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Apartment Building with Studio Units
For Sale
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920 6 Ave N, Fargo, ND 58102

Apartment building offering a unit mix of 60 studio apartments for sale.

Property SizeContact for details
Days on Market125

Property Features for 920 6 Ave N

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Cap Rate 9.1%
Multifamily Units 60
Listing Agency: NAI North Central
Listed By: Paul S. Balega · License #ND 7426
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 6:00AM

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 NAI North Central

Investment Insights

Based on property information with market context.

This for-sale apartment building offers a unit mix of 60 studio apartments. The offering is presented with capitalization rate estimates of 9.1% without property management and 8.6% with property management, as stated in the provided remarks.

The property is located at 920 6 Ave N, Fargo, ND 58102.

For investors or operators focused on studio apartment housing, this provides a straightforward residential income profile built around studio units.

Key Highlights

  • Apartment building for sale with a unit mix of 60 studio apartments
  • Reported 9.1% cap rate (without property management) or 8.6% cap rate est. (with property management)

Property Analytics

Current Use

Finding Normal Apartment Complex The Antique Farm Furniture & Home Goods Baumbach Real Estate Real Estate Agency

Suggested Use

Top Pick Locksmith Pet Grooming Service Florist (Bike/Boat/Book/etc) Store Butcher Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

60
Residential units

Location Intelligence

Trade Area within ½ mile

158
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment building offering a unit mix of 60 studio apartments for sale.
Where is this apartment building located?
The property is located at 920 6 Ave N Fargo, ND.
What are key features of this property?
This property features: Apartment building for sale with a unit mix of 60 studio apartments; Reported 9.1% cap rate (without property management) or 8.6% cap rate est. (with property management)
More about this property
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