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MLS: #7151086, Listed By: Alexander Phippen, True Real Estate, Source:FargoMoorhead Area Association of REALTORS

407 E 6th Street

Fairmont, MN 56031
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Bed 3

Bed

Bath 3

Bath

SqFt1,680

Sqft

Acres0.08

Acre(Lot)

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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Detail Ic Property Details

Property Type : Residential Income

Price : $174,900

AD Id : 91563267

MLS Id : 7151086

Beds : 3

Lot Size : 0.08 Acre

Living Area Size : 1,680 Sq. Ft

Tax Amount : $2,097

Year Built : 1940

County : Martin

Subdivision: Lincoln City Sec 05

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Map

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 3

    Room Information

    Has Basement: Yes Basement: Full, Block, Concrete
  • Roofing Information

    Flat
  • Interior Features

    Roof: Flat
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air

  • Building Information

    Year Built: 1940 Building Area Total: 3360 Construction Materials: Frame Stories: 1 Private Pool: No

  • Lot Information

    Lot Dimensions: 53 x 75 Main Square Feet: 0.08 Acres Lot Size Acres: 0.08 Lot Size Square Feet: 3484.8

    Property Information

    Subdivision: Gambles Ext Source Property Type: Residential Income Postal Code Plus 4: 972 Property SubType: Triplex Levels: One Property Age: 86

  • Listing Price Information

    Listing Price: $174900 Cash, Conventional

  • Tax Information

    Parcel Number: 231190010 Tax Year: 2026 Annual Tax: $2097 Tax Legal Desc: GAMBLES EXT. S52' OF E75' OF W1/2 OF BLK 7 10258-5.3

  • Location Information

    Direction: 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. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
224 S Park Street, Fairmont, MN, 56031 $139,900 4 4 1,988 0.05 Acre
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information 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. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 10/01/2026 @ 18:21

MLS: 7151086 LISTED BY: Alexander Phippen, True Real Estate 507-345-8783 SOURCE: FargoMoorhead Area Association of REALTORS

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