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11-Unit Multifamily Property
For Sale
$499,000
Pending

1306 3rd Avenue S, Fargo, ND 58103

Commercial Sale, Fargo, ND

Property SizeContact for details
Lot Size0.21 Acres
Days on Market49

Property Features for 1306 3rd Avenue S

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Residential-Multi-Family
Parking features Parking Lot
Subdivision Eddy & Fullers Outlots
High school district Fargo
Directions Use Apple or Google maps
Standard status Pending
APN 01070001940000
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5075

Utilities

Heating system Oil

Building Details

Year built 1885
Listing Agency: eXp Realty (3523 FGO)
Listed By: Michelle Larson-Hoppe
Added: Aug 27 Changed: Sep 30 Last Checked: Oct 14 at 8:06PM
MLS# 7133695

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.

Investment Insights

Based on property information with market context.

Located at 1306 3rd Avenue S in Fargo, this 11-unit multifamily property dates to 1885 and includes a dedicated parking lot. The building is heated with oil and presents an opportunity for renovation, updating, and repositioning within an established residential asset.

The property is situated near downtown Fargo, restaurants, NDSU, and major transportation routes. The 0.211-acre site may also be acquired with the adjacent vacant parcel at 305 University Dr, Parcel #01-0700-01950-000, providing additional land associated with the offering.

Key Highlights

  • 11‑unit multifamily property
  • 0.211‑acre site at 1306 3rd Avenue S
  • Built in 1885 with renovation and updating potential

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Multifamily building with on-site parking near downtown Fargo amenities, restaurants, NDSU, and major transportation routes.
Where is this apartment building located?
The property is located at 1306 3rd Avenue S Fargo, ND.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 11‑unit multifamily property; 0.211‑acre site at 1306 3rd Avenue S; Built in 1885 with renovation and updating potential
More about this property
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