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$525,000

  • For Sale
  • Active
  • Commercial
  • 6,427 Sq. Ft.
  • 0.348 Acres
See This Home
Save This Home
See This Home
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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.

Full Property Details for 226 7th St NW

General

  • Price: $525,000
  • Taxes: $5,150 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7061689
  • Updated: 5/6/2026
  • Added to Site: 119 day(s) ago

Interior

  • Appliances: Range, Refrigerator
  • Flooring: Wood

Rooms

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Amenities: Hardwood Floors, Porch, Walk-In Closet

Exterior

  • Porch/Patio/Deck: Porch

Parking

  • Parking Features: Gravel, Open

Location

  • County: Rice
  • Township: Faribault
  • Subdivision: Mcclellands 2nd Add
  • Driving Directions: Hwy 21 to 7th St East.

School Information

  • School District: 656 - Faribault
  • High School District: Faribault

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air, Hot Water
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Common

Structural Information

  • Exterior Const.: Block
  • Basement: Yes
  • Basement Desc.: Block, Full, Unfinished
  • Foundation Size: 1800
  • Roof: Pitched
  • Disability Access: None
  • Square Feet: 6,427
  • Finished Down/Base.: 6,427 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1890

Lot Features

  • Lot Size (Acres): 0.348
  • Lot Dimensions: 132 x 115
  • Frontage: City Street, Curbs, Paved Streets
  • Potential Use: Other
  • Zoning: Residential-Multi-Family
  • Lot Description: Corner Lot, Light Tree Coverage

Financial Considerations

  • Operating Expenses: $9,360
  • Tax Amount: $5,150
  • Tax Year: 2026
  • Owner Pays: Exterior Maintenance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Water
  • Tenant Pays: Electricity
  • Pays Electric: Tenant Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: PAQUINS S1 15FT L6 & L7 B10
  • Inclusions: Building, Leases
  • Property ID: 1830451085

Listed by Keller Williams Preferred Rlty

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— 226 7th St NW —

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 226 7th St NW

School District:Faribault Public School District
NameGradesDistance
Lincoln Elementary School, Faribault, MN
510 Lincoln Avenue Northwest, Faribault, MN 55021
K-50.8 mi
Faribault Middle School
704 17th Street Southwest, Faribault, MN 55021
6-82 mi
Faribault Senior High School
330 9th Avenue Southwest, Faribault, MN 55021
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 226 7th St NW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/01/2026
Listed
$525,000
238.71%
MLS
12/20/2016
Sold
$155,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 226 7th St NW

Year
Property Taxes
Change
Tax Assessment
Change
2026
$5,390
—
$362,500
4%
2026
$5,390
26%
$349,100
19%
2024
$4,290
12%
$293,100
—
2023
$3,838
—
$293,100
17%
2021
$3,838
-6%
$249,900
-7%
2023
$4,094
14%
$270,000
22%
2020
$3,576
1%
$220,800
3%
2019
$3,530
-2%
$213,900
1%
2018
$3,590
-3%
$211,700
—
2017
$3,712
-16%
$211,700
-15%
2016
$4,396
1%
$248,200
1%
2015
$4,344
-8%
$245,700
—
2014
$4,720
5%
$245,700
—
2013
$4,474
—
$245,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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226 7th Street NW, Faribault, MN 55021 (MLS# 7061689) is a Commercial property. 226 7th Street NW is currently listed for $525,000 and was received on May 01, 2026. Want to learn more about 226 7th Street NW? Do you have questions about finding other Commercial real estate for sale in Faribault? You can browse all Faribault real estate or contact a Coldwell Banker agent to request more information.

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