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Neal Lawson

neal@mndreamteam.com +1(612) 418-5892

$ 329,000

Est. payment -/mo

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Active

1809 13 1/2 ST S Fargo, ND 58103

8 Beds

4 Baths

4,092 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,092 sqft

Price per Sqft $80

Subdivision Bohnsacks 2Nd

MLS Listing ID 7052442

Bedrooms 8

Year Built 1957

Annual Tax Amount $3,851

Tax Year 2025

Contingent None

Lot Size 10,497 Sqft

Lot Dimensions 70x150

Property Sub-Type Fourplex

Property Description

Rare on-market 4plex investment opportunity near Sanford university & interstate. Building was acquired as part of a large portfolio purchase. INVESTOR INFO: All units are 2 bed/1bath. Additional storage units on top floor hallways. Building does NOT have garages, just parking. Photos are generic photos from turned units.

Unit 1: $714 lease thru 7/31/26
Unit 2: 782 lease thru 4/30/27
Unit 3: $692 lease thru 3/31/27
Unit 4: $757 lease thru 10/31/26

Market rent roll for this building: $2945/mo ADDITIONAL INCOME Property does have RUBS implemented AKA tenants pay their own utilities on a ratio billing system. Transferrable to next owner. In February approx $300 was collected from tenants in utility reimbursement/income Property does have laundry income.
EXPENSES: Property Management: Buyer can estimate Insurance: Buyer can estimate, many carriers in ND differ on pricing and coverage. Utilities: Buyer to project and plan for themselves. Water/Sewer/garbage/Gas averaged $278/mo last year. Snow & Lawn: Buyer can quote and estimate, cost can vary. Repairs & Maintenance: Unit turns and property improvements can be estimated by buyer. More in-depth costs can be shared with buyer as part of a due diligence. SHOWINGS: Unit 2 in building 1813 is empty and available for showings. This is the only unit available for showing. Other units will be made available during due diligence with contracted buyer. 1805 & 1813 neighboring 4plexes are available as a larger package if interested.

Location

State ND

County Cass

Zoning Residential-Multi-Family

Rooms

Basement Other

Interior

Heating Boiler

Fireplace No

Laundry Lower Level

Exterior

Parking Features Gravel, Parking Lot

Roof Type Architectural Shingle

Building

Story Split Entry (Bi-Level)

Foundation 2046

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Split Entry (Bi-Level)

New Construction false

Schools

High Schools Fargo South

School District Fargo

Listed by Kyle Reedstrom • REAL (3961 WF)

NEARBY SCHOOLS & PROPERTIES

Neal Lawson

Broker Associate | License ID: 502039225

+1(612) 418-5892

Neal Lawson

1809 13 1/2 ST S Fargo, ND 58103

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

NEARBY SCHOOLS & PROPERTIES

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