Six-Bedroom
111-113 32nd Avenue N, Fargo, ND 58102
For Sale
$217,000
Under Contract
Residential Income, Fargo, ND
Property Size2,304 SF
Lot Size0.26 Acres
Price / SF$94.18
Days on Market110
Property Features for 111-113 32nd Avenue N
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
High school district
Directions
Special listing conditions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Listing Agency:
eXp Realty (219 WF)
(701) 540-5000
Listed By:
Michelle Larson-Hoppe
(612) 751-9303
Added: Jul 28
Changed: Oct 28
Last Checked: Nov 14 at 12:06AM
MLS# 7117561
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Fargo duplex contains 2,304 square feet across two units. Each unit has three bedrooms and one bathroom, for six bedrooms and two bathrooms in total. The property was built in 1976 and has baseboard heating and driveway parking.
The 0.257-acre property is being sold as-is and requires repairs and updates.
The 0.257-acre property is being sold as-is and requires repairs and updates.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- 2,304 square feet on a 0.257‑acre lot
- Built in 1976
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,051
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,020
$381.0K
Cap Rate 7%
$272,157
$272.2K
Cap Rate 9%
$211,678
$211.7K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$37.3K $16.20/SF
− Vacancy
−$2.7K −$1.17/SF
EGI
$34.6K $15.03/SF
− OpEx
−$15.6K −$6.77/SF
NOI
$19.1K $8.27/SF
Area
Fargo, ND
Vacancy
7.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,020
Cap Rate 7%
$272,157
Cap Rate 9%
$211,678
Alternative Uses
Best Use
Multifamily LT 5
$297.3K
$260.1K – $346.8K
NOI $20,810 @ 7.0% cap · market cap 9.59%
Second Best
Apartment 5plus
$272.2K
$238.1K – $317.5K
NOI $19,051 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$499.8K
$437.3K – $583.1K
NOI $34,986 @ 7.0% cap · market cap 16.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
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Business Placement
Demographics for 58102, ND
30,767
Population
16,757
Households
1.8
Avg Household Size
32
Median Age
45%
College-Educated
95%
High-School Grad
31.6 sq mi
ZIP Area
974
Density / Sq Mi
$56,028
Median Household Income
$31,939
Median Earnings
$829
Median Rent
$235,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences each include three bedrooms and one bathroom.
Where is this duplex located?
The property is located at 111-113 32nd Avenue N Fargo, ND.
What is the asking price?
The asking price for this property is $217,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; 2,304 square feet on a 0.257‑acre lot; Built in 1976
