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11-Unit Multifamily Building
New
For Sale
$550,000

1306 3rd Ave S, Fargo, ND 58103

Fargo property near downtown with proximity to restaurants, NDSU, and major transportation routes.

Property Size6,402 SF
Price / SF$85.91
Days on Market4

Property Features for 1306 3rd Ave S

General Information

Standard status Active
Size 6,402 SF

Additional Details

Multifamily Units 11

Building Details

Year Built 1885
Listing Agency: eXp Realty (3523 FGO)
Listed By: Ryan Belen
Source: Homesminn
Added: Aug 30 Changed: Aug 31 Last Checked: Sep 1 at 10:49PM

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 eXp Realty (3523 FGO)

Investment Insights

Based on property information with market context.

The multifamily property at 1306 3rd Ave S includes 11 units in a building constructed in 1885. The existing structure offers a renovation and updating opportunity for a buyer pursuing a multifamily project.

The property is located near downtown Fargo, restaurants, NDSU, and major transportation routes. It may be purchased independently or together with the adjacent vacant lot at 305 University Dr, Parcel #01-0700-01950-000, providing an additional land component to the transaction.

Key Highlights

  • 11‑unit multifamily property
  • Building constructed in 1885
  • Near downtown Fargo, restaurants, NDSU, and major transportation routes

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

11
Residential units

Location Intelligence

Trade Area within ½ mile

2,072
Businesses Nearby

Demographics for 58103, ND

46,754
Population
25,241
Households
1.9
Avg Household Size
36
Median Age
37%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
4,066
Density / Sq Mi
$57,699
Median Household Income
$38,241
Median Earnings
$831
Median Rent
$239,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Fargo property near downtown with proximity to restaurants, NDSU, and major transportation routes.
Where is this apartment building located?
The property is located at 1306 3rd Ave S Fargo, ND.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 11‑unit multifamily property; Building constructed in 1885; Near downtown Fargo, restaurants, NDSU, and major transportation routes
More about this property
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