Make your next move with this 2-unit duplex, offering a prime opportunity for both homeowners and investors. Whether you choose to live in one unit and rent out the other, lease both for steady cash flow, or create the perfect setup for extended family, this property provides flexibility. Each unit features over 1,000 sq feet, 3 bedrooms, in-unit washer and dryer, newer carpeting, and convenient public parking right out front. The garage, currently assigned to the lower unit, can be used however best it fits your needs. Don’t miss this chance to own this property!
Closed
$178,800
103 1st St SE, New Richland, MN 56072
6beds
2baths
2,931sqft
Duplex Up and Down
Built in 1876
-- sqft lot
$159,500 Zestimate®
$61/sqft
$1,448 Estimated rent
Home value
$159,500
$129,000 - $190,000
$1,448/mo
Zestimate® history
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$933/mo
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List your homeWhat's special
Newer carpetingIn-unit washer and dryer
Zillow last checked:
Listing updated:
Listed by:
Matthew Kern 507-676-1602,
RE/MAX Venture
Bought with:
Matthew Kern
RE/MAX Venture
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6672738
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Forced Air
Features
- Basement: Unfinished
Interior area
- Total structure area: 2,931
- Total interior livable area: 2,931 sqft
- Finished area above ground: 2,411
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached Garage
- Garage spaces: 1
- Details: Garage Dimensions (16 x 20)
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 5,183 Square Feet
- Dimensions: 53 x 100
Details
- Foundation area: 1130
- Parcel number: 151000630
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Up and Down
Materials
- Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1876
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Village/New Richland
Location
- Region: New Richland
Financial & listing details
- Price per square foot: $61/sqft
- Tax assessed value: $149,500
- Annual tax amount: $2,082
- Date on market: 2/21/2025
- Cumulative days on market: 118 days
- Tenant pays: All Utilities, Trash Collection
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2025 | Sold | $178,800+5.8%$61/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6672738 Report a problem | ||
| 6/19/2025 | Pending sale | $169,000$58/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6672738 Report a problem | ||
| 2/21/2025 | Listed for sale | $169,000+44.4%$58/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6672738 Report a problem | ||
| 8/1/2022 | Sold | $117,000-9.7%$40/sqft |
Source: Public Record Report a problem | ||
| 6/23/2022 | Listed for sale | $129,500+69.3%$44/sqft |
Source:  RASM #7030230 Report a problem | ||
| 9/28/2017 | Sold | $76,500-13.5%$26/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4753346 Report a problem | ||
| 8/28/2017 | Pending sale | $88,440$30/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4753346 Report a problem | ||
| 2/18/2016 | Listed for sale | $88,440-4.8%$30/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4679958 Report a problem | ||
| 12/2/2014 | Listing removed | $92,900$32/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4460937 Report a problem | ||
| 10/20/2014 | Price change | $92,900-0.1%$32/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4460937 Report a problem | ||
| 10/8/2014 | Price change | $92,999-6.8%$32/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4460937 Report a problem | ||
| 9/30/2014 | Listed for sale | $99,800$34/sqft |
Source: Edina Realty, Inc. #4460937 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,230 +7.1% | $149,500 +12.5% |
| 2024 | $2,082 -54.6% | $132,900 +3.4% |
| 2023 | $4,586 +105.3% | $128,500 +23.3% |
| 2022 | $2,234 +6.5% | $104,200 +7.6% |
| 2021 | $2,098 -4.4% | $96,800 |
| 2020 | $2,194 +100% | $96,800 |
| 2019 | $1,097 -39.2% | $96,800 +13.1% |
| 2018 | $1,804 +33.8% | $85,600 +62.7% |
| 2017 | $1,348 | $52,600 |
| 2016 | -- | $52,600 +24.1% |
| 2015 | -- | $42,400 +52% |
| 2012 | -- | $27,900 |
| 2011 | -- | $27,900 -2.4% |
| 2010 | -- | $28,600 |
Find assessor info on the county website
Neighborhood: 56072
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Nearby schools
GreatSchools rating
- 7/10Nrheg Elementary SchoolGrades: PK-5Distance: 9.9 mi
- 5/10Nrheg SecondaryGrades: 6-12Distance: 0.2 mi
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- Minnesota
- Waseca County
- New Richland
- 56072
- 103 1st St SE
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