FOR SALE

Multi-Family

$349,900

420 1st Street, Farmington MN 55024

Property information

Beds

4

Baths

2

Sq Ft

1,766

Year Built

1940

Property Type

Duplex Up and Down

Acres

0.33

County

Dakota

Waterfront

No

Waterfront View

—

Waterfront Feet

—

Water Body

—

Parking

2

Basement

Full, Unfinished

Price/Sqft

$198

Stories

Two

Pool

—

HOA Fee

N/A

List Date

10/8/2026

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 opportunity for an investor or owner occupant. Schedule your showing today and see the possibilities for yourself!