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24-Unit Apartment Building
For Sale
$1,800,000

1401 27th Ave S, Fargo, ND 58103

Apartment property offers a balanced one- and two-bedroom mix with 24 garage units and access to nearby healthcare, shopping, and interstate routes.

Property SizeContact for details
Days on Market13

Property Features for 1401 27th Ave S

General Information

Standard status Active
Total Parking Spaces 24

Units

Unit Mix 16 x 2BR/1BA, 8 x 1BR/1BA
Multifamily Units 24

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $20,259

Building Details

Buildings 1
Listing Agency: HomeSmart Adventure Realty (DL)
Listed By: Robb Johnson · License #2253
Source: Exprealty
Added: Aug 11 Changed: Aug 22 Last Checked: Aug 23 at 3:43AM

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 HomeSmart Adventure Realty (DL)

Investment Insights

Based on property information with market context.

This 24-unit apartment property at 1401 27th Ave S in Fargo includes 16 two-bedroom, one-bath residences and 8 one-bedroom, one-bath residences. The property also includes 24 garage units, providing a dedicated garage component aligned with the apartment count.

Building and garage shingles were replaced in 2025. The property is positioned near healthcare services, shopping, and interstate access, giving residents convenient connections to everyday destinations and regional routes.

Key Highlights

  • 24‑unit apartment building with 16 two‑bedroom and 8 one‑bedroom units
  • All units are configured with 1 bath
  • 24 garage units included

Property Analytics

Current Use

Abdul Zenterprise Business Administration Service Broadmoor Apartments Apartment Building

Suggested Use

Top Pick Parking Lot & Garage Electrical Service HVAC Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Garden Center

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

24
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

927
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment property offers a balanced one- and two-bedroom mix with 24 garage units and access to nearby healthcare, shopping, and interstate routes.
Where is this apartment building located?
The property is located at 1401 27th Ave S Fargo, ND.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 24‑unit apartment building with 16 two‑bedroom and 8 one‑bedroom units; All units are configured with 1 bath; 24 garage units included
More about this property
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