$ 140,000

303 Pine ST

Farmington, MN 55024

  • 0.45 Lot Size
  • 1920 Year Built
Looking for a property with endless investment and/or owner-occupant potential? This is it! Central downtown Farmington location -this property has a multitude of uses. Restore it to its former glory as a fourplex that was bringing in over $4k per month gross rents years ago (potential to be $5k/mo + at current market rates). Or... combine units into a larger triplex, duplex, or even tear down and rebuild new - the half acre of land is worth the asking price alone. Potential commercial uses are feasible as well - the possibilities are truly endless. Strong rental demand in the area and extensive revitalization underway in downtown Farmington make for great future upside potential. Suffered moderate fire damage and is in need of substantial repair - priced accordingly. Good bones! Check it out for yourself and let your imagination run wild with the possibilities!
Listed by Joseph Mueller of RE/MAX Results

PROPERTY DETAIL

  • Key Details

    Sold Price $140,0005.3%

    Property Type Multi-Family

    Sub Type Quadruplex

    Listing Status Sold

    Purchase Type For Sale

    Subdivision Town Of Farmington

    MLS Listing ID 6774761

    Year Built 1920

    Annual Tax Amount $1,910

    Tax Year 2025

    Lot Size 0.450 Acres

    Property Sub-Type Quadruplex

  • Location

    State MN

    County Dakota

  • Building

    Story Two

    Foundation 1913

    Sewer City Sewer/Connected

    Water City Water/Connected

    Structure Type Other

    New Construction false

  • Interior

    Heating Hot Water

  • Exterior

    Parking Features Asphalt

    Waterfront Description River Front

    Roof Type Age Over 8 Years

  • Schools

    School District Farmington

CONTACT

Joe Mueller
Joe Mueller

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