114 8th St Fairmont, MN 56031
Property details
About 114 8th St
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!
Highlights
Summary
- Basement: Yes
- Garage Space: 2 spaces
- Heating: Steam
- List Price: $79,000
- Price/SqFt: $32
- Lot: Many Trees
- Directions: From Hwy 15, turn west on 10th Street. Once you get to N North, turn left until you come to 8th Street and the triplex is on the south side of the street.
- Year Built: 1915
- Living Area: 2,462 SqFt
- MLS Number: 6716888
- MLS Name: NORTHSTAR
- Office Name: RE/MAX TOTAL REALTY
Copyright © 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
By searching, you agree to the EULA Terms Agreement.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/9/2025, 12:22:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$79,000
114 8th St
$938
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
4
Fairmont Elementary School
Public District PK-6
1.0 mi
•714 Victoria St Ste 101
3
Granada Huntley East Chain Elementary School
Public District PK-5
6.4 mi
•300 Reynolds St
4
Truman Elementary School
Public District PK-6
11.6 mi
•401 E 1st St S
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,575. Most Fairmont, MN residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Extreme Sports
Figure Skating
NASCAR
Where do the neighbors shop?
Academy Sports & Outdoors
Kmart
Dollar General
Where do the neighbors go to eat?
Little Caesars
Bob Evans
Cracker Barrel
What do the neighbors drive?
Chevrolet
Buick
Ram
What do the neighbors listen to?
Country
Oldies- Classic Country
This home is located at 114 8th St in Fairmont, MN and zip code 56031. This 2,462 square foot home was built in 1915. Features: 0 bathroom. It has been listed on Rocket Homes since May 7, 2025 and is currently priced at $79,000.
Fairmont, MN housing market in April 2025 saw over 1 listings sold above listed price, more than 2 sold at listed price and over 7 sold below. The number of homes for sale in Fairmont, MN did not change between March and April 2025. In April 2025 median list price was $189,000 and the average listing age was 38 days.