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
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Chad Pederson

Chad Pederson

+1(612) 325-8745
$319,900
Est. payment /mo
6 Beds
4 Baths
2,736 SqFt
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UPDATED:

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

Building

Story Two

Foundation 1380

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Faribault

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Listed by Thomas Schiffler • Premier Real Estate Services

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Chad Pederson

Chad Pederson

+1(612) 325-8745

Broker | License ID: 20586306

Broker License ID: 20586306

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