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    Fairmont, MN
    Residential Income

    Fairmont, MN Residential Income Properties for Sale

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    Triplex with Updated Units
    Updated: Sep 28
    Triplex with Updated Units

    407 E 6th Street, Fairmont, MN 56031

    $169,900
    1,680 sqft 0.09 AC lot
    Three rental units in a single‑story building
    1,680 square feet on a 0.089‑acre parcel
    Two units recently rehabilitated
    Sub‑metered utilities
    Built in 1940; frame construction and forced‑air heating
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    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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    Four-Unit Apartment Building
    Four-Unit Apartment Building

    224 S Park Street, Fairmont, MN 56031

    $139,900
    1,988 sqft

    Two-story layout with basement laundry and separately metered electricity.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Mixed-Use Downtown Building
    Mixed-Use Downtown Building

    40 Downtown Plaza, Fairmont, MN 56031

    Contact for pricing
    7,200 sqft

    Two-story concrete and brick building with a main-level nail salon, warehouse/flex space, and second-floor apartments.

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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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    5 active listings match your search: Residential Income for sale in Fairmont, MN. Based on your search, we've also compiled 8 Potential Opportunities for your consideration: 4 properties in nearby cities, 3 off-market properties to explore as potential leads, and 1 land listing with development potential.

    Opportunities in Nearby Cities

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

    Wetland-Adjacent Duplex
    Wetland-Adjacent Duplex

    603 202nd Street, Milford, IA 51351

    $499,000
    2,988 sqft 0.23 AC lot

    Two-level property with generous living areas, a main-floor primary suite, covered deck, and access to an association swimming pool.

    View details
    Lakeshore Duplex
    Lakeshore Duplex

    16822 255th Street, Spirit Lake, IA 51360

    $1,990,000
    3,834 sqft

    New construction offers a multi-level layout with access to the water.

    View details
    Newly Built Duplex with Heated Garage
    Newly Built Duplex with Heated Garage

    605 202nd St, Milford, IA 51351

    $499,000
    2,283 sqft

    Four-bedroom, four-bath layout includes three-zone HVAC and EV charging readiness.

    View details
    Eight-Unit Apartment Building
    Eight-Unit Apartment Building

    1501 Hill Ave, Spirit Lake, IA 51360

    $900,000

    Multi-unit property offers detached garage parking, basement storage, and shared laundry facilities.

    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.

    Residential Lot in Easton, MN
    Residential Lot in Easton, MN

    Cedar Street, Easton, MN 56025

    Contact for pricing
    0.16 AC lot

    Residential building lot available in Easton, 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

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

    818 Edison Dr, Fairmont, MN 56031-1621

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

    1301 Winnebago Ave, Fairmont, MN 56031-3652

    Estimated value:
    $605,000
    34.12 AC lot
    View details

    Fairmont, MN Residential Income Properties Market Trends and Statistics

    Explore 8 residential income properties for sale in Fairmont, MN, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 51,570 square feet of properties for sale, with an estimated market value of $708,800.

    Sale prices for residential investment properties in Fairmont, MN start at $139,900, averaging $236,266, and reaching up to $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

    Multifamily properties 5
    Apartment buildings 2
    Duplexes 1
    Quadplexes 1
    Triplexes 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 $219.7K

    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.

    How Realmo verifies these figures

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