28 Unit Apartment Complex
$1,950,000
120 8th St N, North River, 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.
Located in the heart of downtown Fargo, this property sits in one of the city’s most vibrant and revitalized areas. Just a half block from North Dakota State University’s Barry Hall, home to the College of Business, the location benefits from a steady stream of students, faculty, and professionals who frequent the area daily.
Surrounded by an abundance of restaurants, coffee shops, and bars, the property also offers residents or guests direct access to Fargo’s active downtown scene. Broadway’s retail corridor, cultural venues, and civic anchors are all within walking distance, creating an amenity-rich environment that supports strong tenant demand.
The property is also well-positioned near Sanford Health, making it attractive for conversion to short-term or mid-term rentals catering to medical professionals, visiting families, and traveling patients. With its central downtown location, walkability, and proximity to both educational and healthcare institutions, Fiddlers Flat's is ideally situated for continued use as a traditional rental or repositioning into a high-demand flexible rental model.
Documents:
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| Offering_Memorandum.pdf |
Location
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