226 7th Ave NW - Multi-Family FOR SALE


Faribault, MN 55021
$525,000 USD
612-502-7653
226 7th Ave NW, Faribault, MN for Sale
$525,000 USD
Multi-Family - FOR SALE
1/22
null | Request Cap Rate

226 7th Ave NW
Faribault, MN 55021


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$82 USD /SF

# OF UNITS

7

PRICE/UNIT

$75,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

226 7th Ave NW, Faribault

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

1830451085

ASK ABOUT THIS PROPERTY

Jason HuerkampKW CommercialMore Info
612-502-7653

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Jason HuerkampKW CommercialMore Info
612-502-7653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.