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407 E 6th Street Fairmont, MN $ 174,900
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407 E 6th Street
$ 174,900
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407 E 6th Street

Fairmont, MN, 56031
$ 174,900
Bedrooms1 Baths1.0 Sq 1,680

Monthly Estimate*

$ 1,208

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Multi-Family Home for sale in Fairmont, MN

for $174,900 with 1 bedroom and 1 full bath. This 1,680 square foot home was built in 1940 on a lot size of 0.089.

Your chance to own a cash-flowing triplex in Fairmont. This single-story income property is a practical way to get into rental investing, with three similarly sized units and sub-metered utilities that make leasing and expense tracking straightforward. The building has seen meaningful updates and modernizations, including two recently rehabbed units, so you’re not buying a project from scratch. Come see it and decide if this is the right first (or next) investment. Call today to schedule a showing! One of the owners is a licensed real estate agent in the State of Minnesota.

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Multi-Family Active

Price

$ 174,900

Bedrooms

1

Full Bath

1

Property Type

Multi-Family

Taxes

$ 2,097

Style

Triplex

Lot Size

0.089

Year Built

1940

Town/City

Fairmont

County/Region

Martin

MLS | Web ID

7151086
Features
General
Living Area 1680
Sewer City Sewer/Connected City Sewer - In Street
Heating Forced Air
Roof Flat
Garage Spaces 0
Construction Materials Frame
Year Built 1940
Electric Circuit Breakers
Levels One
Property Subtype Triplex
Tax Year 2026
Gross Income 28113
Accessibility Wheelchair Ramp(s)
County Martin
Net Operating Income 20000
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Subdivision Name Gambles Ext
Directions When heading North on North Prairie Ave before crossing the railroad tracks turn Right onto E 6th St. Property will be on the left side of the road.
City Fairmont
High School District Fairmont Area Schools
Zoning Description Residential-Single Family
Number Of Units Total 3
Lot Size Units Acres
Carport Spaces 0
Land Lease Y/N N
Tax Annual Amount 2097
Electric Expense 2400
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Block Full
Basement (Y/N) Y
Above Grade Finished Area 1680
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 3
Foundation Dimensions 28 x 60
Fuel Natural Gas
Garage Dimensions 0
Garage Door Width 0
Garage Square Feet 0
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Exterior
Water Source City Water/Connected
Lot Size Area 0.089
Building Area Total 3360
Lot Dimensions 53 x 75
Waterfront Y/N N
Foundation Area 1680
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Internal Only
Street Number 1 407
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* Excluded Features
List By
True Real Estate

Broker

alexp@truerealestatemn.com

Email

Affordability Calculator

$1,383
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,208
Monthly Property Taxes
$175
Monthly 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
3048826 Elementary School
3048512 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/29/2026$174,900 Listed Price

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407 E 6th Street, Fairmont, MN, 56031 is a Multi-Family Home for sale at $174,900 with 1,680 sqft and a lot size of 0.089. 407 E 6th Street has 1 bedrooms, 1.0 baths, and was built in 1940. The property's zip code is 56031 which is in Fairmont, MN

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