Multifamily Investment
For Sale
Contact for pricing
420 10TH AVE N, Fargo, ND 58102
Multifamily property for sale with 100% occupancy and an established rental performance.
Property Size4,785 SF
Price / SF$94.04
Days on Market92
Property Features for 420 10TH AVE N
General Information
Standard status
Active
Size
4,785 SF
Property subtype
Multifamily
Occupancy
100%
Listing Agency:
KW Commercial Fargo-Moorhead
Listed By:
Jeff Shipley · License #6956
Source:
Crexi
Added: May 7
Changed: Jul 23
Last Checked: Aug 5 at 5:54AM
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 KW Commercial Fargo-Moorhead
Investment Insights
Based on property information with market context.
This for-sale multifamily property is presented as a turnkey income asset with 100% occupancy. The offering is positioned for investors looking for a residential income property with a demonstrated rental record.
The property is located at 420 10TH AVE N in Fargo, North Dakota (58102). The seller highlights strong rental performance and ongoing demand within the local Fargo market.
The asset is categorized as an “other multifamily” / residential income property, providing a straightforward residential income profile for buyers evaluating income-producing real estate in Fargo.
The property is located at 420 10TH AVE N in Fargo, North Dakota (58102). The seller highlights strong rental performance and ongoing demand within the local Fargo market.
The asset is categorized as an “other multifamily” / residential income property, providing a straightforward residential income profile for buyers evaluating income-producing real estate in Fargo.
Key Highlights
- Multifamily property for sale with 100% occupancy.
- Established rental performance with a strong rental history.
Financial Insights For Apartment 5plus
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 | $77.5k | $16.20 |
| − Vacancy | −$5.6k | −$1.17 |
| EGI | $71.9k | $15.03 |
| − OpEx | −$32.4k | −$6.77 |
| NOI | $39.6k | $8.27 |
4,785 SF · lease $16.20/SF/yr · vacancy 7.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$565.2K
$494.6K – $659.4K
NOI $39,565 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$908.2K – $1.21M
NOI $72,659 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,796
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property for sale with 100% occupancy and an established rental performance.
Where is this multifamily property located?
The property is located at 420 10TH AVE N Fargo, ND.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Multifamily property for sale with 100% occupancy.; Established rental performance with a strong rental history.
