120 8th St N
Property 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!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,850,000 |
| No. of Units: | 28 |
| Year Built: | 1964 |
| Lot Size: | 0.41 Acres |
| Opportunity Zone: | No |
| Price per unit: | $66,071 |
| Property Website | Click Here |
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Remax Real Estate Professionals
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Jared Ennis
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Rick Recckio
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Greg Corbin
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Essex Property Trust, Inc.
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Josh A
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Bob Tuteur
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Andrew Schildcrout