Address
815 2nd Avenue Nw, Faribault, MN
Price
$ 284,500
Property Attributes
- ID#7143175
- TypeMulti-Family
- Listing Status Active
- CountyRICE
- CityFaribault
- AreaPaquins 2nd Add
- NeighborhoodPaquins 2nd Add
- Zip55021
- StyleDuplex Side by Side
- Year Built1900
- Taxes$ 3690
- Price$ 284,500
- Bedrooms5
- Full Bathrooms2
- Half Bathrooms2
- Sqr Footage2398
- Lot Size0.134 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description
Opportunity awaits! This well-maintained duplex offers a fantastic opportunity to step into homeownership while also enjoying the benefits of an income-producing property. Whether you’re looking to add to your investment portfolio or purchase your first property and offset your monthly expenses with rental income from the second unit, this one is worth a look. Both units feature nice updates throughout while maintaining a comfortable, welcoming feel. With two separate living spaces, this property offers flexibility for an owner-occupant or investor alike. Live in one unit and rent the other, or utilize both as rental opportunities—the choice is yours! If you’ve been looking for a smart way to get started in real estate ownership, this home offers an exciting combination of versatility, potential, and value. Schedule your showing and come see the possibilities this duplex has to offer!
| Price History | |
|---|---|
| 9/21/2026 | Listed $284,500 |
General Features
| Living Area | 2398 |
|---|---|
| Sewer | City Sewer/Connected |
| Heating | Forced Air |
| Roof | Age 8 Years or Less |
| Construction Materials | Frame |
| Year Built | 1900 |
| Levels | Two |
| Property Subtype | Duplex Side by Side |
| Tax Year | 2026 |
| Gross Income | 38400 |
| Accessibility | None |
| County | Rice |
| Net Operating Income | 28436 |
| Operating Expense | 9964 |
| Insurance Expense | 2198 |
| New Construction | No |
| Property Type | Residential Income |
| Association Amenities | Deck,Porch |
| Contingency | None |
| MaintenanceExpense | 1400 |
| Subdivision Name | Paquins 2nd Add |
| Directions | Hwy 21 S to 7th St,E to 2nd Ave NW,N to Property. |
| City | Faribault |
| High School District | Faribault |
| Zoning Description | Residential-Multi-Family |
| Number Of Units Total | 2 |
| Lot Size Units | Acres |
| Land Lease Y/N | No |
| Tax Annual Amount | 3690 |
| Electric Expense | 420 |
| Fuel Expense | 1800 |
| Trash Expense | 1296 |
| Water Sewer Expense | 550 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Lender Owned | No |
| PostalCity | Faribault |
Interior Features
| Basement | Unfinished |
|---|---|
| Basement (Y/N) | Yes |
| Above Grade Finished Area | 2398 |
| Laundry Features | In Basement |
| Total Bedrooms | 5 |
| Total Baths | 5 |
| Fuel | Natural Gas |
Exterior Features
| Fencing | Chain Link |
|---|---|
| Parking Features | Concrete |
| Water Source | City Water/Connected |
| Lot Size Area | 0.134 |
| Building Area Total | 3350 |
| Lot Dimensions | 66x89 |
| Waterfront Y/N | No |
| Foundation Area | 952 |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 55021
Price
Taxes
Year Built
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than eXp Realty in Minnesota are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (little black
house) and detailed information about them includes the name of the listing brokers.
