$150,000

609 E 4th St Fairmont, MN 56031

Estimated payment $976/month

Total Views 42,401
5 Beds
3 Baths
2,880 Sq Ft
$52 Price per Sq Ft

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.

Listing Agent

Vonnie Cone

RE/MAX TOTAL REALTY Listed on: 09/10/2025

RE/MAX TOTAL REALTY

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,097

Year Built

Built in 1898

Lot Details

7,841 Sq Ft Lot

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry
  • Year Built: 1898
  • Above Grade Finished Sq Ft: 2880
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Living Area: 2880
  • Owner Pays: Gas, Insurance, Grounds Care, Repairs, Sewer, Taxes, Trash Collection
  • Basement YN: Yes
  • Total Rooms: 5
  • FamilyRoomRoomFeatures: Family Room

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Asphalt
  • PatioPorchType: Front Porch,Glass Enclosed

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Fairmont Area Schools
  • SchoolDistrictPhone: 507-238-4234

Lot Info

  • Lot Size: .18
  • Land Lease: No
  • Lot Features: Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding
  • Units Total: 3

Rental Info

  • Expenses: 9837.0000

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 231180240
  • Tax Annual Amount: 2097
  • TaxWithAssessments: 2574.0000

Multi Family

  • TenantPays: Electricity
  • FuelExpense: 2131

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
Source: Public Records

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
Source: NorthstarMLS

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
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $48,000 VA
Previous Owner $37,800 Adjustable Rate Mortgage/ARM
Source: Public Records

Source: NorthstarMLS

MLS Number: 6787099

NorthstarMLS

APN: 231180240

Minnesota Martin County Fairmont 56031

609 E 4th St, Fairmont, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthstarMLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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Vonnie Cone
Listing Agent
Vonnie Cone
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RE/MAX TOTAL REALTY
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