We design and numerically analyze a high-quality (Q)-factor, high modulation depth, multiple Fano resonance device based on periodical asymmetric paired bars in the near-infrared regime. There are four sharp Fano peaks arising from the interference between subradiant modes and the magnetic dipole resonance mode that can be easily tailored by adjusting different geometric parameters. The maximal Q-factor can exceed 105 in magnitude, and the modulation depths ΔT can reach nearly 100%. Combining the narrow resonance line-widths with strong near-field confinement, we demonstrate an optical refractive index sensor with a sensitivity of 370 nm/RIU and a figure of merit of 2846. This study may provide a further step in sensing, lasing, and nonlinear optics.