609 E 4th Street Fairmont, MN 56031 MLS# 6787099 5 beds | 3 baths | 4320 sqft
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Property Description Take a look at this unique triplex full of historic charm and investment opportunity! This stately home has been converted into three separate units, offering flexibility for an owner-occupant or investor. The largest unit features 3 bedrooms, spacious living areas, and plenty of natural light. The other two units are cozy 1-bedroom apartments, perfect for steady rental income. Original character still shines through in the woodwork and details, while updates make the property functional for todayâs living This property offers both charm and potential.
Details
Maps
Contract Information
Status: Active
Contingency: Sale of Another Property
Current Price: 150000
Original List Price: 150000
ListPrice: 150000
List Date: 2025-09-10
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1898
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 5
Baths Total: 3
Main Floor Total SqFt: 1440
Above Ground SqFt: 2880
Below Grd Total SqFt: 1440
Total SqFt: 4320
Foundation Size: 1440
Style: (MF) Triplex
Total Finished Sqft: 2880.00
Garage Stalls: 2
Lot Dimensions: .18
Acres: 0.18
Assessment Pending: No
Location Tax and Other Information
House Number: 609
Street Direction Prefix: E
Street Name: 4th
Street Suffix: Street
Postal City: Fairmont
County: Martin
State: MN
Zip Code: 56031
Complex/Dev/Subdivision: Gambles
Assessments
Assessment Balance: 947
Tax With Assessments: 2574
Basement
Foundation Dimensions: 1440
Building Information
Finished SqFt Above Ground: 2880
Income and Expenses
Annual Fuel Expense: 2131
Annual Gross Expenses: 9837
Annual Gross Income: 22200
Annual Insurance Expense: 1700
Annual Maintenance Expense: 500
Annual Net Income: 11253
Annual Repair Expense: 500
Annual Trash Expense: 1692
Annual Water/Sewer Expense: 1440
Total Annual Expenses: 9837
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: WCAR
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 20x20
Garage Square Feet: 400
Unit 1
Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 1
3/4 Baths: 1
Annual Rent: 9600
Finished SqFt: 1440
Monthly Rent: 800
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 5
Unit 2
Furnished?: No
Leased?: No
Level: 2nd Level
Unit Number: 2
Annual Rent: 7200
Finished SqFt: 720
Full Baths: 1
Monthly Rent: 600
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 4
Unit 3
Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 3
Annual Rent: 5400
Finished SqFt: 720
Full Baths: 1
Monthly Rent: 450
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 5
Unit Details
Total Units: 3
Property Features
Accessible: None
Amenities Shared: Common Laundry Facility
Assumable Loan: Not Assumable
Basement: Full
Construction Status: Previously Owned
Exterior: Wood
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Lock Box Type: SentriLock
Lot Description: Tree Coverage - Light
Owner Pays: Gas; Heat; Hot Water; Insurance; Lawn; Maintenance/Repair; Sewer; Taxes; Trash Collection; Water
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Asphalt Shingles
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Electricity
Unit 1 Bath Description: Main Floor 3/4 Bath
Unit 1 Cooling: Window
Unit 1 Dining Room Description: Kitchen/Dining Room