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  • $71,000

    114 E 8th St, Fairmont, MN 56031

    4beds
    3baths
    3,228sqft
    Triplex
    Built in 1915
    -- sqft lot
    $-- Zestimate®
    $22/sqft
    $1,465 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,465/mo

    Zestimate® history
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    What's special

    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Vonnie Cone 507-848-0114,

    RE/MAX TOTAL REALTY

    Bought with:

    Mike Blow

    Re/Max Advantage Plus

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6716888MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    Heating
    • Boiler
    Features
    • Basement: Full,Unfinished
    Interior area
    • Total structure area: 3,228
    • Total interior livable area: 3,228 sqft
    • Finished area above ground: 2,462
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    • Details: Garage Dimensions (24x24)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    Lot
    • Size: 9,757 Square Feet
    • Dimensions: .224
    • Features: Tree Coverage - Medium
    Details
    • Foundation area: 766
    • Parcel number: 231200040
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Materials
    • Roof: Age Over 8 Years,Asphalt
    Condition
    • New construction: No
    • Year built: 1915

    Utilities & green energy

    • Electric: Circuit Breakers
    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    Community
    • Subdivision: Garlicks
    HOA
    • Amenities included: Laundry
    Location
    • Region: Fairmont

    Financial & listing details

    • Price per square foot: $22/sqft
    • Tax assessed value: $87,800
    • Annual tax amount: $1,514
    • Date on market: 5/7/2025
    • Cumulative days on market: 5 days
    • Road surface type: Paved

    Price history

    DateEventPrice
    2/17/2026Listing removed$600
    Source: Zillow Rentals Report a problem
    12/11/2025Listed for rent$600
    Source: Zillow Rentals Report a problem
    5/28/2025Sold$71,000-10.1%$22/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6716888 Report a problem
    5/12/2025Pending sale$79,000$24/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6716888 Report a problem
    5/7/2025Listed for sale$79,000+17%$24/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6716888 Report a problem
    9/15/2020Sold$67,500-6.3%$21/sqft
    Source: NorthstarMLS as distributed by MLS GRID #5570383 Report a problem
    8/21/2020Pending sale$72,000$22/sqft
    Source: RE/MAX TOTAL REALTY #5570383 Report a problem
    5/21/2020Listed for sale$72,000+92%$22/sqft
    Source: RE/MAX TOTAL REALTY #5570383 Report a problem
    7/10/2007Sold$37,500$12/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,514 +32.1%$87,800 -0.2%
    2024$1,146 -15.2%$88,000 +25.7%
    2023$1,352 +29%$70,000 -9.2%
    2022$1,048 +9.9%$77,100 +40.2%
    2021$954 +7.4%$55,000 +19.3%
    2020$888 +22.7%$46,100 +2.4%
    2018$724 +28.6%$45,000 +8.4%
    2017$563 +18%$41,500 +13.1%
    2016$477 +17.2%$36,700 +7.3%
    2015$407 -17.8%$34,200 -4.5%
    2013$495 +1.3%$35,800 -1.1%
    2012$489 $36,200
    2011-- --
    2010-- $36,300
    Find assessor info on the county website

    Neighborhood: 56031

    Nearby schools

    GreatSchools rating
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