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Lakefront Duplex with Boathouse
For Sale
$399,000

1334 Oak Beach Dr, Fairmont, MN 56031

Two residential units offer separate garages, flexible living areas, and outdoor spaces overlooking Budd Lake.

Property Size3,862 SF
Price / SF$103.31
Days on Market29

Property Features for 1334 Oak Beach Dr

General Information

Standard status Active
Size 3,862 SF
Total Parking Spaces 2
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Amenities

boathouse
patio with fire pit

Building Details

Year Built 1952
Buildings 1
Listing Agency: Edina Realty
Listed By: Julie Liljenquist
Source: Vibemn
Added: Aug 2 Changed: Aug 28 Last Checked: Aug 29 at 11:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Edina Realty

Investment Insights

Based on property information with market context.

Built in 1952, this 3,862-square-foot duplex contains two side-by-side residential units along Budd Lake. Each side includes an eat-in kitchen, combined living and dining areas, a den or office, two upper-level bedrooms, and a dedicated single-car garage. The south unit adds a screened porch, gas fireplace, finished basement, family room, office, walk-in closet, and a 3/4 bath with tiled walk-in shower. The north unit has a move-in-ready layout with a main-level den or bedroom and full bath, plus a 3/4 bath upstairs.

Outdoor improvements include a lakeside boathouse, backyard patio, and fire pit. The property also has a new energy-efficient boiler system and low-maintenance exterior. Located at 1334 Oak Beach Dr in Fairmont, the duplex is minutes from downtown, parks, and trails, with lake views from the property.

Key Highlights

  • 3,862‑square‑foot duplex built in 1952
  • Two side‑by‑side units, each with a private single‑car garage
  • Lakeside boathouse overlooking Budd Lake

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Building Supply Pharmacy Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

116
Businesses Nearby

Demographics for 56031, MN

12,117
Population
5,771
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
95%
High-School Grad
156.3 sq mi
ZIP Area
78
Density / Sq Mi
$61,373
Median Household Income
$43,168
Median Earnings
$719
Median Rent
$175,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer separate garages, flexible living areas, and outdoor spaces overlooking Budd Lake.
Where is this duplex located?
The property is located at 1334 Oak Beach Dr Fairmont, MN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 3,862‑square‑foot duplex built in 1952; Two side‑by‑side units, each with a private single‑car garage; Lakeside boathouse overlooking Budd Lake
More about this property
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