11-Unit Apartment
For Sale
$740,000
1219 10th Avenue N, Fargo, ND 58102
Leases are in place across a studio, one-bedroom, and two-bedroom unit mix.
Property Size5,236 SF
Price / SF$141.33
Days on Market149
Property Features for 1219 10th Avenue N
General Information
Standard status
Active
Size
5,236 SF
Property subtype
Commercial
Zoning
Residential-Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
11
Taxes and HOA fees
Annual Taxes
$4,878
Building Details
Building Size
5,236 SF
Year Built
1890
Stories
2
Units
11
Listing Agency:
RE/MAX Legacy Realty
(701) 720-4719
Listed By:
Blaine Cook
(701) 720-4719
Source:
Juverealestate
Added: Mar 11
Changed: Aug 4
Last Checked: Aug 5 at 2:18PM
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 RE/MAX Legacy Realty
Investment Insights
Based on property information with market context.
This 11-unit apartment building contains a varied residential configuration of studio, one-bedroom, and two-bedroom units. Leases are in place, providing an established operating structure for the property. The building includes 5236 square feet and dates to 1890, with Residential-Multi-Family zoning supporting its apartment use.
Located at 1219 10th Avenue N in Fargo, the property is near North Dakota State University, downtown Fargo, major employment centers, and public transportation routes. Its unit mix and proximity to these destinations define the property's residential income profile.
Located at 1219 10th Avenue N in Fargo, the property is near North Dakota State University, downtown Fargo, major employment centers, and public transportation routes. Its unit mix and proximity to these destinations define the property's residential income profile.
Key Highlights
- 11‑unit apartment building with studio, one‑bedroom, and two‑bedroom units
- Leases in place across the property
- 5236 square feet of building area
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 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$993.9K – $1.33M
NOI $79,508 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
2,139
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Leases are in place across a studio, one-bedroom, and two-bedroom unit mix.
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 $740,000.
What are key features of this property?
This property features: 11‑unit apartment building with studio, one‑bedroom, and two‑bedroom units; Leases in place across the property; 5236 square feet of building area
