11-Unit Multifamily Apartment
1219 10th Avenue N Fargo, ND 58102
1219 10th Avenue N, Fargo, ND, 58102
$765,000
For Sale
$765,000
11-unit multifamily property with studio, one-bedroom, and two-bedroom apartments and leases in place.
Property Size5,236 SF
Price / SF$146.10
Days on Market149
Property Features for 1219 10th Avenue N
General Information
- Standard status
- Active
- Size
- 5,236 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1890
Listing agency
252445
(701) 720-4719
Listed by
Blaine Cook
(701) 720-4719
Source
Xome
Added: Feb 22 Updated: Jul 20 at 6:09PM Checked: Jul 21 at 3:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 252445
Investment Insights
Based on property information with market context.
This 11-unit multifamily apartment building offers a unit mix of studios, one-bedroom, and two-bedroom residences. The property is presented as a stabilized rental asset with leases in place.
Located at 1219 10th Avenue N in Fargo, North Dakota, the building is described as being just minutes from North Dakota State University. The remarks also indicate convenient access to downtown Fargo, major employment centers, and public transportation routes.
For investors and tenant-focused buyers, the configuration supports a diversified rental mix within a single income-producing property.
Located at 1219 10th Avenue N in Fargo, North Dakota, the building is described as being just minutes from North Dakota State University. The remarks also indicate convenient access to downtown Fargo, major employment centers, and public transportation routes.
For investors and tenant-focused buyers, the configuration supports a diversified rental mix within a single income-producing property.
Key Highlights
- 11‑unit multifamily with a mix of studio, 1‑bedroom, and 2‑bedroom apartments
- Leases are in place, supporting current occupancy
- Corner lot with parking including on‑street parking
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.8k | $16.20 |
| − Vacancy | −$6.1k | −$1.17 |
| EGI | $78.7k | $15.03 |
| − OpEx | −$35.4k | −$6.77 |
| NOI | $43.3k | $8.27 |
5,236 SF · lease $16.20/SF/yr · vacancy 7.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$618.5K
$541.2K – $721.6K
NOI $43,294 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$993.9K – $1.33M
NOI $79,508 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 11-unit multifamily property with studio, one-bedroom, and two-bedroom apartments and leases in place.
Where is this apartment building located?
The property is located at 1219 10th Avenue N Fargo, ND.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 11‑unit multifamily with a mix of studio, 1‑bedroom, and 2‑bedroom apartments; Leases are in place, supporting current occupancy; Corner lot with parking including on‑street parking
