MN > Faribault > Paquins 2Nd Add
Faribault, MN 55021,416 8th ST NW
Faribault, MN 55021,416 8th ST NW
Faribault, MN 55021,416 8th ST NW
Faribault, MN 55021,416 8th ST NW
Faribault, MN 55021,416 8th ST NW
Faribault, MN 55021,416 8th ST NW
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David Nelson

David Nelson

+1(612) 986-4670
$ 319,900
Est. payment | /mo

6 Beds

4 Baths

2,736 SqFt

Save
$ 319,900
Est. payment | /mo
Save

6 Beds

4 Baths

2,736 SqFt

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
David Nelson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(612) 986-4670

david@imperialhometeam.com

3609 Shepherd Hills Drive, Bloomington, Minnesota, 55431, USA

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416 8th ST NW