420 1st Street, Farmington, MN 55024

Farmington
Local realty services provided by:ERA Gillespie Real Estate
420 1st Street,Farmington, MN 55024
$349,900
Virtual Tour
  • 4 Beds
  • 2 Baths
  • 1,766 sq. ft.
  • Multi-family
  • Active
Listed by: eric a. ruud
Office: top notch properties & realty services
MLS#:7156060
Source:NSMLS

Price summary

  • Price:$349,900
  • Price per sq. ft.:$130.51

About this home

Opportunity Knocks in Downtown Farmington! Whether you’re looking for an owner-occupied property or the next addition to your rental portfolio, this duplex offers plenty of potential. Ideally located in downtown Farmington and situated on a large corner lot, the property provides room to expand and maximize its investment potential. The main-level unit has been updated and is ready to rent. The upper-level unit needs just a few finishing touches before it can be placed on the rental market. Both units feature 2 bedrooms and 1 bathroom, offering a desirable layout for tenants. The basement provides shared laundry facilities and additional storage space. Outside, the property offers a large driveway, a 2-car garage, and an additional shed, providing excellent parking and storage options. The extra space may also offer an opportunity for additional rental income. With its downtown location, spacious lot, multiple storage options, and value-add potential, this property is a great...

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Home facts

  • Year built:1940
  • Subdivision & Development:Town Of Farmington
  • Listing ID #:7156060
  • Added:1 day(s) ago
  • Updated:October 08, 2026 at 06:52 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Basement:Yes
  • Basement Description:Full, Unfinished
  • Living area:1,766 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1940
  • Building area:1,766 sq. ft.
  • Lot area:0.33 Acres
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$349,900
  • Price per sq. ft.:$130.51
  • Tax amount:$3,968 (2026)

Parking

  • Garage:Yes
  • Garage spaces:2
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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