Duplex With Flexible Lower
For Sale
$299,000
901 College St N, Fargo, ND 58102
Two-unit property with off-street parking, an updated kitchen, and additional lower-level living space.
Property Size2,704 SF
Price / SF$110.58
Days on Market50
Property Features for 901 College St N
General Information
Standard status
Active
Size
2,704 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1919
Listing Agency:
REALTY XPERTS
Listed By:
Allie Lott
(701) 552-1410
Source:
Homesminn
Added: Aug 17
Changed: Sep 10
Last Checked: Oct 4 at 10:55AM
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 REALTY XPERTS
Investment Insights
Based on property information with market context.
This 2,704-square-foot duplex offers two distinct residential units along with supplementary lower-level space. The main-level residence includes a foyer, hardwood flooring, French doors, a living room, formal dining area, updated kitchen, two bedrooms, and a full bathroom. A separate upper-level unit adds its own living room, kitchen, two bedrooms, and full bathroom.
The lower level provides a kitchenette, full bathroom, laundry area, and additional living space. The property occupies a corner lot with substantial off-street parking and is located just blocks from NDSU in Fargo. Its combination of period interior details, updated kitchen space, two-unit configuration, and flexible lower-level areas supports both owner-occupant and rental-oriented use.
The lower level provides a kitchenette, full bathroom, laundry area, and additional living space. The property occupies a corner lot with substantial off-street parking and is located just blocks from NDSU in Fargo. Its combination of period interior details, updated kitchen space, two-unit configuration, and flexible lower-level areas supports both owner-occupant and rental-oriented use.
Key Highlights
- 2,704‑square‑foot duplex with two separate residential units
- Main‑level unit includes 2 bedrooms, formal dining, hardwood floors, and an updated kitchen
- Upper‑level unit has its own living room, kitchen, 2 bedrooms, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,423
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,460
$488.5K
Cap Rate 7%
$348,900
$348.9K
Cap Rate 9%
$271,367
$271.4K
Market Conditions
NOI Build-Up for 2,704 SF
Gross rent
$37.3K $13.80/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$34.9K $12.90/SF
− OpEx
−$10.5K −$3.87/SF
NOI
$24.4K $9.03/SF
Area
Fargo, ND
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,460
Cap Rate 7%
$348,900
Cap Rate 9%
$271,367
Alternative Uses
Best Use
Multifamily LT 5
$348.9K
$305.3K – $407.1K
NOI $24,423 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$319.4K
$279.5K – $372.6K
NOI $22,358 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$586.6K
$513.3K – $684.3K
NOI $41,060 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,431
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with off-street parking, an updated kitchen, and additional lower-level living space.
Where is this duplex located?
The property is located at 901 College St N Fargo, ND.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,704‑square‑foot duplex with two separate residential units; Main‑level unit includes 2 bedrooms, formal dining, hardwood floors, and an updated kitchen; Upper‑level unit has its own living room, kitchen, 2 bedrooms, and full bathroom
