$345,000

727 3rd Street N, Fargo, ND 58102

  • 8 beds |
  • 5 baths |
  • 3,187 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1902
  • Property Lot Size Icon5,881sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $108/sqft
  • Property List Date Icon Listed 6 days ago

Property Description

This 5-unit property represents a perfectly balanced "hybrid" investment, engineered for both stability and high yield performance. By diversifying the tenant base, the property captures the best of both worlds: three long-term units provide a reliable, steady foundation of monthly income that covers operating expenses and debt service, while two units are dedicated to the short-term rental market. These STR units capitalize on peak seasonal rates and travel demand, significantly boosting the property’s gross income and driving an oversized cash-on-cash return that far outpaces traditional multi-family assets. For the savvy investor, this complex is a turnkey & cash flowing that pairs the security of a classic apartment building with the upside of the hospitality industry. Basement has finished storage units ready to use for extra income plus a basement studio apartment currently used for storage. **24 hour notice required for all showings. Owner/agent

Listing Status:
Active
Data Last Updated:
March 10, 2026 at 4:18AM
Listing Office:
Raboin Realty :
MLS ID:
7027590
  • Laundry: Common Area
  • Basement: Block
  • Heating: Baseboard
  • Parking: Parking Lot
  • General: Two
  • Originating MLS: northstar
  • School District: Fargo
  • County: Cass
  • Zoning: 01176000071000
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected
  • Source: northstar

This listing courtesy of Raboin Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Horace Mann Roosevelt Elementary School

1025 3rd St N, Fargo, ND, 58102

Grades KG-5

0.26 miles away

B

Ben Franklin Middle School

1420 8th St N, Fargo, ND, 58102

Grades 6-8

0.94 miles away

N

North High School

801 17th Ave N, Fargo, ND, 58102

Grades 9-12

1.43 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.