1002 5th St N Fargo, ND 58102
Horace Mann NeighborhoodEstimated payment $1,650/month
Highlights
- Corner Lot
- 3 Car Detached Garage
- Baseboard Heating
- Horace Mann Roosevelt Elementary School Rated 9+
- Enclosed Patio or Porch
- Coin Laundry
About This Home
Fantastic Investment Opportunity in North Fargo! Well-located, fully rented 4-plex with a strong rental history and current monthly income of $3,325. All units have been freshly painted, and retro foam insulation was added in 2024, complete with a transferable lifetime warranty. The property features three 1-bedroom/1-bath units and one 2-bedroom/1-bath unit. Units 3 and 4 are furnished, and sellers will leave the furnishings as-is, adding immediate value and flexibility for investors. Tenants enjoy a 3-stall garage plus a wide driveway offering additional off-street parking. Recent updates include new refrigerators in Units 1 and 3, a new stove in Unit 2, new electric baseboard heating in the storage room, and a new washer in the shared laundry room. The foundation was evaluated and repaired in 2024, and the gutters were professionally cleaned in 2024 as well. A well-maintained, turn-key rental property ready to add to your portfolio! Call your favorite Realtor today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,624
Year Built
- Built in 1900
Lot Details
- Lot Dimensions are 49.5x140
- Corner Lot
Parking
- 3 Car Detached Garage
Home Design
- Quadruplex
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
- Basement
- Block Basement Construction
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Schools
- Fargo North High School
Additional Features
- Enclosed Patio or Porch
- Baseboard Heating
Listing and Financial Details
- The owner pays for common area maintenance, electricity, exterior maintenance, gas, hot water, insurance, grounds care, repairs, sewer, taxes, trash collection, water
- Assessor Parcel Number 01328000120000
Community Details
Overview
- 4 Units
- Truesdells 2Nd Subdivision
Amenities
- Coin Laundry
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,002 | $141,550 | $17,500 | $124,050 |
| 2023 | $4,779 | $134,800 | $17,500 | $117,300 |
| 2022 | $3,788 | $116,000 | $17,500 | $98,500 |
| 2021 | $3,725 | $116,000 | $17,500 | $98,500 |
| 2020 | $3,680 | $116,000 | $17,500 | $98,500 |
| 2019 | $3,523 | $110,500 | $14,000 | $96,500 |
| 2018 | $3,480 | $110,500 | $14,000 | $96,500 |
| 2017 | $2,556 | $79,350 | $7,000 | $72,350 |
| 2016 | $2,112 | $79,350 | $7,000 | $72,350 |
| 2015 | $1,961 | $69,000 | $7,000 | $62,000 |
| 2014 | $1,781 | $61,000 | $7,000 | $54,000 |
| 2013 | $1,783 | $61,000 | $7,000 | $54,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/13/2026 03/13/26 | Pending | -- | -- | -- | |
| 03/07/2026 03/07/26 | Price Changed | $275,000 | -6.7% | $96 / Sq Ft | |
| 03/03/2026 03/03/26 | Price Changed | $294,900 | -4.8% | $103 / Sq Ft | |
| 02/06/2026 02/06/26 | For Sale | $309,900 | +8.8% | $109 / Sq Ft | |
| 08/30/2024 08/30/24 | Sold | -- | -- | -- | View Prior Sale |
| 08/06/2024 08/06/24 | Pending | -- | -- | -- | |
| 07/23/2024 07/23/24 | Price Changed | $284,900 | +1.8% | $100 / Sq Ft | |
| 06/11/2024 06/11/24 | Price Changed | $279,900 | -3.4% | $98 / Sq Ft | |
| 05/28/2024 05/28/24 | For Sale | $289,900 | -- | $102 / Sq Ft |
Source: NorthstarMLS
MLS Number: 7017918
APN: 01-3280-00120-000
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Based on information submitted to the MLS GRID
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