This 4plex was built in 1984 BY THE OWNER.
He's owned it for over 40 years.
Gross monthly rent is currently $2,325. All units are month-to-month. Owner has kept rents low since the building has had long term tenants stay.
Each unit has a garage stall.
Current rents compared to market rents:
Unit 1 (2 bed)-$600-->$750
Unit 2 (2 bed)-$450-->$750
Unit 3 (2 bed)-$625-->$750
Unit 4 (3 bed)-$650-->$900
Gross rents if rents are improved: $3,150
Opportunity to go higher if units had updated cosmetics.
Laundry income also averages about $75/ month on top of that.
Owner pays electric for common space hallway and water/sewer/garbage for the building.
Tenants pay electric for their unit.
Notice for pending special assessment for Main Ave road project of an estimated $919.41. (attached in documents)
Closed
Price Unknown
1605 5th Ave S, Fargo, ND 58103
9beds
4baths
3,568sqft
Fourplex
Built in 1984
-- sqft lot
$324,300 Zestimate®
$--/sqft
$1,380 Estimated rent
Home value
$324,300
$308,000 - $341,000
$1,380/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Mason Peterson 701-955-3703,
REAL (3961 WF)
Bought with:
Emily Christofferson-Zarak
NextHome Legendary Properties
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7073007
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
Heating
- Baseboard
Appliances
- Laundry: Common Area, Lower Level, Laundry Room, Coin-op Laundry Leased
Features
- Basement: Finished
Interior area
- Total structure area: 3,568
- Total interior livable area: 3,568 sqft
- Finished area above ground: 1,784
- Finished area below ground: 1,784
Property
Parking
- Total spaces: 4
- Parking features: Detached Garage
- Garage spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
Lot
- Size: 6,969 Square Feet
- Dimensions: 50 x 140
Details
- Foundation area: 1784
- Parcel number: 01034000500000
- Zoning description: Residential-Multi-Family,Residential-Single Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fourplex
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Gas: Electric
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Case Peake & Halls
HOA
- Amenities included: Coin-op Laundry Leased
Location
- Region: Fargo
Financial & listing details
- Tax assessed value: $286,500
- Annual tax amount: $4,275
- Date on market: 5/14/2026
- Cumulative days on market: 41 days
- Tenant pays: Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 7/27/2026 | Sold | -- |
Source:  NorthstarMLS as distributed by MLS GRID #7073007 Report a problem | ||
| 6/24/2026 | Pending sale | $315,000$88/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7073007 Report a problem | ||
| 5/14/2026 | Listed for sale | $315,000$88/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7073007 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,016 +20.5% | $286,500 |
| 2024 | $4,164 +5.4% | $286,500 +5% |
| 2023 | $3,951 +10.6% | $272,900 +13% |
| 2022 | $3,573 +6.7% | $241,500 +5% |
| 2021 | $3,348 +6.2% | $230,000 +5% |
| 2020 | $3,153 -4.9% | $219,000 |
| 2019 | $3,316 +1.3% | $219,000 |
| 2018 | $3,274 +7.4% | $219,000 +113.1% |
| 2017 | $3,048 +10% | $102,750 |
| 2016 | $2,771 -1.5% | $102,750 +5% |
| 2015 | $2,813 +11.7% | $97,850 +15% |
| 2014 | $2,517 -2.7% | $85,100 +2% |
| 2013 | $2,589 -23.7% | $83,450 |
| 2012 | $3,393 +1.4% | $83,450 +3% |
| 2011 | $3,346 +2% | $81,000 +2% |
| 2010 | $3,280 +0.8% | $79,400 |
| 2009 | $3,255 | $79,400 |
Find assessor info on the county website
Neighborhood: Jefferson/Carl Ben
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Nearby schools
GreatSchools rating
- 2/10Jefferson Elementary SchoolGrades: K-5Distance: 0.1 mi
- 6/10Ben Franklin Middle SchoolGrades: 6-8Distance: 2 mi
- 8/10North High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- High: Fargo North
Source: NorthstarMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- North Dakota
- Cass County
- Fargo
- 58103
- Jefferson/Carl Ben
- 1605 5th Ave S
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