Listing Agency: Horizon Real Estate Group b***@horizonfargo.com Show Phone

Listed By: Brian Tulibaski · License #ND: 9607

Source: Crexi

Added: Apr 24 Changed: Aug 10 Last Checked: Aug 11 at 9:03AM

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Investment Insights

Based on property information with market context.

This for-sale multifamily property consists of 12 residential units within an apartment building structure. It is offered as a residential income property.

The building is located at 3002 7 1/2 Ave N in Fargo, North Dakota, 58102.

With a total of 12 units, the property may be suitable for investors seeking an income-producing multifamily asset.

Key Highlights

• Multifamily property with 12 residential units
• Marketing remarks note $44,583 per unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Parking Lot & Garage Bakery Barber Shop Real Estate Agency

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

12

Residential units

Location Intelligence

Trade Area within ½ mile

383

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - For sale multifamily property featuring 12 residential units.

Where is this apartment building located?

The property is located at 3002 7 1/2 Ave N Fargo, ND.

What are key features of this property?

This property features: Multifamily property with 12 residential units; Marketing remarks note $44,583 per unit