This is a turn-key duplex with tenants under lease, and very little annual maintenance needed. Quiet neighborhood across the street from Bethlehem Academy. Lots of updates have been completed. Beautiful hardwood floors on main floor. Live in one and pay your mortgage with income from the other. This could also be easily converted back to a single family home.
Closed
$290,000
204 3rd Ave SW, Faribault, MN 55021
3beds
2baths
1,599sqft
Multi Family
Built in 1860
-- sqft lot
$283,700 Zestimate®
$181/sqft
$1,522 Estimated rent
Home value
$283,700
$224,000 - $357,000
$1,522/mo
Zestimate® history
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$1,821/mo
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Beautiful hardwood floorsQuiet neighborhood
Zillow last checked:
Listing updated:
Listed by:
Mark D. Barry 507-339-9947,
Fathom Realty MN, LLC
Bought with:
Mark D. Barry
Fathom Realty MN, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6750435
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Forced Air
Appliances
- Laundry: In Basement
Features
- Basement: Full
Interior area
- Total structure area: 1,599
- Total interior livable area: 1,599 sqft
- Finished area above ground: 1,599
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Garage spaces: 2
- Details: Garage Dimensions (22x20), Garage Door Height (6), Garage Door Width (8)
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Patio & porch: Enclosed, Front Porch
- Pool features: None
Lot
- Size: 0.25 Acres
- Dimensions: 66 x 165
- Features: Corner Lot
Details
- Foundation area: 738
- Parcel number: 1831301050
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1860
Utilities & green energy
- Electric: Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer - In Street
- Water: City Water - In Street
Community & HOA
Community
- Subdivision: Daniel Faribaults Add
Location
- Region: Faribault
Financial & listing details
- Price per square foot: $181/sqft
- Tax assessed value: $232,700
- Annual tax amount: $2,886
- Date on market: 7/7/2025
- Cumulative days on market: 29 days
- Tenant pays: Electricity, Trash Collection
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2025 | Sold | $290,000-4.9%$181/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6750435 Report a problem | ||
| 8/5/2025 | Pending sale | $305,000$191/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6750435 Report a problem | ||
| 7/7/2025 | Listed for sale | $305,000+106.1%$191/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6750435 Report a problem | ||
| 11/28/2016 | Sold | $148,000+111.4%$93/sqft |
Source: Public Record Report a problem | ||
| 8/28/2015 | Sold | $70,000$44/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4621327 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,292 +12.5% | $232,700 +5.7% |
| 2024 | $2,926 +5.9% | $220,100 +7.4% |
| 2023 | $2,762 +8.5% | $204,900 +9.6% |
| 2022 | $2,546 +16% | $186,900 +16.7% |
| 2021 | $2,194 +4.8% | $160,100 +17.4% |
| 2020 | $2,094 | $136,400 +2.8% |
| 2019 | $2,094 +7.1% | $132,700 +9% |
| 2018 | $1,956 +7.2% | $121,700 +10.5% |
| 2017 | $1,824 +64.9% | $110,100 +3.1% |
| 2016 | $1,106 | $106,800 +6.8% |
| 2015 | $1,106 +0.4% | $100,000 -3.3% |
| 2014 | $1,102 +6.8% | $103,400 |
| 2013 | $1,032 -10.7% | -- |
| 2012 | $1,156 | -- |
| 2011 | $1,156 +4.3% | -- |
| 2010 | $1,108 -7% | -- |
| 2009 | $1,192 +7% | -- |
| 2008 | $1,114 -1.2% | -- |
| 2007 | $1,128 +4.1% | -- |
| 2006 | $1,084 +49.7% | -- |
| 2004 | $724 +10.7% | -- |
| 2003 | $654 +8.6% | -- |
| 2002 | $602 -31% | -- |
| 2001 | $872 | -- |
Find assessor info on the county website
Neighborhood: 55021
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Nearby schools
GreatSchools rating
- 7/10Roosevelt Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 2/10Faribault Middle SchoolGrades: 6-8Distance: 1.3 mi
- 4/10Faribault Senior High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$283,700
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Estimated market value
$283,700
- Minnesota
- Rice County
- Faribault
- 55021
- 204 3rd Ave SW
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