Triplex

Farmington, MN Triplexes 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
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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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Farmington, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Tri-Plex with In-Unit Laundry
Tri-Plex with In-Unit Laundry

184-186 George Street W, Saint Paul, MN 55107

$525,000
3,704 sqft 0.17 AC lot

Renovated tri-plex with individually metered gas and electric service and private in-unit laundry in each residence.

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Modern Three-Unit Multifamily Property
Modern Three-Unit Multifamily Property

5424 32nd Ave S, Minneapolis, MN 55417

$900,000
5,400 sqft

Recently constructed rental property with updated interiors, individual parcel identification, and access to neighborhood amenities and transit.

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Triplex with Finished Lower-Level Unit
Triplex with Finished Lower-Level Unit

3724 Bloomington Avenue, Minneapolis, MN 55407

$389,900
3,600 sqft 0.14 AC lot

Triplex on a 0.14-acre lot with a finished lower level featuring two bedrooms and a kitchen.

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Mixed-Use Building with Large Yard
Mixed-Use Building with Large Yard

127 Winifred St W, Saint Paul, MN 55107

$546,250

Fully occupied building with three residential units, one commercial space, large yard, and four off-street parking spots.

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Farmington, MN Triplexes Market Trends and Statistics

Explore 1 triplexes 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 three-family homes 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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