An incredible investment opportunity is knocking at your door! This well-maintained triplex is brimming with potential and charm. Step into the upstairs unit, where you'll find a fresh coat of paint, sleek new drywall and trim, updated plumbing, and contemporary fixtures. It's a space that feels both fresh and inviting. The basement unit shines with its recent paint job, updated trim, and plush new carpeting—creating a cozy retreat with modern appeal. The main floor unit, now enjoying its 13th year on a reliable long-term lease, is newly painted and offers exciting potential for conversion into a second bedroom. Recent enhancements throughout the property include beautifully improved landscaping, brand-new gutters, and a well-maintained furnace and AC system. The windows and siding are just four years old, ensuring durability and energy efficiency. Don’t miss your chance to own this versatile gem, poised to deliver exceptional returns!
Closed
$315,000
504 3rd St NE, Faribault, MN 55021
3beds
3baths
2,284sqft
Triplex
Built in 1928
-- sqft lot
$334,200 Zestimate®
$138/sqft
$1,574 Estimated rent
Home value
$334,200
$317,000 - $351,000
$1,574/mo
Zestimate® history
Owner options
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$1,574/mo
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$1,574/mo
Rent Zestimate®
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$1,982/mo
Est. payment
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$1,982/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Lacie Nelson 952-873-9333,
eXp Realty,
Morgan Almendinger 507-649-4010
Bought with:
Joe Mueller
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6603545
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Forced Air
Appliances
- Laundry: Main Level
Features
- Basement: Egress Window(s),Finished,Full
Interior area
- Total structure area: 2,284
- Total interior livable area: 2,284 sqft
- Finished area above ground: 1,749
- Finished area below ground: 535
Property
Parking
- Parking features: Shared Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Enclosed, Rear Porch
- Fencing: Partial,Wood
Lot
- Size: 0.53 Acres
- Dimensions: 100 x 220
Details
- Foundation area: 875
- Parcel number: 1832252011
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1928
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Coopers Add
Location
- Region: Faribault
Financial & listing details
- Price per square foot: $138/sqft
- Tax assessed value: $300,000
- Annual tax amount: $3,760
- Date on market: 9/17/2024
- Cumulative days on market: 7 days
Price history
| Date | Event | Price |
|---|---|---|
| 10/25/2024 | Sold | $315,000+0%$138/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6603545 Report a problem | ||
| 9/28/2024 | Pending sale | $314,900$138/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6603545 Report a problem | ||
| 9/21/2024 | Listed for sale | $314,900+24.5%$138/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6603545 Report a problem | ||
| 5/31/2022 | Sold | $253,000$111/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6188025 Report a problem | ||
| 5/4/2022 | Listed for sale | $253,000+35.1%$111/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6188025 Report a problem | ||
| 4/18/2006 | Sold | $187,300$82/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,056 +7.9% | $300,000 +10.4% |
| 2024 | $3,760 +9.4% | $271,700 +2.9% |
| 2023 | $3,438 +8.1% | $264,100 +13.3% |
| 2022 | $3,180 +7.7% | $233,200 +16.3% |
| 2021 | $2,954 +6.4% | $200,600 +8.7% |
| 2020 | $2,776 | $184,500 +4.3% |
| 2019 | $2,776 +3% | $176,900 +5% |
| 2018 | $2,694 +2% | $168,500 +5% |
| 2017 | $2,640 -4.8% | $160,400 +9.4% |
| 2016 | $2,774 | $146,600 +2.5% |
| 2015 | $2,774 +5.1% | $143,000 +1.3% |
| 2014 | $2,640 -4% | $141,100 |
| 2013 | $2,750 +29.2% | -- |
| 2012 | $2,128 | -- |
| 2011 | $2,128 +45.8% | -- |
| 2010 | $1,460 -2.8% | -- |
| 2009 | $1,502 +0.5% | -- |
| 2008 | $1,494 -2.9% | -- |
| 2007 | $1,538 +5.5% | -- |
| 2006 | $1,458 +31.1% | -- |
| 2004 | $1,112 +11% | -- |
| 2003 | $1,002 +5.9% | -- |
| 2002 | $946 -28.7% | -- |
| 2001 | $1,326 | -- |
Find assessor info on the county website
Neighborhood: 55021
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Nearby schools
GreatSchools rating
- 7/10Roosevelt Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 2/10Faribault Middle SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Faribault Senior High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$334,200
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Estimated market value
$334,200
- Minnesota
- Rice County
- Faribault
- 55021
- 504 3rd St NE
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