727 3rd St N

Fargo, ND 58102

$345,000
Price
8
Beds
5
Baths
3,187 Sq. Ft.
$108 / Sq. Ft.
3,187
Sq. Ft.
$108
per Sq. Ft.

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...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
  1. Listed by Raboin Realty

Property Details for 727 3rd Street North

Subdivision Name
Lindsays
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 03/05/2026 12:14 PM

Property Details for 727 3rd Street North

StatusActive
MLS #7027590
Days on Compass17
Taxes$5,547 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1902
Lot Size0.13 AC / 5,880 SF
CountyCass County

Location

Listing Courtesy of Raboin Realty
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Building Information for 727 3rd Street North

Stories-Residences4Year Built1902Building Size-Lot Size0.13 AC / 5,880 SF

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Property Information for 727 3rd Street North

Summary
Location and General Information
  • City Name: Fargo
  • County Or Parish: Cass
  • County: Cass-ND
  • Directions: From 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.
  • Latitude: 46.883821
  • Longitude: -96.782732
  • Map Coordinate: 999-A1
  • City and Location: Fargo
  • City and Location Text: Fargo(ND)
  • Postal Code: 58102
  • State Or Province: ND
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 01176000071000
  • Tax Annual Amount: $5,547.00
  • Tax Legal Description: LINDSAYS ADDN LT 7 BLK 1
  • Tax Other Annual Assessment Amount: $3,133.84
  • Tax Year: 2024
  • Tax With Assessments: 5547
School Information
  • High School: Fargo North
  • High School District: 469 - Fargo
  • School District Number: 469
Property
Lot Information
  • Above Grade Fin SQFT: 2923.0
  • Below Grade Fin SQFT: 264.0
  • SQFT Total: 3187.0
  • Living Area Units: Square Feet
  • Lot Size Area: 0.135
  • Lot Size Dimensions: 42 x 140
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Type: Residential Income
  • SQFT Main Total: 0
  • Building Area Total: 3900.0
  • Above Grade SqFt Total: 2659
  • Below Grade SqFt Total: 1241
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1241.0
  • Fuel: Electric
Interior Features
  • Basement Type: Block
  • Bathrooms Total Count: 5
  • Bedrooms Total: 8
  • DP Resource: Yes
  • Garage Dimensions: 0
  • Garage Door Height: 0
  • Garage Door Width: 0
  • Garage Square Feet: 0
  • Heating: Baseboard
  • Laundry Features: Common Area
  • Levels: Two
  • Number of Refrigerator: Five
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath 3Qtr: 1
  • Unit Cool System: Window
  • Unit Parking: 1
  • Unit Rooms Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Level: 2nd Level
  • Unit Type Total Rent: 550
  • Unit Furnished: Unfurnished
Unit 2
  • Unit Bath Full: 1
  • Unit Rooms Total: 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Level: Main Level
  • Unit Type Total Rent: 795
  • Unit Furnished: Unfurnished
Unit 3
  • Unit Bath 3Qtr: 1
  • Unit Cool System: Window
  • Unit Monthly Expenses: 250
  • Unit Parking: 1
  • Unit Rooms Total: 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Level: 2nd Level
  • Unit Type Total Rent: 1767
  • Unit Furnished: Furnished
Unit 4
  • Unit Bath Full: 2
  • Unit Cool System: Window
  • Unit Monthly Expenses: 250
  • Unit Parking: 2
  • Unit Rooms Total: 5
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Level: Main Level
  • Unit Type Total Rent: 1066
  • Unit Furnished: Furnished

Property History for 727 3rd Street North

DateEvent & SourcePriceAppreciation
Mar 3, 2026

Price Change

NorthStar #7027590

$345,000
Mar 3, 2026

Listed (Active)

NorthStar #7027590

May 15, 2023

Sold

NorthStar #7368466

$272,500
Apr 21, 2023

Pending

NorthStar #7368466

Jul 19, 2022

Listed (Active)

NorthStar #7368466

$344,900
Dec 31, 2018

Off Market

NorthStar #7368165

Feb 26, 2018

Listed (Active)

NorthStar #7368165

$395,000
DateEvent & SourcePrice
03/03/2026

Price Change

NorthStar #7027590

$345,000
03/03/2026

Listed (Active)

NorthStar #7027590

05/15/2023

Sold

NorthStar #7368466

$272,500
04/21/2023

Pending

NorthStar #7368466

07/19/2022

Listed (Active)

NorthStar #7368466

$344,900
12/31/2018

Off Market

NorthStar #7368165

02/26/2018

Listed (Active)

NorthStar #7368165

$395,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 727 3rd Street North

This home is within Fargo 1 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Horace Mann Elementary School
PublicK to 5

Ben Franklin Middle School
Public6 to 8

North High School
Public9 to 12

Dakota High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

727 3rd Street North is a multi-family home for sale in Fargo, ND 58102. This property was listed for sale on March 3, 2026 by Raboin Realty, it's currently listed at $345,000. It has been on the market for a total of 17 days and was last sold on May 15, 2023. This listing's school district is Fargo 1 School District. Nearby schools include Horace Mann Elementary School, Ben Franklin Middle School and North High School. 727 3rd Street North is a 8-bed, 5-bath, 3,187 sqft multi-family home built in 1902.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Raboin Realty

Based on information submitted to the MLS GRID as of 03/05/2026 12:14 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.