Duplex with Separate
For Sale
$219,000
714 Oak St N, Fargo, ND 58102
Single-story duplex configuration with a four-bedroom, two-bath main residence and an additional one-bedroom apartment.
Property Size1,962 SF
Price / SF$111.62
Days on Market55
Property Features for 714 Oak St N
General Information
Standard status
Active
Size
1,962 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Horace Mann Neighborhood
Building Details
Year Built
1922
Listing Agency:
Remax Lakes Region
Listed By:
The Elm Group brokered by REAL
(701) 446-7249
Source:
Realelmgroup
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 24 at 4:54PM
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 Remax Lakes Region
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Investment Insights
Based on property information with market context.
Built in 1922, this duplex property includes a single-story four-bedroom, two-bath main residence. A separate 644-square-foot, one-bedroom apartment with a basement is positioned at the rear of the lot near the alley, creating additional flexibility within the property’s layout.
The secondary space can support rental use, office needs, or personal recreation, subject to applicable requirements. The property is located at 714 Oak St N in Fargo, North Dakota, and the main residence is described as well maintained.
The secondary space can support rental use, office needs, or personal recreation, subject to applicable requirements. The property is located at 714 Oak St N in Fargo, North Dakota, and the main residence is described as well maintained.
Key Highlights
- Four‑bedroom, two‑bath main residence
- Separate 644‑square‑foot, one‑bedroom apartment
- Rear apartment includes a basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,721
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,420
$354.4K
Cap Rate 7%
$253,157
$253.2K
Cap Rate 9%
$196,900
$196.9K
Market Conditions
NOI Build-Up for 1,962 SF
Gross rent
$27.1K $13.80/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$25.3K $12.90/SF
− OpEx
−$7.6K −$3.87/SF
NOI
$17.7K $9.03/SF
Area
Fargo, 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%
$354,420
Cap Rate 7%
$253,157
Cap Rate 9%
$196,900
Alternative Uses
Best Use
Multifamily LT 5
$253.2K
$221.5K – $295.4K
NOI $17,721 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$231.8K
$202.8K – $270.4K
NOI $16,223 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$425.6K
$372.4K – $496.6K
NOI $29,793 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,146
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Single-story duplex configuration with a four-bedroom, two-bath main residence and an additional one-bedroom apartment.
Where is this duplex located?
The property is located at 714 Oak St N Fargo, ND.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Four‑bedroom, two‑bath main residence; Separate 644‑square‑foot, one‑bedroom apartment; Rear apartment includes a basement
