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    1010 12Th Ave Fargo, ND 58102

    For Sale
    $229,900

    NDSU-proximity, six 1-bed/1-bath units.

    Property size:
    3,302 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional mixed-use investment property, located at 1010 12th Avenue N in Fargo, North Dakota, presents a compelling opportunity for discerning investors. The property encompasses 3,302 square feet and sits on a 0.12-acre lot, offering convenient access and ample space. The building comprises six individual units, each featuring one bedroom and one bathroom, providing a consistent and potentially lucrative rental income stream. The property is secured, ensuring tenant and investor peace of mind. Residents enjoy the convenience of a shared laundry facility located in the basement, eliminating the need for individual in-unit laundry hookups. Off-street parking is readily available in a designated parking lot situated just east of the building, addressing a key concern for potential tenants. This prime location places the property within close proximity to North Dakota State University (NDSU), attracting a strong pool of potential renters, particularly students and young professionals. Detailed financial information, including rental income and expense data, is available upon request, allowing prospective buyers to conduct a thorough due diligence process. This is an excellent opportunity to acquire a well-maintained, income-generating property in a thriving North Dakota market. The property's strong location, secure design, and attractive unit configuration make it an ideal addition to any investment portfolio.

    Property Features for 1010 12Th Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,302 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1905
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.79447
    Latitude
    46.89016

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    FAQs

    What type of property is this?
    Mixed-use property - NDSU-proximity, six 1-bed/1-bath units.
    Where is this mixed-use property located?
    The property is located at 1010 12Th Ave Fargo, ND.
    What is the asking price?
    The asking price for this property is $229,900.
    Request Owner's contact information
    1010 12Th Ave Fargo, ND 58102
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    Fargo, ND 58102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1010 12Th Ave Fargo, ND 58102
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