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    Fairmont, MN
    Residential Income

    Fairmont, MN Residential Income Properties for Sale

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    Blue Earth, MN Sherburn, MN Swea City, IA Winnebago, MN Ormsby, MN Lakota, IA Estherville, IA Bancroft, IA
    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
    Updated: Sep 11
    Four-Unit Apartment Building

    224 S Park Street, Fairmont, MN 56031

    $139,900
    1,988 sqft
    Four one‑bedroom apartments across two floors
    Two main‑floor units and two second‑floor units
    Basement includes coin‑operated washer and dryer
    Separate electric meters for each apartment
    Built in 1915
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    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 4 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, plus 3 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.

    Lake-View Triplex with Three Units
    Lake-View Triplex with Three Units

    41 Dewey St, Arnolds Park, IA 51331

    $699,000
    3,336 sqft

    Three distinct units support vacation stays and long-term occupancy, with a lawn designed for outdoor gatherings.

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    Renovated Waterfront Duplex
    Renovated Waterfront Duplex

    10585 Crowley Avenue, Spirit Lake, IA 51360

    $719,900
    1,824 sqft 0.30 AC lot

    Four-bedroom property with a basement, central air, private water service, and public sewer near Big Spirit Lake.

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    Triplex with Lake Views
    Triplex with Lake Views

    41 Dewey Street, Arnolds Park, IA 51331

    $699,000
    0.32 AC lot

    Three distinct residences offer a mix of vacation-oriented and long-term rental use near downtown, entertainment, and public waterfront access.

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    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.

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    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.

    Estherville Land for Dream Home
    Estherville Land for Dream Home

    1663 365th Avenue, Estherville, IA 51334

    Contact for pricing
    0.67 AC lot

    Elite Country Club Estates lot ready for your dream home.

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    Bancroft Vacant Land Opportunity
    Bancroft Vacant Land Opportunity

    208 Public St, Bancroft, IA 50517

    $79,900
    4.00 AC lot

    4+/- acres of land suitable for residential development in Bancroft, IA.

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    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
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    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 7 residential income properties for sale in Fairmont, MN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 49,890 square feet of properties for sale, with an estimated market value of $538,900.

    Sale prices for residential income properties in Fairmont, MN start at $139,900, averaging $269,450, 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 4
    Apartment buildings 2
    Duplexes 1
    Quadplexes 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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