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    Fairmont, MN
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    Fairmont, MN Multifamily Properties for Sale

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    Welcome, MN Ceylon, MN Armstrong, IA Blue Earth, MN Sherburn, MN Swea City, IA Winnebago, MN Ormsby, MN
    Lakefront Duplex with Boathouse
    Updated: Aug 2
    Lakefront Duplex with Boathouse

    1334 Oak Beach Dr, Fairmont, MN 56031

    $399,000
    3,862 sqft
    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
    South unit includes a finished basement and screened porch
    Backyard patio with fire pit
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    Mixed-Use Downtown Building
    Updated: May 20
    Mixed-Use Downtown Building

    40 Downtown Plaza, Fairmont, MN 56031

    Contact for pricing
    7,200 sqft
    Two‑story concrete and brick mixed‑use building (1946) in Downtown Fairmont, MN
    Approx. 7,200 SF per level for a total approximate building size of 14,400 SF
    Main level includes a new nail salon plus high‑end TI and equipment
    Main level also features a 5,677 SF warehouse/flex space with one drive‑in overhead door
    Second floor has ten apartments and a common laundry area
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    City Side Estates Apartments
    City Side Estates Apartments

    600 Burton Lane, Fairmont, MN 56031

    Contact for pricing
    36,840 sqft

    36-unit apartment complex in Fairmont, MN, with 19 garages.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 3 Active listings in Fairmont, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Updated Up/Down Duplex
    Updated Up/Down Duplex

    310 4th Ave SE, Mapleton, MN 56065

    $224,900
    2,040 sqft

    Two apartments offer separate driveways, central air conditioning, and distinct interior updates.

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    Updated Up-and-Down Duplex
    Updated Up-and-Down Duplex

    310 SE 4th Avenue, Mapleton, MN 56065

    $224,900
    0.17 AC lot

    Two-unit property with separate utilities, individual HVAC systems, and a detached garage in Mapleton.

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    11-Unit Apartment Building
    11-Unit Apartment Building

    905 E 5th Street, Blue Earth, MN 56013

    $419,900
    0.60 AC lot

    Mixed apartment layouts feature individual utility metering, resident parking, and seller-owned coin laundry.

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    Value-Add Apartment Opportunity
    Value-Add Apartment Opportunity

    830 Moore St., Blue Earth, MN 56013

    Contact for pricing
    19,200 sqft 0.97 AC lot

    Apartment complex with value-add potential in Blue Earth, Minnesota.

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    Off-Market Properties in Fairmont, MN

    Consider similar Off-Market properties in Fairmont, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    829 Edison Dr
    MOBILE HOME PARK, TRAILER PARK

    829 Edison Dr, Fairmont, MN 56031-1622

    $245,000
    Estimated value
    708 sqft 1.98 AC lot
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    818 Edison Dr
    MOBILE HOME PARK, TRAILER PARK

    818 Edison Dr, Fairmont, MN 56031-1621

    $260,000
    Estimated value
    624 sqft 0.23 AC lot
    View details
    1301 Winnebago Ave
    MOBILE HOME PARK, TRAILER PARK

    1301 Winnebago Ave, Fairmont, MN 56031-3652

    $605,000
    Estimated value
    34.12 AC lot
    View details

    Fairmont, MN Multifamily Properties Market Trends and Statistics

    Explore 6 multifamily properties for sale in Fairmont, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 47,902 square feet of properties for sale, with an estimated market value of $399,000.

    Sale prices for multifamily properties in Fairmont, MN average $399,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 2
    Duplexes 1

    Demographics Overview

    Population 12K
    Population Growth (5Y) -0.4%
    Median Household Income $61,475
    College Educated 35.0%

    High-Yield Neighborhoods for Investment

    Identify Fairmont submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    56031 $399K

    Taxes & Financing

    Tax Rate (average for all types) 2.60%
    Property Tax per SF $49.48 per SF
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Fairmont fall within the 50,000 to 100,000 square foot range.

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