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18-Unit Apartment Building
New
For Sale
$879,000

318 31st Avenue N, Fargo, ND 58102

Consistent one-bedroom layouts, individual garages, and three laundry rooms support straightforward operations.

Property SizeContact for details
Days on Market2

Property Features for 318 31st Avenue N

General Information

Standard status Active
Total Parking Spaces 18
Property subtype Commercial

Units

Unit Mix 18 x 1BR
Multifamily Units 18

Additional Details

Public Transit Yes

Amenities

laundry rooms

Building Details

Year Built 1970
Buildings 1
Listing Agency: Home Guide Realty LLC
Listed By: Michael Bartus
Source: Hometwincities
Added: Sep 6 Last Checked: Sep 7 at 7:01AM

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 Home Guide Realty LLC

Investment Insights

Based on property information with market context.

This 18-unit apartment building at 318 31st Avenue N in Fargo includes 18 one-bedroom apartments and a dedicated garage for each unit. Three separate laundry rooms provide one on every floor. Interior updates have been completed as needed, including replacement water heaters, carpeting, and paint.

Property improvements include roof work in 2015, updated windows in 2017, new glass entryway enclosures in 2023, and shingle replacement in 2024. The North Fargo location is near NDSU, shopping, restaurants, employment, public transportation, and other area amenities.

Key Highlights

  • 18 one‑bedroom apartment units
  • 18 dedicated garages, one for each apartment
  • Three separate laundry rooms, with one on each floor

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Hair Salon Spa & Massage Center Nail Salon

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

18
Residential units

Location Intelligence

Trade Area within ½ mile

316
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Apartment building - Consistent one-bedroom layouts, individual garages, and three laundry rooms support straightforward operations.
Where is this apartment building located?
The property is located at 318 31st Avenue N Fargo, ND.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: 18 one‑bedroom apartment units; 18 dedicated garages, one for each apartment; Three separate laundry rooms, with one on each floor
More about this property
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