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    Farmington, MN Multifamily Properties for Sale

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    Lakeville, MN Rosemount, MN Apple Valley, MN
    Updated Triplex with Single-Family Home
    $400,000
    4,306 SF
    Updated Triplex with Single-Family Home

    600 Oak Street, Farmington, MN 55024

    Updated triplex plus a separate single-family home with off-street parking, offering flexible owner-occupant or investor use.
    • Updated triplex on one parcel: 1‑bedroom/1‑bath plus two 2‑bedroom/1‑bath units
    • Separate single‑family home on the same parcel with 2 bedrooms and 1 bathroom
    • Triplex units were updated within the last five years with updated kitchens, baths, flooring, and fixtures
    • Additional features include off‑street parking for the property
    • Year built 1900 with oil heating and fiber board exterior
    Updated: May 19
    View details
    Based on your search, we've compiled 35 Potential Opportunities for your consideration. Besides 1 Active listings in Farmington, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 26 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Duplex with Attached 3-Car Garage
    $315,000
    1,440 SF
    Duplex with Attached 3-Car Garage

    Two separate 2-bedroom units with their own utilities make this duplex practical for owner-occupant or investor use.

    439 7th Avenue S, South Saint Paul, MN 55075

    View details
    Side-by-Side Duplex with Garage
    $425,000
    2,192 SF
    Side-by-Side Duplex with Garage

    Side-by-side duplex offers two separate units, each with private entrances and lower-level utility spaces.

    222 Buron Lane, South Saint Paul, MN 55075

    View details
    Minneapolis Multifamily Investment Opportunity
    $990,000
    Minneapolis Multifamily Investment Opportunity

    Eight-unit multifamily property in South Minneapolis with value-add potential.

    5733 Bossen Terrace, Minneapolis, MN 55417

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    Richfield Multifamily Investment Opportunity
    $2,400,000
    10,649 SF
    Richfield Multifamily Investment Opportunity

    21-unit apartment building in desirable Richfield submarket.

    7427 Penn Ave S, Minneapolis, MN 55423

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Development Land Off Freeway
    $799,000
    9.20 Acres
    Development Land Off Freeway

    Multi-purpose acreage near the freeway offers flexibility for a range of development concepts.

    101 Morris Avenue, Hinckley, MN 55037

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    Aitkin Lots & Land
    Contact for pricing
    0.14 Acres
    Aitkin Lots & Land

    Double lot in Sherwood Forest with shared amenities.

    L 3&4 B3 London Town, Aitkin, MN 56431

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    Lakeshore Recreation Land Parcel
    $124,900
    9.30 Acres
    Lakeshore Recreation Land Parcel

    Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

    Tripp, Fulda, MN 56131

    View details
    Land for Multi-Family Housing
    $249,900
    2.16 Acres
    Land for Multi-Family Housing

    2.16 acre lot zoned for multi-family housing development.

    1610 7th Avenue E, Alexandria, MN 56308

    View details

    Off-Market Properties in Farmington, MN

    Consider similar Off-Market properties in Farmington, 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.

    26410 Galaxie Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,370 SF Lot: 4.85 Acres
    Value Estimation by Request

    26410 Galaxie Ave, Farmington, MN 55024-1573

    View details
    1020 3rd St
    APARTMENT HOUSE (5+ UNITS)
    18,372 SF Lot: 0.50 Acres
    Estimated value
    $1,710,000

    1020 3rd St, Farmington, MN 55024-1562

    View details
    515 Elm St
    APARTMENT HOUSE (5+ UNITS)
    15,600 SF Lot: 0.47 Acres
    Estimated value
    $1,845,000

    515 Elm St, Farmington, MN 55024-1165

    View details
    600 Oak St
    APARTMENT HOUSE (5+ UNITS)
    4,306 SF Lot: 0.25 Acres
    Value Estimation by Request

    600 Oak St, Farmington, MN 55024-1385

    View details
    1321 Centennial Dr
    APARTMENT HOUSE (5+ UNITS)
    16,696 SF Lot: 0.88 Acres
    Estimated value
    $1,665,000

    1321 Centennial Dr, Farmington, MN 55024-7600

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    1337 Centennial Dr
    APARTMENT HOUSE (5+ UNITS)
    19,195 SF Lot: 0.88 Acres
    Estimated value
    $1,035,000

    1337 Centennial Dr, Farmington, MN 55024-7601

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    303 Pne St
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,214 SF Lot: 0.45 Acres
    Value Estimation by Request

    303 Pne St, Farmington, MN 55024-1039

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    811 8th St
    APARTMENT HOUSE (5+ UNITS)
    19,913 SF Lot: 1.09 Acres
    Estimated value
    $895,000

    811 8th St, Farmington, MN 55024-1443

    View details
    18 Walnut St
    APARTMENT HOUSE (5+ UNITS)
    30,758 SF Lot: 1.31 Acres
    Estimated value
    $1,455,000

    18 Walnut St, Farmington, MN 55024-1266

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    3667 Uppr 204th W St
    APARTMENT HOUSE (UNDER 5 UNITS)
    9,204 SF Lot: 0.65 Acres
    Value Estimation by Request

    3667 Uppr 204th W St, Farmington, MN 55024-8951

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    24 Elm St
    APARTMENT HOUSE (5+ UNITS)
    5,184 SF Lot: 0.23 Acres
    Estimated value
    $570,000

    24 Elm St, Farmington, MN 55024-1030

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    900 8th St
    APARTMENT HOUSE (5+ UNITS)
    5,964 SF Lot: 0.24 Acres
    Value Estimation by Request

    900 8th St, Farmington, MN 55024-1433

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    916 10th St
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,120 SF Lot: 0.37 Acres
    Value Estimation by Request

    916 10th St, Farmington, MN 55024-1461

    View details
    22234 Twin Ponds Cir
    APARTMENT HOUSE (5+ UNITS)
    7,852 SF Lot: 2.59 Acres
    Estimated value
    $865,000

    22234 Twin Ponds Cir, Farmington, MN 55024-8516

    View details
    300 Spruce St
    APARTMENT HOUSE (5+ UNITS)
    48,990 SF Lot: 1.19 Acres
    Estimated value
    $4,890,000

    300 Spruce St, Farmington, MN 55024-1372

    View details
    20476 Chrysler Ave
    APARTMENT HOUSE (5+ UNITS)
    2,920 SF Lot: 0.37 Acres
    Value Estimation by Request

    20476 Chrysler Ave, Farmington, MN 55024-1180

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    917 9th St
    APARTMENT HOUSE (5+ UNITS)
    6,220 SF Lot: 0.37 Acres
    Value Estimation by Request

    917 9th St, Farmington, MN 55024-1428

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    22250 Twin Ponds Cir
    APARTMENT HOUSE (5+ UNITS)
    8,760 SF Lot: 2.84 Acres
    Estimated value
    $960,000

    22250 Twin Ponds Cir, Farmington, MN 55024-8516

    View details
    315 Spruce St
    APARTMENT HOUSE (5+ UNITS)
    28,893 SF Lot: 0.23 Acres
    Estimated value
    $890,000

    315 Spruce St, Farmington, MN 55024-1373

    View details
    315 Spruce St
    APARTMENT HOUSE (5+ UNITS)
    28,893 SF Lot: 0.47 Acres
    Estimated value
    $895,000

    315 Spruce St, Farmington, MN 55024-1373

    View details
    10 Oak St
    APARTMENT HOUSE (UNDER 5 UNITS)
    1,758 SF Lot: 0.23 Acres
    Value Estimation by Request

    10 Oak St, Farmington, MN 55024-1236

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    808 Larch St
    APARTMENT HOUSE (5+ UNITS)
    6,504 SF Lot: 1.68 Acres
    Estimated value
    $710,000

    808 Larch St, Farmington, MN 55024-7113

    View details
    21400 Dushane Pkwy
    APARTMENT HOUSE (5+ UNITS)
    103,510 SF Lot: 2.44 Acres
    Estimated value
    $9,770,000

    21400 Dushane Pkwy, Farmington, MN 55024-8458

    View details

    Farmington, MN Multifamily Properties Market Trends and Statistics

    Explore 27 multifamily properties for sale in Farmington, MN on our real estate platform. These investment opportunities span a total of 4,306 square feet of properties for sale, with an estimated market value of $400,000.

    Sale prices for multifamily properties in Farmington, MN start at $400,000, averaging $400,000, and reaching up to $400,000 — 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

    Triplexes 1

    Demographics Overview

    Population 37K
    Population Growth (5Y) +4.7%
    Median Household Income $123,582
    College Educated 45.6%

    Taxes & Financing

    Tax Rate (average for all types) 2.33%
    Property Tax per SF $27.55 per SF
    Tax Rate vs County Average 0.02 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Dakota County

    New Delisted

    Property Size Breakdown

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

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