609 E 4th St Fairmont, MN 56031
Estimated payment $961/month
About This Home
Take a look at this unique triplex full of historic charm and investment opportunity! This stately home has been converted into three separate units, offering flexibility for an owner-occupant or investor. The largest unit features 3 bedrooms, spacious living areas, and plenty of natural light. The other two units are cozy 1-bedroom apartments, perfect for steady rental income. Original character still shines through in the woodwork and details, while updates make the property functional for today’s living This property offers both charm and potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,097
Year Built
- Built in 1898
Parking
- 2 Car Garage
Home Design
- Triplex
- Wood Siding
Interior Spaces
- 2,880 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Additional Features
- Few Trees
- Boiler Heating System
Listing and Financial Details
- The owner pays for gas, insurance, grounds care, repairs, sewer, taxes, trash collection
- Assessor Parcel Number 231180240
Community Details
Overview
- 3 Units
- Gambles Subdivision
Amenities
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,574 | $121,000 | $13,800 | $107,200 |
| 2024 | $1,950 | $126,600 | $13,800 | $112,800 |
| 2023 | $1,936 | $93,900 | $7,000 | $86,900 |
| 2022 | $1,550 | $85,500 | $7,700 | $77,800 |
| 2021 | $1,516 | $57,700 | $6,500 | $51,200 |
| 2020 | $1,586 | $57,500 | $6,500 | $51,000 |
| 2019 | $1,078 | $57,500 | $6,500 | $51,000 |
| 2018 | $970 | $43,400 | $4,900 | $38,500 |
| 2017 | $882 | $41,100 | $4,600 | $36,500 |
| 2016 | $920 | $45,300 | $5,100 | $40,200 |
| 2015 | $601 | $41,600 | $4,700 | $36,900 |
| 2013 | $351 | $22,600 | $2,877 | $19,723 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/10/2025 09/10/25 | For Sale | $150,000 | -- | $52 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $49,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $42,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $48,000 | VA | |
| Previous Owner | $37,800 | Adjustable Rate Mortgage/ARM |
Source: NorthstarMLS
MLS Number: 6787099
APN: 231180240
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