Property Listing
Description
This stately 1890s multi-family residence is a standout example of craftsmanship and opportunity in the heart of Faribault. Configured as a unique seven-unit property, it offers strong income potential with a proven rental layout. Timeless character shines throughout, highlighted by classic hardwood floors and distinctive architectural details. A large open-frame porch and striking exterior create impressive curb appeal, while the corner lot setting adds to its presence. The property also features a spacious basement, ideal for storage or maintenance, along with convenient gravel driveway parking. Designed for efficient management, the building includes common heating and separate electric utilities for each unit. Recent assessments reflect increasing value, and the solid stone foundation underscores its long-term durability. With the right vision and updates, there is an excellent opportunity to further enhance both value and appeal. Located near local amenities with easy highway access, this property presents a rare opportunity to own a piece of Faribault’s history while maximizing its investment potential.
Property Information
Status: Active
Sub Type: ********
List Price: $525,000
MLS#: 7061689
Current Price: $525,000
Address: 226 7th Avenue NW, Faribault, MN 55021
City: Faribault
State: MN
Postal Code: 55021
Geo Lat: 44.293312
Geo Lon: -93.279969
Subdivision: Mcclellands 2nd Add
County: Rice
Property Description
Year Built: 1890
Lot Size SqFt: 14810.4
Gen Tax: 5390
Specials Inst: 240
High School: Faribault
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Total SqFt.: ********
Style: ********
Total Bedrooms: 6
Total Bathrooms: 0
Total Full Baths: ********
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Garage Stalls: 0
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Property Features
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Lot Feat/Fld Plain: Array
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Inclusions: Building, Leases
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