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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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420 1st St , Farmington, MN 55024
$349,900
Est. Payment: $777.56/mo
4 Bed
2 Bath
1766 Sqft
0.33 Acres
Status: active | Days on site: 14
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12438 - 505004872
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Hatch Brokered by Real, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

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!
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Highlights

Listed by Eric A. Ruud , 612-245-4382 Top Notch Properties & Realty Services , 651-460-6674. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Multi-Family
Lot/Acreage
0.33

Year Built

1940

County

Dakota

 Neighborhood

Town Of Farmington

 School District

Farmington

Listing ID

7156060

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Above Ground Sq Ft:1766
Basement:Full,Unfinished
Water:City Water/Connected

Exterior Features

Lot Dimensions:120x120x120x120
Zoning:Residential-Multi-Family
Sewer:City Sewer/Connected
Principal Interest
$778
Taxes
$331

Home Price

$349,900

Loan Details

30 yrs
0%

Down Payment

20%
$69,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$777.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $777.56 $330.67 $0.00 $1,108.22
Yearly $9,330.67 $3,968.00 $0.00 $13,298.67
Total $279,920.00 $119,040.00 $0.00 $398,960.00
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Will Provost
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Market insight data is pulled from the same city as the listing being viewed (Farmington, MN).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Hatch Brokered by Real | Real Brokerage LLC | PLACE are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.
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Data last updated: 2026-10-22T14:02:13.000Z

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