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$349,900
- 4 beds
- 2 baths
- 1,766 sqft
420 1st Street, Farmington, MN 55024
For sale Est. —/mo
- Multi-family home · Duplex Up and Down
- Built in 1940
- 0.33 acres lot
- $198/sqft
- 2-car garage
Overview
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!
Facts & features
Interior
- Bedrooms: 4
- Bathrooms: 2
- Finished sqft: 1,766
- Above grade sqft: 1,766
- Basement: Full, Unfinished
- Heating: Forced Air
Property
- Garage spaces: 2
- Lot size: 0.33 acres
- Lot dimensions: 120x120x120x120
- Exterior features: Vinyl
Construction
- Home type: Multi-family home (Duplex Up and Down)
- Levels: Two
- Year built: 1940
Utilities
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
- Subdivision: Town Of Farmington
Taxes & location
- Annual taxes: $3,968 (2026)
- County: Dakota
- School district: Farmington
Listing
- Status: For sale
- Listed: Oct 8, 2026
- Days on market: 12
- MLS #: 7156060
Monthly payment
—/mo
An example, not a loan offer. Taxes and HOA dues come from the listing when known; home insurance is a rough estimate. Mortgage insurance is not included. Your rate depends on your lender and credit.
Location
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Request a tour
420 1st Street, Farmington, MN 55024