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416 8th Street Nw, Faribault, MN 55021

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:ND_FMAAR

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:45 day(s) ago
  • Updated:February 01, 2026 at 04:44 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Living area:2,736 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

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

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

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