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

9

Bathrooms

Total Bathrooms:

4

Interior

Living Area:

3,568 Sq. Ft.

Structure

Structure

Building Area:

3,568 Sq. Ft.

Year Built:

1984

Lot

Lot Size (Sq. Ft):

6,969

Finances & Disclosures

Finances

Price:

$315,000

Price per Sq. Ft:

$88 per Sq. Ft.

Source:NSMLS
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is 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.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.