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    Side-by-Side Duplex Investment

    3119-3121 10th Avenue N Fargo, ND 58102

    New
    3119-3121 10th Avenue N, Fargo, ND, 58102
    $265,000
    For Sale
    Claim this Listing
    $265,000

    MULTI_FAMILY - Fargo, ND

    Property Size2,440 SF
    Lot Size0.19 Acres
    Price / SF$108.61
    AddedJul 14
    Days on Market2
    Last RefreshJul 15 at 7:06 pm

    Property Features for 3119-3121 10th Avenue N

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Basement, Bathroom 1, Bedroom 2
    Parking features
    Garage - Detached
    Exterior features
    Aluminum Siding
    Standard status
    Active
    APN
    01126000310000
    Size
    2,440 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2887

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1975

    Listing agent Derek Brandenburg

    Listing office eXp Realty (3788 FGO) 3788 55th Ave S Ste 202, White Bear Lake, ND

    Listing date Jul 14, 2026

    MLS# 7108950 Listing URL

    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.

    This side-by-side duplex includes two units, each with 3 bedrooms and 1 bathroom. Each unit has its own garage stall. The 3119 unit is vacant and has been updated with new carpet, paint, and newer appliances. The 3121 unit is occupied by a month-to-month tenant.

    The property is located in Fargo, North Dakota, at 3119–3121 10th Avenue N in Cass County, near NDSU campus.

    With two separate residences in a duplex configuration, this property supports either an owner-occupied setup or an income-focused arrangement through the existing month-to-month tenant in 3121.

    Key Highlights

    • Side‑by‑side duplex built in 1975 near NDSU campus
    • Each unit offers 3 bedrooms and 1 bathroom, plus its own detached garage stall
    • Unit 3119 is vacant and updated with new carpet, paint, and newer appliances

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $33.7k $13.80
    − Vacancy −$2.2k −$0.90
    EGI $31.5k $12.90
    − OpEx −$9.4k −$3.87
    NOI $22.0k $9.03
    2,440 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $314.8K
    $275.5K – $367.3K (±1% cap)
    NOI $22,038 @ 7.0% cap · market cap 8.32%
    Second Best
    Apartment 5plus
    $288.2K
    $252.2K – $336.3K (±1% cap)
    NOI $20,175 @ 7.0% cap · market cap 7.61%
    Theoretical Best
    Office A
    $529.3K
    $463.1K – $617.5K (±1% cap)
    NOI $37,051 @ 7.0% cap · market cap 13.98%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    (Bike/Boat/Book/etc) Store Law Firm Bakery Parking Lot & Garage (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Barber Shop Hair Salon Acupuncture Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Side-by-side duplex with two 3-bedroom, 1-bath units and a dedicated garage stall for each side.
    Where is this duplex located?
    The property is located at 3119-3121 10th Avenue N Fargo, ND.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Side‑by‑side duplex built in 1975 near NDSU campus; Each unit offers 3 bedrooms and 1 bathroom, plus its own detached garage stall; Unit 3119 is vacant and updated with new carpet, paint, and newer appliances
    Contact an agent
    (612) 751-9303
    We can help!
    Contact an agent
    Derek Brandenburg
    Derek Brandenburg
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