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    Farmington, MN Multifamily Properties for Sale

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    Triplex and Single-Family Residence
    Updated: May 19
    Triplex and Single-Family Residence

    600 Oak Street, Farmington, MN 55024

    $350,000
    4,306 sqft 0.25 AC lot
    Updated triplex plus separate single‑family home on one parcel in Farmington
    Triplex unit mix: 1 one‑bedroom/1‑bath unit and two two‑bedroom/1‑bath units
    All triplex units updated within the last five years with updated kitchens, baths, flooring, and fixtures
    Separate single‑family home features 2 bedrooms and 1 bathroom
    Off‑street parking available
    View details
    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 31 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

    Opportunities in Nearby Cities

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

    Fully Renovated Duplex with Garages
    Fully Renovated Duplex with Garages

    4625 280th Street W, Northfield, MN 55057

    $435,000
    2,860 sqft 2.03 AC lot

    Two fully renovated units with separate laundry, storage, and heated, insulated single-car garage parking.

    View details
    Side-by-Side Duplex with Garages
    Side-by-Side Duplex with Garages

    7382 Borman Avenue, Inver Grove Heights, MN 55076

    $410,000
    2,128 sqft 0.61 AC lot

    Two mirrored residences offer private laundry, decks, wooded backyard views, and separate detached garages.

    View details
    Triplex with Spacious Lot
    Triplex with Spacious Lot

    4376 UPPER 71ST ST E, Inver Grove Heights, MN 55076

    Contact for pricing
    2,560 sqft

    Well-maintained 3-unit triplex on a spacious lot with stable long-term occupancy history.

    View details
    Mixed-Use Quadplex
    Mixed-Use Quadplex

    1405 Heritage Drive, Northfield, MN 55057

    Contact for pricing

    Four residential units are currently occupied, and the property is designed for easy transformation to other uses.

    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)

    26410 Galaxie Ave, Farmington, MN 55024-1573

    $400,000
    Estimated value
    4,370 sqft 4.85 AC lot
    View details
    1020 3rd St
    APARTMENT HOUSE (5+ UNITS)

    1020 3rd St, Farmington, MN 55024-1562

    $1,670,000
    Estimated value
    18,372 sqft 0.50 AC lot
    View details
    515 Elm St
    APARTMENT HOUSE (5+ UNITS)

    515 Elm St, Farmington, MN 55024-1165

    $1,800,000
    Estimated value
    15,600 sqft 0.47 AC lot
    View details
    600 Oak St
    APARTMENT HOUSE (5+ UNITS)

    600 Oak St, Farmington, MN 55024-1385

    $270,000
    Estimated value
    4,306 sqft 0.25 AC lot
    View details
    1321 Centennial Dr
    APARTMENT HOUSE (5+ UNITS)

    1321 Centennial Dr, Farmington, MN 55024-7600

    $1,665,000
    Estimated value
    16,696 sqft 0.88 AC lot
    View details
    1337 Centennial Dr
    APARTMENT HOUSE (5+ UNITS)

    1337 Centennial Dr, Farmington, MN 55024-7601

    $1,035,000
    Estimated value
    19,195 sqft 0.88 AC lot
    View details
    303 Pne St
    APARTMENT HOUSE (UNDER 5 UNITS)

    303 Pne St, Farmington, MN 55024-1039

    $275,000
    Estimated value
    3,214 sqft 0.45 AC lot
    View details
    811 8th St
    APARTMENT HOUSE (5+ UNITS)

    811 8th St, Farmington, MN 55024-1443

    $895,000
    Estimated value
    19,913 sqft 1.09 AC lot
    View details
    18 Walnut St
    APARTMENT HOUSE (5+ UNITS)

    18 Walnut St, Farmington, MN 55024-1266

    $1,455,000
    Estimated value
    30,758 sqft 1.31 AC lot
    View details
    3667 Uppr 204th W St
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $275,000
    Estimated value
    9,204 sqft 0.65 AC lot
    View details
    24 Elm St
    APARTMENT HOUSE (5+ UNITS)

    24 Elm St, Farmington, MN 55024-1030

    $570,000
    Estimated value
    5,184 sqft 0.23 AC lot
    View details
    900 8th St
    APARTMENT HOUSE (5+ UNITS)

    900 8th St, Farmington, MN 55024-1433

    $280,000
    Estimated value
    5,964 sqft 0.24 AC lot
    View details
    916 10th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    916 10th St, Farmington, MN 55024-1461

    $275,000
    Estimated value
    4,120 sqft 0.37 AC lot
    View details
    22234 Twin Ponds Cir
    APARTMENT HOUSE (5+ UNITS)

    22234 Twin Ponds Cir, Farmington, MN 55024-8516

    $865,000
    Estimated value
    7,852 sqft 2.59 AC lot
    View details
    300 Spruce St
    APARTMENT HOUSE (5+ UNITS)

    300 Spruce St, Farmington, MN 55024-1372

    $4,890,000
    Estimated value
    48,990 sqft 1.19 AC lot
    View details
    20476 Chrysler Ave
    APARTMENT HOUSE (5+ UNITS)

    20476 Chrysler Ave, Farmington, MN 55024-1180

    $270,000
    Estimated value
    2,920 sqft 0.37 AC lot
    View details
    917 9th St
    APARTMENT HOUSE (5+ UNITS)

    917 9th St, Farmington, MN 55024-1428

    $385,000
    Estimated value
    6,220 sqft 0.37 AC lot
    View details
    22250 Twin Ponds Cir
    APARTMENT HOUSE (5+ UNITS)

    22250 Twin Ponds Cir, Farmington, MN 55024-8516

    $960,000
    Estimated value
    8,760 sqft 2.84 AC lot
    View details
    315 Spruce St
    APARTMENT HOUSE (5+ UNITS)

    315 Spruce St, Farmington, MN 55024-1373

    $545,000
    Estimated value
    28,893 sqft 0.23 AC lot
    View details
    315 Spruce St
    APARTMENT HOUSE (5+ UNITS)

    315 Spruce St, Farmington, MN 55024-1373

    $565,000
    Estimated value
    28,893 sqft 0.47 AC lot
    View details
    10 Oak St
    APARTMENT HOUSE (UNDER 5 UNITS)

    10 Oak St, Farmington, MN 55024-1236

    $260,000
    Estimated value
    1,758 sqft 0.23 AC lot
    View details
    808 Larch St
    APARTMENT HOUSE (5+ UNITS)

    808 Larch St, Farmington, MN 55024-7113

    $710,000
    Estimated value
    6,504 sqft 1.68 AC lot
    View details
    21400 Dushane Pkwy
    APARTMENT HOUSE (5+ UNITS)

    21400 Dushane Pkwy, Farmington, MN 55024-8458

    $9,770,000
    Estimated value
    103,510 sqft 2.44 AC lot
    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 $350,000.

    Sale prices for multifamily properties in Farmington, MN average $350,000 — 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%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    55024 $360K

    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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