Updated Duplex With Attached
For Sale
$187,500
205 1st Ave E, West Fargo, ND 58078
Two separately accessed residences offer in-unit laundry and recent improvements, with an attached one-stall garage for the main-level unit.
Property Size1,320 SF
Price / SF$142.05
Days on Market54
Property Features for 205 1st Ave E
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,025
Listing Agency:
eXp Realty (3523 FGO)
(612) 751-9303
Listed By:
Ryan Belen
(218) 443-6348
Source:
Exprealty
Added: Aug 13
Changed: Sep 24
Last Checked: Oct 4 at 5:02PM
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.
This duplex contains two separately entered residences, each configured with 2 bedrooms, 1 bathroom, and in-unit laundry. The main-level residence includes an attached one-stall garage, while the upper-level residence has an exterior-access deck or patio positioned above the garage. The property size is 1,320 square feet.
Recent work includes fresh paint, new carpet and vinyl flooring, replacement fixtures, updated hardware, and new laundry equipment in the main-level residence. The crawl space received substantial improvements in 2024, including professional bracing of the south wall, interior drain tile, a sump pit, and encapsulation. The wall bracing carries a 25-year transferable warranty. Other documented updates include professionally cleaned carpets in 2025, hallway lighting, and plumbing repairs completed in 2024 and 2026.
Recent work includes fresh paint, new carpet and vinyl flooring, replacement fixtures, updated hardware, and new laundry equipment in the main-level residence. The crawl space received substantial improvements in 2024, including professional bracing of the south wall, interior drain tile, a sump pit, and encapsulation. The wall bracing carries a 25-year transferable warranty. Other documented updates include professionally cleaned carpets in 2025, hallway lighting, and plumbing repairs completed in 2024 and 2026.
Key Highlights
- 1,320‑square‑foot duplex with two separately accessed residences
- Each residence includes 2 bedrooms, 1 bathroom, and in‑unit laundry
- Attached one‑stall garage serves the main‑level residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,922
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,440
$238.4K
Cap Rate 7%
$170,314
$170.3K
Cap Rate 9%
$132,467
$132.5K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$18.2K $13.80/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$17.0K $12.90/SF
− OpEx
−$5.1K −$3.87/SF
NOI
$11.9K $9.03/SF
Area
Cass County, 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%
$238,440
Cap Rate 7%
$170,314
Cap Rate 9%
$132,467
Alternative Uses
Best Use
Multifamily LT 5
$170.3K
$149.0K – $198.7K
NOI $11,922 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$155.9K
$136.4K – $181.9K
NOI $10,914 @ 7.0% cap · market cap 5.82%
Theoretical Best
Specialty Retail
$243.9K
$213.4K – $284.5K
NOI $17,072 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Explore this area
Business Placement
Demographics for 58078, ND
39,161
Population
16,416
Households
2.4
Avg Household Size
34
Median Age
45%
College-Educated
97%
High-School Grad
39.8 sq mi
ZIP Area
984
Density / Sq Mi
$97,206
Median Household Income
$51,208
Median Earnings
$1,073
Median Rent
$303,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 separately accessed residences offer in-unit laundry and recent improvements, with an attached one-stall garage for the main-level unit.
Where is this duplex located?
The property is located at 205 1st Ave E West Fargo, ND.
What is the asking price?
The asking price for this property is $187,500.
What are key features of this property?
This property features: 1,320‑square‑foot duplex with two separately accessed residences; Each residence includes 2 bedrooms, 1 bathroom, and in‑unit laundry; Attached one‑stall garage serves the main‑level residence
