Affinity Real Estate in Park Rapids MN
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/
29
MLS 7027590
Residential 8 bedrooms 5.00 baths

$345,000

727 N 3rd Street
Fargo ND 58102

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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

Additional Details

Year Built: 1902
Living Area: 3187 sf
Bedrooms: 8
Bathrooms: 5
Acres: 0.135 Acres
Lot Dimensions: 42 x 140
School District: 469
Subdivision: Lindsays
County: Cass
Taxes: $5,547
Taxes with Assessments: $5,547
Tax Year: 2024

Additional Features

Basement: Block
Fuel: Array
Sewer: City Sewer/Connected
Water: City Water/Connected

Listing Status

Active
2026-03-04 00:19:39 Date Listed
2026-03-04 00:19:39 Last Update
2026-03-04 00:19:39 Last Photo Update

Listed by Raboin Realty

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Affinity Real Estate Inc
600 Park Avenue South / PO Box 512
Park Rapids, MN 56470

218-237-3333

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216.73.216.132

Affinity Real Estate in Park Rapids MN
MAIN MENU   |   RESIDENTIAL  |  7027590