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    Fairfax, MN
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    Fairfax, MN Residential Income Properties for Sale

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    Morgan, MN Hector, MN Sleepy Eye, MN
    Mixed-Use Commercial and Residential Building
    $62,900
    0.16 Acres
    Mixed-Use Commercial and Residential Building

    101 2nd Street SE, Fairfax, MN 55332

    Versatile main-floor commercial space with an upstairs 3-bedroom apartment, plus gas boiler heat and a garage on a large lot.
    • Commercial building with main floor space suitable for retail, office, or service‑based operations.
    • Spacious 3‑bedroom apartment for owner‑occupancy or rental income.
    • Large lot with detached garage provides ample parking, storage, or expansion potential.
    • Prime investment opportunity in the heart of Fairfax.
    • Equipped with central air cooling.
    Updated: May 6
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    Downtown Fairfax Commercial Building
    $47,500
    0.08 Acres
    Downtown Fairfax Commercial Building

    127 1st Street SE, Fairfax, MN 55332

    Charming commercial building in downtown Fairfax with versatile spaces.
    • Prime downtown Fairfax location
    • Versatile main level suitable for retail or business
    • Includes a kitchen, storage, and baking room
    • Upper level apartment (requires TLC)
    • Lower level offers ample storage space
    Updated: Feb 3
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Fairfax, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Mixed-Use Building in Downtown
    $129,900
    0.07 Acres
    Mixed-Use Building in Downtown

    Versatile commercial and residential property in Redwood Falls, MN.

    226 S Washington Street, Redwood Falls, MN 56283

    View details
    Mixed-Use Downtown Redevelopment Property
    $99,900
    0.23 Acres
    Mixed-Use Downtown Redevelopment Property

    Four-parcel downtown package with commercial space and an upper level ready for possible apartment conversion, plus a vacant lot.

    230/234/240 S Washington Street, Redwood Falls, MN 56283

    View details
    Arlington Mixed-Use Investment Opportunity
    $325,000
    12,000 SF
    Arlington Mixed-Use Investment Opportunity

    Mixed-use property with commercial and residential units in Arlington, MN.

    418 W Main Street, Arlington, MN 55307

    View details
    Commercial/Industrial
    $325,000
    10,897 SF
    Commercial/Industrial

    Mixed-use properties · 10,897 SF

    418 W Main Street, Arlington, MN 55307

    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.

    Land Parcel in Growing Community
    $55,300
    4.74 Acres
    Land Parcel in Growing Community

    4.74-acre parcel in Fairfax, MN, ideal for custom development.

    0 4th Ave NW, Fairfax, MN 55332

    View details
    Residential Lot in Growing Neighborhood
    Contact for pricing
    0.20 Acres
    Residential Lot in Growing Neighborhood

    Residential lot in New Ulm, utilities stubbed in.

    2405 Lake Avenue, New Ulm, MN 56073

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    Residential Lot in Growing Neighborhood
    Contact for pricing
    0.20 Acres
    Residential Lot in Growing Neighborhood

    Residential lot in New Ulm, utilities stubbed in.

    2401 Lake Avenue, New Ulm, MN 56073

    View details
    Residential Lot in Growing Neighborhood
    Contact for pricing
    0.20 Acres
    Residential Lot in Growing Neighborhood

    Residential lot in New Ulm, utilities stubbed in.

    2409 Lake Avenue, New Ulm, MN 56073

    View details

    Fairfax, MN Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Fairfax, MN on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $110,400.

    Sale prices for residential income properties in Fairfax, MN start at $47,500, averaging $55,200, and reaching up to $62,900 — 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

    Single family properties 2

    Demographics Overview

    Population 1,714
    Population Growth (5Y) +3.8%
    Median Household Income $58,177
    College Educated 14.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    55332 $58.2K

    Taxes & Financing

    Tax Rate (average for all types) 2.16%
    Property Tax per SF $0.99 per SF
    Tax Rate vs County Average 0.21 pp below county avg
    Average Loan-to-Value 65.0%

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