Date
Details
Price
Change
Source
10/08/2026
Listed
$349,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$349,900 Just Listed
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Property 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!
Full Property Details
Full Property Details for 420 1st St
General
- Price: $349,900
- Taxes: $3,968 (2026)
- Status: Active
- Type: Duplex
- Source: NorthStarMLS_RMLS
- MLS ID: 7156060
- Updated: Today (10/8/2026)
- Added to Site: Today
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Dakota
- Township: Farmington
- Subdivision: Town Of Farmington
- Driving Directions: Denmark Ave to Spruce Street East to dulpex
School Information
- School District: 192 - Farmington
- High School District: Farmington
Heating & Cooling
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Foundation Size: 915
- Disability Access: None
- Square Feet: 1,766
- Above Ground: 1,766 Sq. Ft.
- Below Ground: 915 Sq. Ft.
- Finished Down/Base.: 2,681 Sq. Ft.
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.33
- Lot Dimensions: 120 x 120 x 120 x 120
- Zoning: Residential-Multi-Family
Financial Considerations
- Operating Expenses: $10,068
- Tax Amount: $3,968
- Tax Year: 2026
- Terms: Conventional, VA, FHA, Cash
Disclosures and Reports
- Legal Description: TOWN OF FARMINGTON S 120 FT OF LOTS 5 & 6 Block 13
- Property ID: 147700013061
Listed by Top Notch Properties & Realty Services
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NMLS#: 1598647
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Schools
Schools serving 420 1st St
School District:Farmington Area Public Schools
| Name | Grades | Distance |
|---|---|---|
Riverview Elementary School 4100 208th Street West, Farmington, MN 55024 | K-5 | 0.7 mi |
Robert Boeckman Middle School 800 Denmark Avenue, Farmington, MN 55024 | 6-8 | 0.4 mi |
Farmington High School 20655 Flagstaff Avenue, Farmington, MN 55024 | 9-12 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 420 1st St
Tax History
Tax History for 420 1st St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,968
19%
$301,400
5%
2025
$3,342
—
$287,700
1%
2025
$3,342
9%
$285,500
8%
2023
$3,076
—
$264,900
9%
2023
$3,076
-6%
$242,900
—
2022
$3,276
10%
$242,900
23%
2020
$2,988
14%
$197,001
17%
2019
$2,614
1%
$168,225
5%
2018
$2,577
—
$160,377
3%
2017
$2,577
14%
$155,472
18%
2016
$2,258
17%
$131,601
11%
2015
$1,927
9%
$118,848
15%
2014
$1,770
-12%
$102,934
-8%
2013
$2,009
—
$111,436
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 420 1st St
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420 1st Street, Farmington, MN 55024 (MLS# 7156060) is a Duplex property with 4 bedrooms and 0 full bathrooms. 420 1st Street is currently listed for $349,900 and was received on October 08, 2026. Want to learn more about 420 1st Street? Do you have questions about finding other Duplex real estate for sale in Farmington? You can browse all Farmington real estate or contact a Coldwell Banker agent to request more information.