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MLS# 7027590 - 727 3rd Street N Fargo, ND 58102

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

Raboin Realty is the brokerage office representing the owner for this listing.
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Heartland Real Estate | Melanie Mix is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Heartland Real Estate | Melanie Mix, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 3/3/2026 2:26:00 PM.