Prairie Rose Lofts

For Sale

506 Roberts St N, Fargo, ND 58102

This Fargo property for sale is located at 506 Roberts St N. The current listed sale price for Prairie Rose Lofts is $865,000. Prairie Rose Lofts is situated on a lot that is 0.29 acre in size.

Contacts

broker

David Schlossman, CCIM

Horizon Real Estate Group

Property Details

  • Property Type Multi-Family
  • Property Size 6,069 SF
  • Units 12
  • Lot Size 0.29 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1913
  • Year Renovated 2024
  • Date Updated Sep 16, 2024
In the heart of downtown, this property offers a prime location within walking distance to an array of coffee shops, bars, eateries, and boutiques in Fargo's vibrant downtown. Additionally, it is conveniently situated near North Dakota State University (NDSU) and major employers such as RDO, Bell Bank, and Sanford Health. The combination of proximity to these key destinations and the dynamic atmosphere of downtown makes this location exceptionally desirable.Introducing a prime investment opportunity in the heart of Fargo-Moorhead! This meticulously renovated 6,069 SF mid-rise multifamily property features 12 units, with immediate value and 100% occupancy. Originally built in 1913 and thoughtfully modernized in 2024, it combines historic charm with contemporary comfort. Strategically located in vibrant downtown Fargo, it is ideally situated near North Dakota State University (NDSU) and major employers such as Sanford Health, RDO, and Bell Bank. Zoned for downtown mixed-use (DMU), the property offers versatile potential for both residential and commercial uses. Notably, there is an exceptional opportunity to convert a portion of the units to midterm rentals to capitalize on the proximity to Sanford Health's downtown campus. With its prime location, strong rental demand, and the potential for added revenue through midterm rentals, this asset is poised to deliver long-term returns for the discerning multifamily investor. Seize the chance to invest in this exceptional property and become a part of the dynamic Fargo-Moorhead real estate market today.

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Getting around

  • 93/100

    Walk Score ®

  • 42/100

    Transit Score ®

  • 75/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Fargo, ND
  • Neighborhood Downtown Fargo
  • Zip Code 58102

Points of Interest

  • Main Avenue Depot Building (Fargo Parks)

    0.46 miles

  • Casey's General Store

    0.25 miles

  • Shell

    0.49 miles

  • Holiday

    0.49 miles

  • Cenex

    0.56 miles

  • Casey's General Store

    1.59 miles

  • Holiday

    1.61 miles

  • Ted's Northport Tesoro

    2.11 miles

  • Exxon

    2.62 miles

  • Loaf 'N Jug

    2.87 miles

  • Casey's General Store

    2.94 miles

  • Roberts Commons Garage

    0.19 miles

  • Sanford Parking Lot 4N

    0.19 miles

  • Sanford Parking Lot 3N

    0.22 miles

  • Sanford Parking Lot 2N

    0.25 miles

  • Sanford Parking Lot 14N

    0.26 miles

  • 2nd Avenue South Lot

    0.26 miles

  • Civic Center Ramp

    0.28 miles

  • N.P. Lot/Old Broadway

    0.40 miles

  • 4th Street Lot

    0.47 miles

  • Main Avenue Lot

    0.48 miles

  • Radisson Hotel Fargo

    0.26 miles

  • Scandia Hotel

    0.29 miles

  • Hotel Donaldson

    0.30 miles

  • Candlewood Suites

    1.76 miles

  • Days Inn & Suites Fargo 19th Ave/Airport Dome

    1.80 miles

  • Homewood Suites

    1.85 miles

  • WoodSpring Suites

    2.34 miles

  • Baymont

    2.49 miles

  • Ramada by Wyndham Fargo

    2.50 miles

  • Rodeway Inn

    2.51 miles

  • Family Fare

    0.52 miles

  • Hornbacher's Express

    1.66 miles

  • Southside Center

    1.79 miles

  • South Plaza

    1.90 miles

  • Hornbacher's

    2.01 miles

  • Cash Wise Foods

    2.62 miles

  • West Acres Shopping Center

    3.15 miles

  • Hornbacher's Foods

    3.15 miles

  • Macy's

    3.15 miles

  • JCPenney

    3.24 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

David Schlossman, CCIM

Horizon Real Estate Group