1305 16 1/2 Street S, Fargo, ND 58103
- Added:
- Jun 17, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 30 at 1:06 pm
Property Features for 1305 16 1/2 Street S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Basement, Bedroom 5, Bathroom 2
- Exterior features
- Vinyl
- Standard status
- Active
- APN
- 01204001560000
- Size
- 2,112 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3082
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1972
- Roof type
- Shingle
Listing agent John Hagen (612) 751-9303
Listing office eXp Realty (219 WF) 219 Main Ave W, White Bear Lake, ND (701) 540-5000
Listing date Jun 17, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex in South Fargo built in 1972
- Upper unit: 3 bed, 1 bath, with backyard deck; currently vacant
- Lower unit: 2 bed, 1 bath
- Tenants pay their own electric; owner pays heat/gas
- Heating is oil; exterior includes vinyl siding
- Roof is shingle
Overview
Located in South Fargo, the property sits on a small lot and is positioned as a straightforward residential income asset in the Fargo market. The listing notes that tenants pay their own electric, while the owner is responsible for heat and gas.
For buyers or owner-occupants, the vacant upper unit can support immediate use or leasing, while the lower unit provides an additional rental component. With separately managed utilities as described, this setup may appeal to tenants who control their own electricity costs and to owners who want a simple ownership structure across two units.
Local Financial Insights For Multifamily LT 5
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 | $29.1k | $13.80 |
| − Vacancy | −$1.9k | −$0.90 |
| EGI | $27.3k | $12.90 |
| − OpEx | −$8.2k | −$3.87 |
| NOI | $19.1k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fargo
- County
- Cass
- State
- North Dakota
- Longitude
- -96.807962
- Latitude
- 46.861252
