224 S Park St
Duplex · 2 units: 2 bed / 2 bath ×2 unit split estimated · 1,988 sq ft
Fairmont, MN · View the listing ↗
Photos, via Realtor.com.
- Asking price
- $139,900 2 units · $70K per unit
- Monthly cash flow
- $89 at 20% down, 7%
- Estimated rent
- $1,900/mo medium confidence
- Break-even price
- $156,528 where cash flow hits $0
First look
The description says four 1-bedroom units, but our facts count two units and model two 2-bed/2-bath rents, so the underwriting is probably off. Four 1-beds at Fairmont rents could change income in either direction, so get the real rent roll first. The owner pays gas for one boiler plus the city utility bill, which eats margin, and the tenants have separate electric meters. The photos show a dated but clean unit, an older boiler and a newer water heater. At $139,900 it's worth a showing only if the rents and the four-unit count check out.
Things to consider
- Unit count and mix need verifying Our underwriting assumes two 2-bed units, while the listing describes four 1-beds. The cash flow figure could be materially wrong.
- Owner-paid gas and city utilities These costs reduce net income and the listing gives no figures. A single boiler means one gas bill the owner absorbs.Listing says: “The owner pays the gas, and city utility bill.”
- Thin modeled cash flow At the asking price our model shows about $89 a month, so small surprises in taxes or repairs could erase it.
- Taxes and rental license unverified No county parcel match means taxes, assessments and legal unit status are unknown.
- Older building with dated finishes Built in 1915 with an older boiler and basic kitchens and baths, so budget for repairs and turnover costs.From photo 9
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
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.
The numbers
Edit rents, costs and assumptions
Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).
The deal
- Price
- $139,900
- Cash to close
- $18,187
- Price per unit
- $69,950
- GRM
- 6.1
Each month
- Cash flow
- −$83/mo
- Cash-on-cash
- −5.5%
- Cap rate
- 7.1%
- DSCR
- 0.91×
Break-even
- Price that breaks even
- $127,188
- Rent that breaks even
- $2,008/mo
Long run
- Year 30: property vs stocks
- $599K vs $154K
- Cash flow turns positive
- year 5
The deal
- Price
- $139,900
- Cash to close
- $18,187
- Price per unit
- $69,950
- GRM
- 6.1
Each month
- Cash flow
- −$244/mo
- Cash-on-cash
- −16.1%
- Cap rate
- 5.8%
- DSCR
- 0.73×
Break-even
- Price that breaks even
- $102,648
- Rent that breaks even
- $2,256/mo
Long run
- Year 30: property vs stocks
- $418K vs $223K
- Cash flow turns positive
- year 10
The deal
- Price
- $129,900
- Cash to close
- $16,887
- Price per unit
- $64,950
- GRM
- 5.7
Each month
- Cash flow
- −$18/mo
- Cash-on-cash
- −1.3%
- Cap rate
- 7.7%
- DSCR
- 0.98×
Break-even
- Price that breaks even
- $127,188
- Rent that breaks even
- $1,923/mo
Long run
- Year 30: property vs stocks
- $632K vs $130K
- Cash flow turns positive
- year 2
The deal
- Price
- $129,900
- Cash to close
- $16,887
- Price per unit
- $64,950
- GRM
- 5.7
Each month
- Cash flow
- −$179/mo
- Cash-on-cash
- −12.7%
- Cap rate
- 6.2%
- DSCR
- 0.79×
Break-even
- Price that breaks even
- $102,648
- Rent that breaks even
- $2,160/mo
Long run
- Year 30: property vs stocks
- $431K vs $179K
- Cash flow turns positive
- year 7
The deal
- Price
- $139,900
- Cash to close
- $32,177
- Price per unit
- $69,950
- GRM
- 6.1
Each month
- Cash flow
- $89/mo
- Cash-on-cash
- 3.3%
- Cap rate
- 7.1%
- DSCR
- 1.12×
Break-even
- Price that breaks even
- $156,528
- Rent that breaks even
- $1,785/mo
Long run
- Year 30: property vs stocks
- $713K vs $245K
- Cash flow turns positive
- year 1
The deal
- Price
- $139,900
- Cash to close
- $32,177
- Price per unit
- $69,950
- GRM
- 6.1
Each month
- Cash flow
- −$72/mo
- Cash-on-cash
- −2.7%
- Cap rate
- 5.8%
- DSCR
- 0.90×
Break-even
- Price that breaks even
- $126,328
- Rent that breaks even
- $2,005/mo
Long run
- Year 30: property vs stocks
- $478K vs $260K
- Cash flow turns positive
- year 6
The deal
- Price
- $129,900
- Cash to close
- $29,877
- Price per unit
- $64,950
- GRM
- 5.7
Each month
- Cash flow
- $142/mo
- Cash-on-cash
- 5.7%
- Cap rate
- 7.7%
- DSCR
- 1.20×
Break-even
- Price that breaks even
- $156,528
- Rent that breaks even
- $1,716/mo
Long run
- Year 30: property vs stocks
- $751K vs $227K
- Cash flow turns positive
- year 1
The deal
- Price
- $129,900
- Cash to close
- $29,877
- Price per unit
- $64,950
- GRM
- 5.7
Each month
- Cash flow
- −$19/mo
- Cash-on-cash
- −0.8%
- Cap rate
- 6.2%
- DSCR
- 0.97×
Break-even
- Price that breaks even
- $126,328
- Rent that breaks even
- $1,928/mo
Long run
- Year 30: property vs stocks
- $502K vs $229K
- Cash flow turns positive
- year 3
The deal
- Price
- $139,900
- Cash to close
- $39,172
- Price per unit
- $69,950
- GRM
- 6.1
Each month
- Cash flow
- $135/mo
- Cash-on-cash
- 4.1%
- Cap rate
- 7.1%
- DSCR
- 1.19×
Break-even
- Price that breaks even
- $166,963
- Rent that breaks even
- $1,725/mo
Long run
- Year 30: property vs stocks
- $766K vs $298K
- Cash flow turns positive
- year 1
The deal
- Price
- $139,900
- Cash to close
- $39,172
- Price per unit
- $69,950
- GRM
- 6.1
Each month
- Cash flow
- −$26/mo
- Cash-on-cash
- −0.8%
- Cap rate
- 5.8%
- DSCR
- 0.96×
Break-even
- Price that breaks even
- $134,749
- Rent that breaks even
- $1,937/mo
Long run
- Year 30: property vs stocks
- $519K vs $301K
- Cash flow turns positive
- year 3
The deal
- Price
- $129,900
- Cash to close
- $36,372
- Price per unit
- $64,950
- GRM
- 5.7
Each month
- Cash flow
- $185/mo
- Cash-on-cash
- 6.1%
- Cap rate
- 7.7%
- DSCR
- 1.29×
Break-even
- Price that breaks even
- $166,963
- Rent that breaks even
- $1,660/mo
Long run
- Year 30: property vs stocks
- $800K vs $277K
- Cash flow turns positive
- year 1
The deal
- Price
- $129,900
- Cash to close
- $36,372
- Price per unit
- $64,950
- GRM
- 5.7
Each month
- Cash flow
- $24/mo
- Cash-on-cash
- 0.8%
- Cap rate
- 6.2%
- DSCR
- 1.04×
Break-even
- Price that breaks even
- $134,749
- Rent that breaks even
- $1,865/mo
Long run
- Year 30: property vs stocks
- $550K vs $277K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $1,900 |
| Vacancy (6%) | −$114 |
| Collected | $1,786 |
| Property tax Listing | −$189 |
| Insurance Estimate | −$211 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$152 |
| Capital reserve (9% of rent) | −$171 |
| Net operating income | $833 |
| Mortgage (principal + interest) | −$838 |
| PMI | −$79 |
| Cash flow | −$83 |
| Principal paid down (equity, not cash) | $107 |
| Rent | $1,900 |
| Vacancy (6%) | −$114 |
| Collected | $1,786 |
| Property tax Listing | −$189 |
| Insurance Estimate | −$211 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$152 |
| Capital reserve (9% of rent) | −$171 |
| Property management | −$161 |
| Net operating income | $672 |
| Mortgage (principal + interest) | −$838 |
| PMI | −$79 |
| Cash flow | −$244 |
| Principal paid down (equity, not cash) | $107 |
| Rent | $1,900 |
| Vacancy (6%) | −$114 |
| Collected | $1,786 |
| Property tax Listing | −$189 |
| Insurance Estimate | −$211 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$152 |
| Capital reserve (9% of rent) | −$171 |
| Net operating income | $833 |
| Mortgage (principal + interest) | −$778 |
| PMI | −$73 |
| Cash flow | −$18 |
| Principal paid down (equity, not cash) | $99 |
| Rent | $1,900 |
| Vacancy (6%) | −$114 |
| Collected | $1,786 |
| Property tax Listing | −$189 |
| Insurance Estimate | −$211 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$152 |
| Capital reserve (9% of rent) | −$171 |
| Property management | −$161 |
| Net operating income | $672 |
| Mortgage (principal + interest) | −$778 |
| PMI | −$73 |
| Cash flow | −$179 |
| Principal paid down (equity, not cash) | $99 |
| Rent | $1,900 |
| Vacancy (6%) | −$114 |
| Collected | $1,786 |
| Property tax Listing | −$189 |
| Insurance Estimate | −$211 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$152 |
| Capital reserve (9% of rent) | −$171 |
| Net operating income | $833 |
| Mortgage (principal + interest) | −$745 |
| Cash flow | $89 |
| Principal paid down (equity, not cash) | $95 |
| Rent | $1,900 |
| Vacancy (6%) | −$114 |
| Collected | $1,786 |
| Property tax Listing | −$189 |
| Insurance Estimate | −$211 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$152 |
| Capital reserve (9% of rent) | −$171 |
| Property management | −$161 |
| Net operating income | $672 |
| Mortgage (principal + interest) | −$745 |
| Cash flow | −$72 |
| Principal paid down (equity, not cash) | $95 |
| Rent | $1,900 |
| Vacancy (6%) | −$114 |
| Collected | $1,786 |
| Property tax Listing | −$189 |
| Insurance Estimate | −$211 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$152 |
| Capital reserve (9% of rent) | −$171 |
| Net operating income | $833 |
| Mortgage (principal + interest) | −$691 |
| Cash flow | $142 |
| Principal paid down (equity, not cash) | $88 |
| Rent | $1,900 |
| Vacancy (6%) | −$114 |
| Collected | $1,786 |
| Property tax Listing | −$189 |
| Insurance Estimate | −$211 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$152 |
| Capital reserve (9% of rent) | −$171 |
| Property management | −$161 |
| Net operating income | $672 |
| Mortgage (principal + interest) | −$691 |
| Cash flow | −$19 |
| Principal paid down (equity, not cash) | $88 |
| Rent | $1,900 |
| Vacancy (6%) | −$114 |
| Collected | $1,786 |
| Property tax Listing | −$189 |
| Insurance Estimate | −$211 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$152 |
| Capital reserve (9% of rent) | −$171 |
| Net operating income | $833 |
| Mortgage (principal + interest) | −$698 |
| Cash flow | $135 |
| Principal paid down (equity, not cash) | $89 |
| Rent | $1,900 |
| Vacancy (6%) | −$114 |
| Collected | $1,786 |
| Property tax Listing | −$189 |
| Insurance Estimate | −$211 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$152 |
| Capital reserve (9% of rent) | −$171 |
| Property management | −$161 |
| Net operating income | $672 |
| Mortgage (principal + interest) | −$698 |
| Cash flow | −$26 |
| Principal paid down (equity, not cash) | $89 |
| Rent | $1,900 |
| Vacancy (6%) | −$114 |
| Collected | $1,786 |
| Property tax Listing | −$189 |
| Insurance Estimate | −$211 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$152 |
| Capital reserve (9% of rent) | −$171 |
| Net operating income | $833 |
| Mortgage (principal + interest) | −$648 |
| Cash flow | $185 |
| Principal paid down (equity, not cash) | $82 |
| Rent | $1,900 |
| Vacancy (6%) | −$114 |
| Collected | $1,786 |
| Property tax Listing | −$189 |
| Insurance Estimate | −$211 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$152 |
| Capital reserve (9% of rent) | −$171 |
| Property management | −$161 |
| Net operating income | $672 |
| Mortgage (principal + interest) | −$648 |
| Cash flow | $24 |
| Principal paid down (equity, not cash) | $82 |
Cash flow each year
Rents +3%/yr, costs +3.5%/yr. Red bars are months you'd cover out of pocket.
30 years
How those totals add up
- Your equity when you sell
- $319,200
- Rental profits, invested at 7%
- $280,047
Sells for $339,574 (value up 3% a year), minus 6% selling cost ($20,374). Rent paid down $125,910 of loan.
$142,089 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $138,444
- Monthly shortfalls, invested
- $16,041
$18,187 put into an index fund instead of the down payment and closing costs.
$2,398 you'd have paid in while the building lost money, invested instead.
The building comes out $444,762 ahead after 30 years.
- Your equity when you sell
- $319,200
- Rental profits, invested at 7%
- $98,814
Sells for $339,574 (value up 3% a year), minus 6% selling cost ($20,374). Rent paid down $125,910 of loan.
$61,785 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $138,444
- Monthly shortfalls, invested
- $84,840
$18,187 put into an index fund instead of the down payment and closing costs.
$13,862 you'd have paid in while the building lost money, invested instead.
The building comes out $194,730 ahead after 30 years.
- Your equity when you sell
- $296,383
- Rental profits, invested at 7%
- $335,135
Sells for $315,301 (value up 3% a year), minus 6% selling cost ($18,918). Rent paid down $116,910 of loan.
$161,730 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $128,548
- Monthly shortfalls, invested
- $1,517
$16,887 put into an index fund instead of the down payment and closing costs.
$213 you'd have paid in while the building lost money, invested instead.
The building comes out $501,454 ahead after 30 years.
- Your equity when you sell
- $296,383
- Rental profits, invested at 7%
- $134,513
Sells for $315,301 (value up 3% a year), minus 6% selling cost ($18,918). Rent paid down $116,910 of loan.
$77,687 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $128,548
- Monthly shortfalls, invested
- $50,925
$16,887 put into an index fund instead of the down payment and closing costs.
$7,937 you'd have paid in while the building lost money, invested instead.
The building comes out $251,423 ahead after 30 years.
- Your equity when you sell
- $319,200
- Rental profits, invested at 7%
- $393,859
Sells for $339,574 (value up 3% a year), minus 6% selling cost ($20,374). Rent paid down $111,920 of loan.
$176,975 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $244,940
$32,177 put into an index fund instead of the down payment and closing costs.
The building comes out $468,118 ahead after 30 years.
- Your equity when you sell
- $319,200
- Rental profits, invested at 7%
- $158,722
Sells for $339,574 (value up 3% a year), minus 6% selling cost ($20,374). Rent paid down $111,920 of loan.
$87,451 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $244,940
- Monthly shortfalls, invested
- $14,894
$32,177 put into an index fund instead of the down payment and closing costs.
$2,243 you'd have paid in while the building lost money, invested instead.
The building comes out $218,088 ahead after 30 years.
- Your equity when you sell
- $296,383
- Rental profits, invested at 7%
- $454,190
Sells for $315,301 (value up 3% a year), minus 6% selling cost ($18,918). Rent paid down $103,920 of loan.
$196,136 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $227,431
$29,877 put into an index fund instead of the down payment and closing costs.
The building comes out $523,142 ahead after 30 years.
- Your equity when you sell
- $296,383
- Rental profits, invested at 7%
- $205,941
Sells for $315,301 (value up 3% a year), minus 6% selling cost ($18,918). Rent paid down $103,920 of loan.
$104,621 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $227,431
- Monthly shortfalls, invested
- $1,782
$29,877 put into an index fund instead of the down payment and closing costs.
$252 you'd have paid in while the building lost money, invested instead.
The building comes out $273,111 ahead after 30 years.
- Your equity when you sell
- $319,200
- Rental profits, invested at 7%
- $446,611
Sells for $339,574 (value up 3% a year), minus 6% selling cost ($20,374). Rent paid down $104,925 of loan.
$193,729 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $298,187
$39,172 put into an index fund instead of the down payment and closing costs.
The building comes out $467,623 ahead after 30 years.
- Your equity when you sell
- $319,200
- Rental profits, invested at 7%
- $199,467
Sells for $339,574 (value up 3% a year), minus 6% selling cost ($20,374). Rent paid down $104,925 of loan.
$102,374 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $298,187
- Monthly shortfalls, invested
- $2,887
$39,172 put into an index fund instead of the down payment and closing costs.
$413 you'd have paid in while the building lost money, invested instead.
The building comes out $217,592 ahead after 30 years.
- Your equity when you sell
- $296,383
- Rental profits, invested at 7%
- $503,171
Sells for $315,301 (value up 3% a year), minus 6% selling cost ($18,918). Rent paid down $97,425 of loan.
$211,692 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $276,873
$36,372 put into an index fund instead of the down payment and closing costs.
The building comes out $522,682 ahead after 30 years.
- Your equity when you sell
- $296,383
- Rental profits, invested at 7%
- $253,141
Sells for $315,301 (value up 3% a year), minus 6% selling cost ($18,918). Rent paid down $97,425 of loan.
$119,925 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $276,873
$36,372 put into an index fund instead of the down payment and closing costs.
The building comes out $272,651 ahead after 30 years.
Future dollars. At 3% inflation, divide year-30 figures by about 2.4 for today's buying power. Rental profits are assumed invested, not spent.
30 years: this property vs. the same money in stocks
Year 30 (loan paid off): property $599K, stocks $154K. The property wins.
Year 30 (loan paid off): property $418K, stocks $223K. The property wins.
Year 30 (loan paid off): property $632K, stocks $130K. The property wins.
Year 30 (loan paid off): property $431K, stocks $179K. The property wins.
Year 30 (loan paid off): property $713K, stocks $245K. The property wins.
Year 30 (loan paid off): property $478K, stocks $260K. The property wins.
Year 30 (loan paid off): property $751K, stocks $227K. The property wins.
Year 30 (loan paid off): property $502K, stocks $229K. The property wins.
Year 30 (loan paid off): property $766K, stocks $298K. The property wins.
Year 30 (loan paid off): property $519K, stocks $301K. The property wins.
Year 30 (loan paid off): property $800K, stocks $277K. The property wins.
Year 30 (loan paid off): property $550K, stocks $277K. The property wins.
Comparable rentals
Nearby rentals RentCast matched to each unit type, as of 2026-10-05. The estimate above is RentCast's, weighted toward the closest matches.
2 bed / 2 bath estimate $950/mo · range $800–$1,075
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 401 N Dewey St, Fairmont 56031 off market | $950 | 2 / 1 | 0.6 mi | 84% |
| 1205 Victoria St, Apt 213, Fairmont 56031 | $825 | 2 / 1 | 0.8 mi | 80% |
| 1205 Victoria St, Apt 312, Fairmont 56031 | $825 | 2 / 1 | 0.8 mi | 80% |
| 1205 Victoria St, Apt 114, Fairmont 56031 off market | $825 | 2 / 1 | 0.8 mi | 80% |
| 910 Hengen St, Apt 404, Fairmont 56031 off market | $947 | 2 / 1 | 0.9 mi | 78% |
| 650 Summit Dr, Apt 6, Fairmont 56031 off market | $705 | 2 / 1 | 0.9 mi | 78% |
| 224 S Park St, Apt 2, Fairmont 56031 | $600 | 1 / 1 | 0.0 mi | 73% |
| 1205 Victoria St, Fairmont 56031 off market | $695 | 1 / 1 | 0.8 mi | 72% |
| 1205 Victoria St, Apt 320, Fairmont 56031 off market | $1,025 | 3 / 1 | 0.8 mi | 72% |
| 2602 Poetters Cir, Fairmont 56031 off market | $1,050 | 2 / 2 | 2.5 mi | 72% |
On the maps, this property and comparable rentals. Comparable rentals and rent estimate: RentCast. Rents are asking rents from listings; check them against the actual leases.
Red flags and opportunities
Watch for
- highUnit count conflicts: listing text says four units, our data says two and could not match a county parcel Based on: data: listing.unit_count · AI review
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 224 PARK ST S
- mediumOwner pays gas and city utilities with no cost figures given Listing says: The owner pays the gas, and city utility bill. · AI review
- mediumNo rents or lease terms given in the listing Based on: data: rent_estimate · AI review
Opportunities
- Coin-operated laundry gives a small extra income stream Listing says: There is a coin operated washer and dryer in the basement. · AI review
- Separate electric meters keep electric costs off the owner Listing says: The apartments have separate electric meters. · AI review
Questions for the agent
- What are the current rents, lease terms and security deposits for all four units?
- What are the last 12 months of gas and city utility bills?
- Is the building licensed and legal as a four-unit in Fairmont?
- How old is the boiler, and is there one boiler heating all four units?
- What are the property taxes and any special assessments?
- What does the coin laundry earn per month?
Bottom line
Cheap four-plex on paper, but confirm the unit count, real rents and owner-paid utilities before trusting any of the numbers. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Listinglisting, tax year 2026. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit. | $2,272 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,527 |
| Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid | $170 |
| Heat / mo Assumptionassumption. tenants pay heat; confirm with the agent | $0 |
| Lawn care / mo Assumptionassumption. $120/mo for 6 months, spread over 12; no snow removal | $60 |
| Repairs / capital reserve Rulerule. built 1915: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-09-09 (26 days); last sold for $42,000 on 2017-12-19; listed for rent at $550/mo on 2023-10-11.
| Date | Event | Price |
|---|---|---|
| Listed | $139,900 | |
| Removed | — | |
| Listed for rent | $550/mo | |
| Removed | — | |
| Listed for rent | $550/mo | |
| Removed | — | |
| Listed for rent | $550/mo | |
| Removed | — | |
| Listed for rent | $525/mo | |
| Removed | — | |
| Listed for rent | $500/mo | |
| Removed | — | |
| Listed for rent | $525/mo | |
| Removed | — | |
| Rent changed | $525/mo | |
| Listed for rent | $475/mo | |
| Removed | — | |
| Listed for rent | $475/mo | |
| Removed | — | |
| Rent changed | $475/mo | |
| Listed for rent | $500/mo | |
| Sold | $42,000 | |
| Price changed | $42,000 | |
| Listed | $48,000 | |
| Sold | $52,500 |
From the listing Listing
| Listed as | multi-family |
| Property tax, 2026 | $2,272 |
| County | Martin County |
| Parcel number | 232690340 |
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 Fairmont on rental licensing before you buy.