Fantastic investment opportunity in the heart of Faribault! This centrally located duplex is perfect for both investors and those looking to owner-occupy. Live in one unit while generating rental income from the other, or rent out both units for a steady cash flow. Just a short walk from local stores and restaurants, this property offers convenience and potential. Upper level bedroom and sunroom not photographed.
Closed
$272,500
510 3rd St NW, Faribault, MN 55021
5beds
2baths
2,534sqft
Multi Family
Built in 1873
-- sqft lot
$290,200 Zestimate®
$108/sqft
$1,673 Estimated rent
Home value
$290,200
$273,000 - $305,000
$1,673/mo
Zestimate® history
Owner options
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$1,673/mo
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$1,673/mo
Rent Zestimate®
Refinance and save
$1,692/mo
Est. payment
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$1,692/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Izzy Hernandez 651-502-5692,
Edina Realty, Inc.
Bought with:
Dean Durhman
Edina Realty, Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6577399
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Forced Air
Appliances
- Laundry: Common Area
Features
- Has basement: Yes
Interior area
- Total structure area: 2,534
- Total interior livable area: 2,534 sqft
- Finished area above ground: 2,534
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 0.25 Acres
- Dimensions: 66 x 165
Details
- Foundation area: 1572
- Parcel number: 1831126243
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Stone
Condition
- New construction: No
- Year built: 1873
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Faribault
- Subdivision: City/Faribault
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2024 | Sold | $272,500-2.7%$108/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6577399 Report a problem | ||
| 8/29/2024 | Pending sale | $280,000$110/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6577399 Report a problem | ||
| 8/16/2024 | Listed for sale | $280,000+97.2%$110/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6577399 Report a problem | ||
| 3/11/2019 | Sold | $142,000$56/sqft |
Source: Public Record Report a problem | ||
| 12/2/2016 | Sold | $142,000+13.6%$56/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4752996 Report a problem | ||
| 1/12/2010 | Sold | $125,000$49/sqft |
Source: Public Record Report a problem | ||
| 10/28/2009 | Sold | $125,000+51.3%$49/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1691526 Report a problem | ||
| 11/15/1996 | Sold | $82,600$33/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,044 +3.4% | $280,300 +5.6% |
| 2024 | $2,944 +18.6% | $265,500 +1.7% |
| 2023 | $2,482 +11.5% | $261,000 +20.3% |
| 2022 | $2,226 +12.2% | $217,000 +16.5% |
| 2021 | $1,984 +5.5% | $186,300 +10.7% |
| 2020 | $1,880 | $168,300 +3.1% |
| 2019 | $1,880 +9.6% | $163,300 +8.9% |
| 2018 | $1,716 +10% | $150,000 +10.2% |
| 2017 | $1,560 -26.2% | $136,100 +6.2% |
| 2016 | $2,114 | $128,200 +5.5% |
| 2015 | $2,114 +3.1% | $121,500 -1.9% |
| 2014 | $2,050 +1% | $123,800 |
| 2013 | $2,030 +5.8% | -- |
| 2012 | $1,918 | -- |
| 2011 | $1,918 +53.4% | -- |
| 2010 | $1,250 -19% | -- |
| 2009 | $1,544 +17.5% | -- |
| 2008 | $1,314 +12.7% | -- |
| 2007 | $1,166 -32.8% | -- |
| 2006 | $1,736 +19.6% | -- |
| 2004 | $1,452 | -- |
| 2003 | -- | -- |
| 2002 | $1,368 -22.2% | -- |
| 2001 | $1,758 | -- |
Find assessor info on the county website
Neighborhood: 55021
Nearby schools
GreatSchools rating
- 7/10Roosevelt Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 2/10Faribault Middle SchoolGrades: 6-8Distance: 1.6 mi
- 4/10Faribault Senior High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$290,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$290,200
- Minnesota
- Rice County
- Faribault
- 55021
- 510 3rd St NW
Nearby cities
Nearby zip codes
Other Faribault Topics
