609 E 4th St, Fairmont, MN, 56031
About This Home
Take a look at this unique triplex full of historic charm and investment opportunity! This stately home has been converted into three separate units, offering flexibility for an owner-occupant or investor. The largest unit features 3 bedrooms, spacious living areas, and plenty of natural light. The other two units are cozy 1-bedroom apartments, perfect for steady rental income. Original character still shines through in the woodwork and details, while updates make the property functional for today’s living This property offers both charm and potential.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1898
Materials
- Roof: Asphalt
Type & Style
- Home type: MultiFamily
- Property subType: Triplex
Interior
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
Features
- Finished area below ground: 0
- Finished area above ground: 2,880
Heating
- Heating features: Boiler
Interior Area
- Total structure area: 4,320
- Total interior livable area: 4,320 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 231180240
- Zoning description: Residential-Multi-Family
- Foundation area: 1440
Features
- Levels: Two
- Patio & porch: Front Porch,Glass Enclosed
Lot
- Lot size: 7,840 sqft
- Features: Tree Coverage - Light
- Lot size dimensions: .18
Parking
- Total spaces: 2
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Strong Wind
- Tornado
- Winter Weather
- Hail
- Heat Wave
- Inland Flooding
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Martin County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $758 | $9,096 |
| Home Insurance * | $150 | $1,800 |
| Property Taxes | $273 | $3,276 |
| Electricity | $364 | $4,372 |
| Total | $1,545 | $18,540 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-09-11 | Listed for sale | $150,000 |
| 2012-06-26 | Sold | $49,000 |
| 2006-01-04 | Sold | $42,000 |
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