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$ 319,900
Est. payment /mo
New
416 8th ST NW Faribault, MN 55021
6 Beds
4 Baths
2,736 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,736 sqft
Price per Sqft $116
Subdivision Paquins 2Nd Add
MLS Listing ID 6825777
Bedrooms 6
Year Built 1900
Annual Tax Amount $3,806
Tax Year 2025
Contingent None
Lot Size 0.402 Acres
Acres 0.402
Lot Dimensions 99x177
Property Sub-Type Quadruplex
Property Description
Excellent investment opportunity priced to meet the 1% rule and located in a highly convenient area. Just minutes from downtown Faribault with quick access to I-35 and Highway 60, this property offers both strong rental potential and long-term upside. The building features four units: two 2-bed/1-bath units and two 1-bed/1-bath units. Rents in Units 1, 3, and 4 are currently well below market, providing a great value-add opportunity for the next owner. The property showcases tall ceilings and plenty of character throughout. Additional amenities include ample on-site parking, a garage, and a storage shed.
Location
State MN
County Rice
Rooms
Basement Partial
Interior
Heating Forced Air
Fireplace No
Exterior
Garage Spaces 1.0
Roof Type Asphalt
Building
Story Two
Foundation 1380
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Faribault
Listed by Thomas Schiffler • Premier Real Estate Services