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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.
| TRACT | Mcclellands 2nd Add | YEAR BUILT | 1890 |
|---|---|---|---|
| COUNTY | Rice | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | 656 - Faribault |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Range, Refrigerator |
| BASEMENT | Block, Full, Unfinished, Yes |
| CONSTRUCTION | Block, Metal Siding, Stone, Vinyl Siding |
| HEAT | Forced Air, Hot Water, Natural Gas |
| INTERIOR | Walk-In Closet(s) |
| LOT | 0.348 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 132 X 115 |
| PARKING | Gravel, Open |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Mcclellands 2nd Add |
| TAXES | 5150 |
| WATER | Public |
| ZONING | Residential-Multi-Family |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
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*Estimate only
Listed with Keller Williams Preferred Rlty
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. All real estate listings are marked with the Broker ReciprocitySM logo, and detailed information about them includes the name of the listing brokers.
Information deemed reliable but not guaranteed.
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