Faribault MN Multi Family for Sale

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Type:
Triplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
1 Acres
Year built:
1928
Baths:
MLS#:
6603545
Subdivision:
Coopers Add

ADDITIONAL INFORMATION

An incredible investment opportunity is knocking at your door! This well-maintained triplex is brimming with potential and charm. Step into the upstairs unit, where you'll find a fresh coat of paint, sleek new drywall and trim, updated plumbing, and contemporary fixtures. It's a space that feels both fresh and inviting. The basement unit shines with its recent paint job, updated trim, and plush new carpeting—creating a cozy retreat with modern appeal. The main floor unit, now enjoying its 13th year on a reliable long-term lease, is newly painted and offers exciting potential for conversion into a second bedroom. Recent enhancements throughout the property include beautifully improved landscaping, brand-new gutters, and a well-maintained furnace and AC system. The windows and siding are just four years old, ensuring durability and energy efficiency. Don’t miss your chance to own this versatile gem, poised to deliver exceptional returns!

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Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


Xome Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Xome Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Open House information is subject to change without notice. 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. are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers. Copyright 2024, Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.




Faribault Real Estate

The median home value in Faribault, MN is $349,000. This is higher than the county median home value of $222,300. The national median home value is $219,700. The average price of homes sold in Faribault, MN is $349,000. Approximately 61.52% of Faribault homes are owned, compared to 32.73% rented, while 5.76% are vacant. Faribault real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Faribault real estate agent to arrange a tour today!

Faribault, Minnesota has a population of 23,577. Faribault is less family-centric than the surrounding county with 27.9% of the households containing married families with children. The county average for households married with children is 31.31%.

The median household income in Faribault, Minnesota is $50,147. The median household income for the surrounding county is $63,311 compared to the national median of $57,652. The median age of people living in Faribault is 37.1 years.

Faribault Weather

The average high temperature in July is 82.3 degrees, with an average low temperature in January of 4.1 degrees. The average rainfall is approximately 33 inches per year, with 42.6 inches of snow per year.

Faribault Real Estate Market Conditions

  • Median sales price

    $349,000
    4.62% change since last quarter
  • # Active listings

    109
    30-day change

Faribault Schools and Demographics

Education near Faribault, MN

Metric City County
High School Graduates 83.28 90.42
College Degree - 2 year 10.74 11.59
College Degree - 4 year 16.6 26.75
Graduate Degree 3.88 6.88
Expenditures per Student 12,212 12,148
Students per Teacher 15.4 12

Elementary Schools near Faribault, MN

School Grades Students P/T Ratio ZIP
Cannon River Stem School KG - 08 294 12.7 55021
Jefferson Elementary School KG - 05 530 12.3 55021
Lincoln Elementary School KG - 05 512 12.2 55021
Lonsdale Pre K-4 PK - 04 249 15 55046
Medford Elementary School PK - 06 478 15.3 55049
Nerstrand Charter School KG - 05 152 18.3 55053
Roosevelt Elementary School KG - 05 510 13 55021

Middle Schools near Faribault, MN

School Grades Students P/T Ratio ZIP
Faribault Middle School 06 - 08 856 15.6 55021
Morristown Elementary School 05 - 06 122 14 55052
Waterville-Elysian-Morristown Junior School 07 - 08 114 10.7 55052

High Schools near Faribault, MN

School Grades Students P/T Ratio ZIP
Faribault Senior High School 09 - 12 1,222 21.6 55021
Medford Secondary School 07 - 12 375 15.5 55049

Ungraded Schools near Faribault, MN

School Grades Students P/T Ratio ZIP
* Faribault Area Learning Center 09 - 12 116 15.4 55021
* Secondary Area Learning Cntr. Summer 09 - 12 0 55021
Cannon River Education Center S.U.N KG - 12 10 4.6 55021
Discovery Public School Faribault 06 - 12 55 8.2 55021
Early Childhood Family Education PK - PK 0 55021
Early Childhood Special Education PK - PK 89 6.8 55021
Focus 04 - 12 13 3.1 55021
MN Academy for the Blind PK - 12 47 3.4 55021
MN Academy for the Deaf PK - 12 126 5.3 55021
Reflections KG - 12 10 4.6 55021

Demographics near Faribault, MN

Metric City County
Neighborhood Type Small Town
Population 23,577 65,251
Population Density 1,554 132
Median Age 37.1 36.6
People per Household 2.5 2.5
Median Household Income 50,147 63,311
Average Income per Capita 23,111 28,603