Two-Bedroom Residential Income
For Sale
$130,000
1225 10th St N, Fargo, ND 58102
Hardwood flooring and an open living-dining area define the unit’s interior.
Property Size878 SF
Price / SF$148.06
Days on Market8
Property Features for 1225 10th St N
General Information
Standard status
Active
Size
878 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
HOA Fee
$250
Amenities
hardwood floors
air conditioning
Building Details
Year Built
1959
Listing Agency:
Jack Chivers Realty
Listed By:
The Elm Group brokered by REAL
(701) 446-7249
Source:
Realelmgroup
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 7 at 12:20PM
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 Jack Chivers Realty
Investment Insights
Based on property information with market context.
This two-bedroom condominium offers 878 square feet, with hardwood floors and a combined living and dining area. Large windows bring daylight into the space, and the unit has air conditioning. The building dates to 1959.
The property is at 1225 10th St N in Fargo, within walking distance of NDSU Campus. Association services include heat, water, sewer, garbage collection, lawn care, snow removal, common-area upkeep, exterior maintenance, and building insurance.
The property is at 1225 10th St N in Fargo, within walking distance of NDSU Campus. Association services include heat, water, sewer, garbage collection, lawn care, snow removal, common-area upkeep, exterior maintenance, and building insurance.
Key Highlights
- Two‑bedroom condominium with 878 square feet
- Hardwood flooring and an open living‑dining layout
- Large windows and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,260
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,200
$145.2K
Cap Rate 7%
$103,714
$103.7K
Cap Rate 9%
$80,667
$80.7K
Market Conditions
NOI Build-Up for 878 SF
Gross rent
$14.2K $16.20/SF
− Vacancy
−$1.0K −$1.17/SF
EGI
$13.2K $15.03/SF
− OpEx
−$5.9K −$6.77/SF
NOI
$7.3K $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%
$145,200
Cap Rate 7%
$103,714
Cap Rate 9%
$80,667
Alternative Uses
Best Use
Apartment 5plus
$103.7K
$90.8K – $121.0K
NOI $7,260 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$190.5K
$166.7K – $222.2K
NOI $13,332 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,463
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Hardwood flooring and an open living-dining area define the unit’s interior.
Where is this residential income property located?
The property is located at 1225 10th St N Fargo, ND.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Two‑bedroom condominium with 878 square feet; Hardwood flooring and an open living‑dining layout; Large windows and air conditioning
