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$319,900

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 6 Total Beds
  • 1 Car Garage
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Excellent investment opportunity priced to meet the 1% rule and located in a highly convenient area. Just minutes from downtown Faribault with quick access to I-35 and Highway 60, this property offers both strong rental potential and long-term upside. The building features four units: two 2-bed/1-bath units and two 1-bed/1-bath units. Rents in Units 1, 3, and 4 are currently well below market, providing a great value-add opportunity for the next owner. The property showcases tall ceilings and plenty of character throughout. Additional amenities include ample on-site parking, a garage, and a storage shed.

Full Property Details for 416 8th St NW

General

  • Price: $319,900
  • Taxes: $3,806 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6825777
  • Updated: 12/20/2025
  • Added to Site: 38 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Parking

  • Garage: Yes
  • Garage Description: 12 x 21.5
  • Garage Spaces: 1

Location

  • County: Rice
  • Township: Faribault
  • Subdivision: Paquins 2nd Add
  • Driving Directions: Hwy 21 S, 7th St NW east to 4th Ave, North to 8th St NW.

School Information

  • School District: 2145 - Faribault
  • High School District: Faribault

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Basement Desc.: Partial
  • Foundation Size: 1380
  • Roof: Asphalt
  • Disability Access: None
  • Square Feet: 2,736
  • Above Ground: 2,736 Sq. Ft.
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.402
  • Lot Dimensions: 99 x 177

Financial Considerations

  • Tax Amount: $3,806
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA 203(k), Cash
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electricity, Gas
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: PAQUINS 2ND S12FT L3 & S12FT W2 L2 & ALL L8 & W2 L9 B10
  • Property ID: 1830375041

Listed by Premier Real Estate Services

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— 416 8th St NW —

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Schools serving 416 8th St NW

School District:Faribault Public School District
NameGradesDistance
Lincoln Elementary School, Faribault, MN
510 Lincoln Avenue Northwest, Faribault, MN 55021
K-50.6 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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 416 8th St NW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/10/2025
Listed
$319,900
21.63%
MLS
2/15/2024
Sold
$263,000
—
Public Record
Get Price Alerts and Save Property
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 416 8th St NW

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,806
11%
$284,300
18%
2024
$3,422
5%
$240,100
—
2023
$3,272
—
$240,100
12%
2021
$3,272
1%
$214,700
-2%
2023
$3,228
7%
$218,800
14%
2020
$3,012
6%
$192,100
8%
2019
$2,854
-18%
$178,600
6%
2018
$3,486
3%
$169,200
9%
2017
$3,382
-1%
$154,900
3%
2016
$3,400
—
$151,000
-3%
2015
$3,396
-8%
$155,900
—
2014
$3,690
2%
$156,000
—
2013
$3,632
—
$156,000
—
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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416 8th Street NW, Faribault, MN 55021 (MLS# 6825777) is a Multi-Family property with 4 units containing 6 bedrooms and 0 full bathrooms. 416 8th Street NW is currently listed for $319,900 and was received on December 10, 2025. Want to learn more about 416 8th Street NW? Do you have questions about finding other Multi-Family 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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