603 Albion Ave Fairmont, MN 56031
Property details
About 603 Albion Ave
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!
Highlights
Summary
- Basement: Yes
- Garage Space: 4 spaces
- Parking: Multiple Garages
- Heating: Baseboard, Steam
- List Price: $134,900
- Price/SqFt: $46
- Annual Tax Amount: $2,366
- Tax Year: 2024
- Directions: Head southeast on Main Street in Fairmont then turn left onto State Street continue straight until you reach Albion Avenue turn right onto Albion Avenue and follow it south until you reach 603 Albion Avenue which will be on your right
- Year Built: 1900
- Living Area: 2,874 SqFt
- MLS Number: 6727333
- MLS Name: NORTHSTAR
- Office Name: True Real Estate
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$134,900
603 Albion Ave
$1,602
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 12, 2006 | Home Sold | $795,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $131,800 | $2,366 |
| 2023 | $131,300 | $2,444 |
| 2022 | $126,300 | $2,046 |
| 2021 | $95,600 | $1,964 |
| 2020 | $95,600 | $1,964 |
| 2018 | $81,500 | $1,778 |
| 2017 | $81,500 | $1,339 |
History based on county public records data.
Nearby schools
4
Fairmont Elementary School
Public District PK-6
0.5 mi
•714 Victoria St Ste 101
3
Granada Huntley East Chain Elementary School
Public District PK-5
6.9 mi
•300 Reynolds St
4
Truman Elementary School
Public District PK-6
12.6 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 $72,816. The majority of Fairmont, MN residents have income between $35k-100k annually. The majority of families are married, no kids. Typical level of education for residents in this area is post secondary degree.
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?
NASCAR
PGA/LPGA
Soccer
Where do the neighbors shop?
Dick's Sporting Goods
Stein Mart
Old Navy
Where do the neighbors go to eat?
Arbys
Bob Evans
Cracker Barrel
What do the neighbors drive?
GMC
Lincoln
Lexus
What do the neighbors listen to?
Adult Hits
News/Talk/Information
Oldies
Frequently asked questions
About 603 Albion Ave
The listing price of 603 Albion Ave property is $134,900.
The property 603 Albion Ave is a multi located in Fairmont, Minnesota, 56031.
Active Listing: 603 Albion Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 603 Albion Ave are: Fairmont Elementary School (GreatSchools Rating 4/10), Granada Huntley East Chain Elementary School (GreatSchools Rating 3/10), Truman Elementary School (GreatSchools Rating 4/10), Granada Huntley East Chain Middle S (GreatSchools Rating 4/10), Martin County West Junior High School (GreatSchools Rating 4/10), Blue Earth Area Middle School (GreatSchools Rating 4/10), Fairmont Jr./Sr. High School (GreatSchools Rating 5/10), Southern Plains Area Learning Center (GreatSchools Rating 2/10), Granada Huntley East Chain High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $2,366 (source: MLS/based on county public records data).
The last sale was on September 12, 2006 for $795,000 (source: MLS/tax record).
The property 603 Albion Ave is 2,874 SqFt (source: MLS/tax record).
The year of construction for 603 Albion Ave is 1900.
This home is located at 603 Albion Ave in Fairmont, MN and zip code 56031. This 2,874 square foot home was built in 1900. Features: 0 bathroom. It has been listed on Rocket Homes since May 28, 2025 and is currently priced at $134,900.
In May 2025, from all listings sold in Fairmont, MN there were more than 4 sold above asking price, over 6 sold below and more than 0 were sold right at the asked price. In May 2025 in Fairmont, MN there were 30.2% more homes for sale than in April. In May 2025 median list price was $189,000 and the average listing age was 42 days.