Fargo, ND 58102 727 3rd Street N

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Presented By: Raboin Realty
  • MLS# 7027590
  • 03/03/2026
  • Request Tour
  • Request Info
  • Beds • 8
  • Baths • 5
  • SQFT • 3,187

Home Details

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
Presented By: Raboin Realty

Interior Features for 727 3rd Street N

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths5

Other Interior Features

Above Grade Finished Area2923
BasementBlock
Basement (Y/N)Yes
Below Grade Finished Area264
FuelElectric
Garage Dimensions
Garage Door Width
Garage Square Feet
Laundry FeaturesCommon Area

General for 727 3rd Street N

AccessibilityNone
Additional Parcels Y/NNo
Carport Spaces
CityFargo
ContingencyNone
CountyCass
DirectionsFrom Broadway in downtown Fargo, head north toward 8th Ave N, turn left (west) onto 8th Ave N, then turn left (south) onto 3rd St N; 727 3rd St N will be on the right.
Electric Expense3604
Fuel Expense
Garage Spaces
Gross Income62602
HeatingBaseboard
High SchoolFargo North
High School DistrictFargo
Insurance Expense1750
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area3187
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income40864
New ConstructionNo
Number Of Units Total4
Operating Expense21738
OwnerPaysCommon Area Maintenance, Grounds Care, Snow Removal, Trash Collection
PostalCityFargo
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameLindsays
Tax Annual Amount5547
Tax Year2024
Tenant PaysElectricity
Trash Expense780
Virtual TourClick here
Water Sewer Expense1575
Year Built1902
Zoning DescriptionResidential-Multi-Family

Exterior for 727 3rd Street N

Building Area Total3900
Foundation Area1241
Lot Dimensions42 x 140
Lot Size Area0.135
Parking FeaturesParking Lot
Water SourceCity Water/Connected

Additional Details

Price History

Schools

Middle School N/A
Elementary School N/A
High School Fargo North High School

John Wichmann

Agent
Price $345,000
MLS#7027590
List Date 03/03/2026
Property Type Multi-Family
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