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416 8th Street Nw, Faribault, MN 55021

Faribault
Local realty services provided by:CENTURY 21 FM Realty
416 8th Street Nw,Faribault, MN 55021
$319,900
  • 6 Beds
  • 4 Baths
  • 2,736 sq. ft.
  • Multi-family
  • Active
Listed by: thomas schiffler
Office: premier real estate services
MLS#:6825777
Source:NSMLS

Price summary

  • Price:$319,900
  • Price per sq. ft.:$116.92

About this home

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.

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Home facts

  • Year built:1900
  • Listing ID #:6825777
  • Added:92 day(s) ago
  • Updated:March 20, 2026 at 12:05 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:$319,900
  • Price per sq. ft.:$116.92
  • 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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