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114 E 8th Street

Fairmont, MN 56031

– beds
– baths
2,462 sqft
$32 per sqft
1915 build
– on site

Income-Generating Triplex with Separate Entrances! Discover a prime investment opportunity with this, perfectly designed for steady rental income. This property features three distinct units: Unit 1 offers a spacious main-floor kitchen and dining area, with two bedrooms and a full bath located on the second level—ideal for tenants seeking extra space. Unit 2 is a cozy upper-level unit featuring one bedroom, a ¾ bath, and an additional flexible room perfect for use as an office or potential second bedroom. Unit 3 is a main-floor, rear-facing unit with a dine-in kitchen, comfortable living room, one bedroom, and a full bath—perfect for those who prefer single-level living. All three units have separate entrances for privacy and convenience, while a shared basement provides ample storage space and a common laundry area. Tenants enjoy access to a detached 24x24 garage, adding extra value. Tentants pay their own electric bill, owner takes care of gas and water. Financials are available upon request. Don't miss this opportunity to add a solid, income-producing asset to your portfolio. Schedule a showing today!

Listing courtesy of NORTHSTAR / Yvonne Cone / RE/MAX TOTAL REALTY

Last checked: Checking… • Last updated May 8, 2025 •

MLS# 6716888 —

The Building

Year Built:

1915
New Construction:

false
Age Of Property:

110
Construction Materials:

Wood Siding
Roof:

Age Over 8 Years, Asphalt
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

1258.0000
Basement:

Full, Unfinished
Basement:

true
Foundation Area:

766
Building Area Total:

3228
Above Grade Finished Area:

2462

Room Dimensions

Living Area:

2462

Location

Directions:

From Hwy 15, turn west on 10th Street. Once you get to N North, turn left until you come to 8th Street and the triplex is on the south side of the street.
Latitude:

43.65912
Longitude:

-94.461562

The Property

Parcel Number:

231200040
Zoning Description:

Residential-Multi-Family
Property Type:

Residential Income
Property Subtype:

Triplex
Additional Parcels:

false
Lot Features:

Many Trees
Lot Size Area:

0.22
Lot Size Dimensions:

.224
Lot Size Units:

Acres
Road Frontage Type:

City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Road Responsibility:

Public Maintained Road
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

1514
Tax With Assessments:

1146.0000

Heating & Cooling

Heating:

Boiler

Utilities

Electric:

Circuit Breakers
Sewer:

City Sewer/Connected

Appliances

Refrigerator:

Three

Schools

High School District:

Fairmont Area Schools

The Community

Subdivision Name:

Garlicks
Association Amenities:

Laundry
Assessment Pending:

No

Parking

Garage Spaces:

2
Garage Dimensions:

24x24
Garage SqFt:

576

Extra Units

# of Units Total:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
5/7/25 May 7, 2025	Listed / Active	NORTHSTAR	$79,000	17.0% (3.7% / YR)
9/15/20 Sep 15, 2020		NORTHSTAR	$67,500	-6.3%
8/21/20 Aug 21, 2020		NORTHSTAR	$72,000

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This multifamily located in Fairmont, MN 56031 is currently for sale for $79,000. 114 E 8th Street is a 2,462 square foot multifamily with – beds and – baths that has been on Estately for 3 days. This multifamily is in the attendance area of Fairmont Jr-Sr High School and Fairmont Elementary School.

Listing Courtesy of: NORTHSTAR and RE/MAX TOTAL REALTY.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.