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    Fairmont, MN Residential Income Properties for Sale

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    Welcome, MN Sherburn, MN Swea City, IA
    City Side Estates Apartments
    $2,800,000
    36,840 SF
    City Side Estates Apartments

    600 Burton Lane, Fairmont, MN 56031

    36-unit apartment complex in Fairmont, MN, with 19 garages.
    • 36 apartments and 19 garages offer significant rental income potential
    • Prime location in the Southeast Corner of Fairmont, close to essential amenities
    • Proximity to Fairmont Junior/Senior High School and Mayo Health Systems
    • Desirable unit mix: 34 two‑bedroom and 2 one‑bedroom apartments
    • Durable exterior featuring Chicago brick and vinyl siding
    Updated: May 20
    View details
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 1 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 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.

    Contemporary Duplex on Spirit Lake
    $1,990,000
    3,848 SF
    Contemporary Duplex on Spirit Lake

    New construction duplex designed for comfortable lake living.

    16822 255th Street, Spirit Lake, IA 51360

    View details
    Contemporary Duplex on Spirit Lake
    $1,990,000
    3,834 SF
    Contemporary Duplex on Spirit Lake

    New construction duplex designed for comfortable lake living.

    16822 255th Street, Spirit Lake, IA 51360

    View details
    Versatile Commercial Building in Blue Earth
    $800,000
    5,500 SF
    Versatile Commercial Building in Blue Earth

    Adaptable 5,500+ sq ft commercial building with many potential uses.

    311 S Nicollet Street, Blue Earth, MN 56013

    View details
    Value-Add Apartment Opportunity
    $1,300,000
    19,200 SF
    Value-Add Apartment Opportunity

    Apartment complex with value-add potential in Blue Earth, Minnesota.

    830 Moore St., Blue Earth, MN 56013

    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 Land in Welcome, MN
    $99,900
    4.00 Acres
    Residential Land in Welcome, MN

    4-acre site for single-family or multifamily development in Welcome, MN.

    Guide Street, Welcome, MN 56181

    View details
    Land with Lake Access
    $98,900
    1.25 Acres
    Land with Lake Access

    1.33-acre lot with deeded lake access near Sherburn, MN.

    Sherburn, MN 56171

    View details
    Residential Lot Near Fox Lake
    $98,900
    1.32 Acres
    Residential Lot Near Fox Lake

    1.33-acre lot with lake access near Sherburn, Minnesota.

    Sherburn, MN 56171

    View details
    Estherville Land for Dream Home
    Contact for pricing
    0.67 Acres
    Estherville Land for Dream Home

    Elite Country Club Estates lot ready for your dream home.

    1663 365th Avenue, Estherville, IA 51334

    View details

    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
    708 SF Lot: 1.98 Acres
    Value Estimation by Request

    829 Edison Dr, Fairmont, MN 56031-1622

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    818 Edison Dr
    MOBILE HOME PARK, TRAILER PARK
    624 SF Lot: 0.23 Acres
    Value Estimation by Request

    818 Edison Dr, Fairmont, MN 56031-1621

    View details
    1301 Winnebago Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 34.12 Acres
    Estimated value
    $605,000

    1301 Winnebago Ave, Fairmont, MN 56031-3652

    View details

    Fairmont, MN Residential Income Properties Market Trends and Statistics

    Explore 4 residential income properties for sale in Fairmont, MN on our real estate platform. These investment opportunities span a total of 36,840 square feet of properties for sale, with an estimated market value of $2,800,000.

    Sale prices for residential income properties in Fairmont, MN start at $2,800,000, averaging $2,800,000, and reaching up to $2,800,000 — 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

    Apartment buildings 1
    Multifamily properties 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 $2.8M

    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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