416 8th Street Nw, Faribault, MN 55021

Faribault
Local realty services provided by:ERA Gillespie Real Estate
416 8th Street Nw,Faribault, MN 55021
$259,900
  • 6 Beds
  • 4 Baths
  • 2,736 sq. ft.
  • Multi-family
  • Pending
Listed by: thomas schiffler
Office: premier real estate services
MLS#:6825777
Source:NSMLS

Price summary

  • Price:$259,900
  • Price per sq. ft.:$94.99

About this home

Excellent investment opportunity priced to meet the 1% rule in a highly convenient location just minutes from downtown Faribault, with quick access to I-35 and Highway 60. This property is now a fixer-upper with strong value-add potential. The building features four units: two 2-bed/1-bath units and two 1-bed/1-bath units, with only 2 units currently rented. Rents are below market, offering significant upside for a new owner willing to renovate and stabilize the property. With tall ceilings and plenty of character throughout, this property has great bones and long-term potential. Additional amenities include ample on-site parking, a garage, and a storage shed. The price has been discounted to reflect the condition, giving the next owner an excellent opportunity to create instant equity through improvements and increased rental income.

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Home facts

  • Year built:1900
  • Listing ID #:6825777
  • Added:103 day(s) ago
  • Updated:March 30, 2026 at 07:43 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Partial
  • Living area:2,736 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt
  • Year built:1900
  • Building area:2,736 sq. ft.
  • Lot area:0.4 Acres
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$259,900
  • Price per sq. ft.:$94.99
  • Tax amount:$3,806 (2025)

Parking

  • Garage:Yes
  • Garage spaces:1
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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