Skip to content
Back to search

$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

12 days on market MLS # 7156060 Virtual tour

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

    Nearby homes

    Listing courtesy of Top Notch Properties & Realty Services

    The data relating to real estate for sale comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

    Listing information last updated October 9, 2026.