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Five-Unit Apartment Building
For Sale
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609 3rd Street N, Fargo, ND 58102

Five-unit apartment building with newer shingles, some newer windows, and in-unit stoves and refrigerators.

Property SizeContact for details
Days on Market111

Property Features for 609 3rd Street N

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 5

Amenities

on-site laundry
storage shed

Building Details

Tenancy Multi
Listing Agency: Better Homes and Gardens Real Estate Advantage One
Listed By: Gary Groom · License #MN 780126
Source: Crexi
Added: Apr 23 Changed: Aug 8 Last Checked: Jul 23 at 11:32AM

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 Better Homes and Gardens Real Estate Advantage One

Investment Insights

Based on property information with market context.

This five-unit apartment building is offered for sale with a long owner history of over 25 years. Improvements noted include newer shingles and some newer windows. Each unit is set up with its own stove and refrigerator. Tenants in units 2 and 3 pay their own electric, and there is on-site pay laundry located in the basement. The property also includes garages that may be used as extra rental income, plus an additional storage shed in the back.

The building is located at 609 3rd Street N in Fargo, ND 58102, and is described as being in a convenient downtown location.

There is nicely landscaped grounds, and the upstairs unit is described as quite large with a walk-in closet. The home has potential to be converted to a single-family residence, according to the current remarks.

Key Highlights

  • 5‑unit apartment building; newer shingles and some newer windows
  • Each unit has its own stove and refrigerator
  • Tenants in 2 and 3 pay their own electric

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Locksmith Electrical Service Grocery & Convenience Store Restaurant (Bike/Boat/Book/etc) Store Pet Grooming Service

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

5
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,952
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 - Five-unit apartment building with newer shingles, some newer windows, and in-unit stoves and refrigerators.
Where is this apartment building located?
The property is located at 609 3rd Street N Fargo, ND.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 5‑unit apartment building; newer shingles and some newer windows; Each unit has its own stove and refrigerator; Tenants in 2 and 3 pay their own electric
More about this property
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