Closed

$128,500

603 Albion Ave, Fairmont, MN 56031

6beds

4baths

2,874sqft

Quadruplex

Built in 1900

-- sqft lot

$-- Zestimate^®

$45/sqft

$1,408 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,408/mo

Zestimate^® history

Owner options

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$1,408/mo

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$1,408/mo

Rent Zestimate^®

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$790/mo

Est. payment

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$790/mo

Est. payment

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What's special

Charming 4-plex in Central Fairmont! This spacious, income-producing property offers one large 3BR unit and three 1BR units—each with a private garage stall. Ideal for investors or owner-occupants. The primary unit features stunning bay windows, built-ins, and hardwood floors bursting with character. Updated electrical panels and shared laundry add to functionality. The corner lot provides great visibility and convenience just blocks from downtown amenities. With strong layout flexibility, this property offers immediate rental income and long-term upside. Bring your vision—opportunities like this don’t hit the market often!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4

Heating

Baseboard, Boiler

Appliances

Laundry: Common Area

Features

Basement: Full,Unfinished

Interior area

Total structure area: 2,874
Total interior livable area: 2,874 sqft
Finished area above ground: 2,874
Finished area below ground: 0

Property

Parking

Total spaces: 4
Parking features: Multiple Garages
Garage spaces: 4

Accessibility

Accessibility features: None

Features

Levels: Two

Lot

Size: 0.38 Acres
Dimensions: 200 x 80

Details

Foundation area: 1043
Parcel number: 230730220

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Frame
Roof: Asphalt

Condition

New construction: No
Year built: 1900

Utilities & green energy

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

Community & HOA

Community

Subdivision: Budds

HOA

Amenities included: Laundry, Deck

Location

Region: Fairmont

Financial & listing details

Price per square foot: $45/sqft
Tax assessed value: $122,700
Annual tax amount: $2,165
Date on market: 5/28/2025
Cumulative days on market: 32 days

Price history

Date	Event	Price
7/31/2025	Sold	$128,500-4.7%$45/sqft
Source: NorthstarMLS as distributed by MLS GRID #6727333 Report a problem
6/27/2025	Pending sale	$134,900$47/sqft
Source: NorthstarMLS as distributed by MLS GRID #6727333 Report a problem
5/28/2025	Listed for sale	$134,900-83%$47/sqft
Source: RASM #7037574 Report a problem
9/12/2006	Sold	$795,000$277/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,510 +6.1%	$122,700 -6.9%
2024	$2,366 -3.2%	$131,800 +0.4%
2023	$2,444 +10.6%	$131,300 +4%
2022	$2,210 +11.7%	$126,300 +32.1%
2021	$1,978 +0.7%	$95,600 +4.9%
2020	$1,964 +10.5%	$91,100 +11.8%
2018	$1,778 +32.8%	$81,500
2017	$1,339 +14.7%	$81,500 +10%
2016	$1,167 +12.8%	$74,100 +3.5%
2015	$1,035 -14.5%	$71,600 -1.4%
2013	$1,211 +5.8%	$72,600 +4.9%
2012	$1,144	$69,200
2011	--	--
2010	--	$69,200