28 Unit Apartment Complex
$1,850,000
120 8th St N, Fargo, ND 58102
14,688 sqft
Building Size
0.4138 acres
Lot Area
Details:
Description:
Rare opportunity to acquire a 28-unit multifamily complex in a highly desirable downtown location. All units are designed as efficiency apartments, offering simple layouts and cost-effective living that appeals to students, young professionals, and downtown workers.
The property benefits from a strong utility structure with tenants responsible for both heat and electricity, allowing for predictable operating expenses and stable net income. Only a half block from North Dakota State University’s Barry Hall, home to the College of Business provides a built-in tenant base and consistent rental demand.
With its location in the heart of downtown Fargo, residents enjoy walkable access to restaurants, retail, and civic amenities.
The property offers multiple investment strategies: maintain it as a traditional rental complex with reliable long-term occupancy, or convert a portion of the units to short-term rentals to capture premium rental income from visiting faculty, business travelers, and guests seeking downtown access. This dual-strategy potential provides both stability and upside, making Fiddler's Flats a compelling investment for a variety of ownership approaches.
Seller financing a available!
Seller financing is available! Located in the heart of downtown Fargo, this property sits just a half block from North Dakota State University’s Barry Hall and benefits from steady activity generated by students, faculty, professionals, and downtown visitors.
Restaurants, coffee shops, bars, retail, cultural venues, and civic destinations are all within walking distance, creating an amenity-rich setting that supports tenant demand.
The property is also near Sanford Health, offering potential for short-term or mid-term rentals serving medical professionals, visiting families, and traveling patients. With its walkability and proximity to major educational and healthcare institutions, Fiddlers Flat's is well-positioned for continued traditional rental use or conversion to a flexible rental model.
Documents:
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| Offering_Memorandum.pdf |
Location
Gallery
