209 211 Farmdale Rd
Lake Lillian, MN · View the listing ↗
Photos courtesy of Edina Realty, Inc., via Realtor.com.
Needs more info before these numbers mean much. No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.
No rent estimate yet, so the numbers can't be run. Run it yourself in the calculator →
First look
This is two separate single-family homes on adjacent lots, not a classic duplex. The description gives no rents, no leases and no expenses, and FACTS has no rent estimate or underwriting, so I can't tell you if $698K pencils. At roughly $349K per house in a tiny town like Lake Lillian, I'd be skeptical that rents come close to supporting it. Both homes look new and clean, which keeps repairs low, but the shop and the 'corporate housing' pitch are not income. Verify the parcel setup, taxes, whether the homes are site-built or manufactured, and what comparable houses actually rent for before a showing.
Things to consider
- No income data to underwrite With no rents, leases or rent estimate, there's no way to check cash flow. Get local comps for a 3-bed and a 4-bed single-family rental.
- Price per house vs. small-town rents About $349K per house in a small rural town likely needs rents well above what the market pays. Expect a thin or negative return at today's rates.
- Unverified parcel and taxes The county match failed, so taxes, unit count and any assessments are unknown. New construction can also mean a big tax reassessment.
- Construction type and financing If the homes are modular or manufactured, lenders and appraisers may treat them differently. Confirm before relying on 'traditional financing'.Listing says: “These homes are on permanent foundations. Ready for traditional financing.”
- Shop adds value only if used A 36x40 shop is valuable to an owner or a tradesperson tenant, but isn't rent unless someone pays for it.Listing says: “RV-ready 36x40 pass-through shop with 12x12 doors”
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
Condition and repairs
- doneHouse #1 built 2022, described as like new and gently lived inListing says: pristine modern 2022 built one level home
- doneHouse #2 new construction in 2025Listing says: New beautifully appointed single-story home was built in 2025
- doneNew post frame shop buildingListing says: New post frame building
AI-assisted first read of the listing description and photos (Claude), checked against public records. Every rent and repair above quotes the listing; verify with the agent, leases and an inspection.
Red flags and opportunities
Watch for
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 209 211 FARMDALE RD
- mediumNot a typical duplex: two detached homes, possibly on one or two parcels. Financing, taxes and rental licensing depend on how they are platted. Listing says: purchase TWO like new homes adjacent to each other · AI review
- mediumPossible manufactured or modular construction. The photos and the 'permanent foundations' wording suggest it, which can affect financing, appraisal and resale. Listing says: These homes are on permanent foundations. Ready for traditional financing. · AI review
- mediumNo rent, tenant or income information at all. The pitch is aimed at owner-occupants and corporate or family use. Listing says: If you are seeking a corporate housing or extended family solution · AI review
- lowHouse #1 4th bedroom is a den conversion, so it may not count as a legal bedroom. Treat it as a 3-bed for rent. Listing says: *den is an easy conversion to a 4th bedroom · AI review
Opportunities
- Live in one home and rent the other, which could allow owner-occupant financing. Listing says: Ready for traditional financing. · AI review
- Large shop with RV-height doors could earn storage or hobby rent, or serve a tenant. Listing says: RV-ready 36x40 pass-through shop with 12x12 doors · AI review
- Very low near-term repair load with a 2022 and a 2025 build. Based on: photo 2 · AI review
Questions for the agent
- Are the homes on one parcel or two, and what are the taxes on each?
- Are both site-built, modular or manufactured, and what is the foundation type?
- Has either home ever been rented, and what did it get? Any local comps?
- Who gets the shop, and could it be rented separately?
- Why has it sat 56 days, and is the seller open to selling the homes separately?
- Are the 209 and 211 units hooked to separate well/sewer and electric meters?
Bottom line
Two nearly new houses with a big shop, but with no rents given and a $698K ask in a very small market, it looks like a lifestyle or owner-occupant buy, not a cash-flow one. AI-assisted summary
What the records say
Where each number comes from
Price history Realtor.com
On the market since 2026-08-10 (56 days).
| Date | Event | Price |
|---|---|---|
| Listed | $698,000 |
From the listing Listing
| Listed as | other |
| Property tax, 2026 | $2,296 |
| County | Kandiyohi |
As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.
Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Lake Lillian on rental licensing before you buy.