1115 2nd Ave S Fargo, ND 58103
Downtown Fargo NeighborhoodEstimated payment $3,291/month
Total Views
350
--
Bed
--
Bath
5,816
Sq Ft
$86
Price per Sq Ft
About This Home
Motivated Seller...80k Price Drop
10-plex at $50k/unit!
ATTENTION INVESTORS
1115/1117 and 1121 are being offered together for a total of 10 units. This is a classic, operational value-add opportunity. The current owner has already done the heavy lifting—removing problem tenants and turning units rent-ready—positioning the next owner to benefit from increased occupancy and stabilized income. Tenants pay for electric heat at 1115 and 1117.
Offer consists of two multifamily buildings, an ample paved parking lot, plus a 2-car detached garage.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $7,683
Year Built
- Built in 1902
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 100x140
Parking
- 2 Car Garage
- Parking Lot
- Unassigned Parking
Home Design
- Aluminum Siding
Interior Spaces
- 5,816 Sq Ft Home
- 2-Story Property
Utilities
- Boiler Heating System
- Baseboard Heating
- Separate Meters
Community Details
- 10 Units
- Low-Rise Condominium
- Original Townsite Subdivision
Listing and Financial Details
- Assessor Parcel Number 01224001930000
- $3,150 per year additional tax assessments
Map
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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 | $4,223 | $120,750 | $17,500 | $103,250 |
| 2023 | $4,034 | $115,000 | $17,500 | $97,500 |
| 2022 | $3,643 | $100,000 | $17,500 | $82,500 |
| 2021 | $3,588 | $100,000 | $17,500 | $82,500 |
| 2020 | $3,716 | $107,000 | $17,500 | $89,500 |
| 2019 | $3,371 | $94,650 | $9,000 | $85,650 |
| 2018 | $3,305 | $94,650 | $9,000 | $85,650 |
| 2017 | $3,052 | $86,850 | $9,000 | $77,850 |
| 2016 | $2,847 | $86,850 | $9,000 | $77,850 |
| 2015 | $2,650 | $75,500 | $9,000 | $66,500 |
| 2014 | $2,485 | $67,850 | $9,000 | $58,850 |
| 2013 | $2,505 | $67,850 | $9,000 | $58,850 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/20/2025 09/20/25 | Pending | -- | -- | -- |
| 09/14/2025 09/14/25 | Price Changed | $500,000 | 0.0% | $86 / Sq Ft |
| 09/14/2025 09/14/25 | For Sale | $500,000 | -13.8% | $86 / Sq Ft |
| 06/30/2025 06/30/25 | Off Market | -- | -- | -- |
| 06/07/2025 06/07/25 | Pending | -- | -- | -- |
| 04/05/2025 04/05/25 | For Sale | $580,000 | -- | $100 / Sq Ft |
Source: Fargo-Moorhead Area Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $350,000 | Regencytitle Fargo | |
| Trustee Deed | $139,000 | Fm Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $108,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Source: Fargo-Moorhead Area Association of REALTORS®
MLS Number: 6698091
APN: 01-2240-01940-000
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