224 S Park Street Fairmont, MN ^$ 139,900

224 S Park Street

^$ 139,900

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224 S Park Street

Fairmont, MN, 56031

^$ 139,900

Bedrooms4 Baths4.0 Sq 1,988

Monthly Estimate*

^$ 966

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224 S Park Street, Fairmont, MN 56031 - Image 14

Multi-Family Home for sale in Fairmont, MN

for $139,900 with 4 bedrooms and 4 full baths. This 1,988 square foot home was built in 1915 on a lot size of 0.057.

This four unit apartment building has two 1-bedroom apartments on the main floor and two 1-bedroom apartments on the second floor. There is a coin operated washer and dryer in the basement. The apartments have separate electric meters. The owner pays the gas, and city utility bill. Please contact me for average utility costs if interested.

Multi-Family Active

Price

^$ 139,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,272

Style

Fourplex

Lot Size

0.057

Year Built

1915

Town/City

Fairmont

County/Region

Martin

MLS | Web ID

7141290

Features

General

Living Area 1988

Sewer City Sewer/Connected

Heating Boiler

Roof Asphalt

Garage Spaces 0

Construction Materials Frame

Year Built 1915

Levels Two

Property Subtype Fourplex

Tax Year 2026

Gross Income 0

Accessibility None

County Martin

Net Operating Income 0

Operating Expense 0

Insurance Expense 0

New Construction N

Property Type Residential Income

Association Amenities Coin-op Laundry Owned

Contingency None

MaintenanceExpense 0

Subdivision Name W & J Add

Directions West on Blue Earth Street and South on Park Street.

City Fairmont

High School District Fairmont Area Schools

Zoning Description Residential-Multi-Family

Number Of Units Total 4

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 2272

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Interior

Basement Block Full

Basement (Y/N) Y

Above Grade Finished Area 1988

Total Bedrooms 4

Below Grade Finished Area 0

Total Baths 4

Fuel Natural Gas

Exterior

Water Source City Water/Connected

Lot Size Area 0.057

Building Area Total 1988

Lot Dimensions 50x150

Waterfront Y/N N

Foundation Area 994

Road Frontage Type City Street

Internal Only

Street Number 1 224

* Excluded Features

List By

Action Realty

Broker

Clark@actionrealtymankato.com

Affordability Calculator

$1,156

Per Month

Monthly Principal & Interest: $966
Monthly Property Taxes: $189
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Fairmont, MN

Average List Price ^$205,720

Percent of Sale Price 47%

About Fairmont, MN

10,479 Population

-3% Since 2002

^$48,742 Median Income

44.67 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048826 Elementary School

3048512 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/9/2026	$139,900		Listed Price

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224 S Park Street, Fairmont, MN, 56031 is a Multi-Family Home for sale at $139,900 with 1,988 sqft and a lot size of 0.057. 224 S Park Street has 4 bedrooms, 4.0 baths, and was built in 1915. The property's zip code is 56031 which is in Fairmont, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/15/2026.

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224 S Park Street

Multi-Family Home for sale in Fairmont, MN

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