420 1st Street Farmington, MN $ 349,900
420 1st Street
$ 349,900
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420 1st Street

Farmington, MN, 55024
$ 349,900
Bedrooms4 Baths2.0 Sq 1,766

Monthly Estimate*

$ 2,417

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Multi-Family Home for sale in Farmington, MN

for $349,900 with 4 bedrooms and 2 full baths. This 1,766 square foot home was built in 1940 on a lot size of 0.33.

Opportunity Knocks in Downtown Farmington! Whether you’re looking for an owner-occupied property or the next addition to your rental portfolio, this duplex offers plenty of potential. Ideally located in downtown Farmington and situated on a large corner lot, the property provides room to expand and maximize its investment potential. The main-level unit has been updated and is ready to rent. The upper-level unit needs just a few finishing touches before it can be placed on the rental market. Both units feature 2 bedrooms and 1 bathroom, offering a desirable layout for tenants. The basement provides shared laundry facilities and additional storage space. Outside, the property offers a large driveway, a 2-car garage, and an additional shed, providing excellent parking and storage options. The extra space may also offer an opportunity for additional rental income. With its downtown location, spacious lot, multiple storage options, and value-add potential, this property is a great opportunity for an investor or owner occupant. Schedule your showing today and see the possibilities for yourself!

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Multi-Family Active

Price

$ 349,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,968

Style

Duplex Up and Down

Lot Size

0.33

Year Built

1940

Town/City

Farmington

County/Region

Dakota

MLS | Web ID

7156060

Features
General
Living Area 1766
Sewer City Sewer/Connected
Heating Forced Air
Garage Spaces 2
Year Built 1940
Levels Two
Property Subtype Duplex Up and Down
Tax Year 2026
Gross Income 0
Accessibility None
County Dakota
Operating Expense 10068
Insurance Expense 2500
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Subdivision Name Town Of Farmington
Directions Denmark Ave to Spruce Street East to dulpex
City Farmington
High School District Farmington
Zoning Description Residential-Multi-Family
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 3968
Electric Expense 1800
Fuel Expense 1800
Trash Expense 1200
Water Sewer Expense 720
Additional Parcels Y/N N
Virtual Tour https://we-love-houses.seehouseat.com/2407264?idx=1
Standard Status Active
Lender Owned No
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Interior
Basement Full Unfinished
Basement (Y/N) Y
Above Grade Finished Area 1766
Total Bedrooms 4
Below Grade Finished Area 0
Total Baths 2
Fuel Natural Gas
Garage Square Feet 520
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Exterior
Water Source City Water/Connected
Lot Size Area 0.33
Building Area Total 2681
Lot Dimensions 120x120x120x120
Waterfront Y/N N
Foundation Area 915
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Internal Only
Street Number 1 420
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* Excluded Features
List By
Top Notch Properties & Realty Services

Broker

topnotchproperties@frontiernet.net

Email

Affordability Calculator

$2,747
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,417
Monthly Property Taxes
$331
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
709335 Elementary School
708713 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/8/2026$349,900 Listed Price

Map


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420 1st Street, Farmington, MN, 55024 is a Multi-Family Home for sale at $349,900 with 1,766 sqft and a lot size of 0.33. 420 1st Street has 4 bedrooms, 2.0 baths, and was built in 1940. The property's zip code is 55024 which is in Farmington, MN