416 8th St NW

Faribault, MN 55021

$319,900
Price
6
Beds
4
Baths
2,736 Sq. Ft.
$117 / Sq. Ft.
2,736
Sq. Ft.
$117
per Sq. Ft.

Description

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...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.

Property Details for 416 8th Street Northwest

Subdivision Name
Paquins 2nd Add
LISTING UPDATED: 12/20/2025 07:34 AM

Property Details for 416 8th Street Northwest

StatusActive
MLS #6825777
Days on Compass10
Taxes$3,806 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1900
Lot Size0.40 AC / 17,511 SF
CountyRice County

Location

Listing Courtesy of Premier Real Estate Services
Add your commute

Building Information for 416 8th Street Northwest

Stories-Residences4Year Built1900Building Size-Lot Size0.40 AC / 17,511 SF

Payment Calculator

$1,898 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,581

Property Taxes

$317

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 416 8th Street Northwest

Summary
Location and General Information
  • City Name: Faribault
  • County Or Parish: Rice
  • County: Rice-MN
  • Directions: Hwy 21 S, 7th St NW east to 4th Ave, North to 8th St NW.
  • Latitude: 44.299555
  • Longitude: -93.275446
  • Map Coordinate: 999-A1
  • City and Location: Faribault
  • City and Location Text: Faribault(MN)
  • Postal Code: 55021
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 1830375041
  • Tax Annual Amount: $3,806.00
  • Tax Legal Description: PAQUINS 2ND S12FT L3 & S12FT W2 L2 & ALL L8 & W2 L9 B10
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 3806
School Information
  • High School District: 2145 - Faribault
  • School District Number: 2145
  • School District Phone: 5073336016
Property
Lot Information
  • Above Grade Fin SQFT: 2736.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 2736.0
  • Lot Size Area: 0.402
  • Lot Size Dimensions: 99x177
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • SQFT Main Total: 1380
  • Above Grade SqFt Total: 2736
  • Below Grade SqFt Total: 0
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1380.0
  • Fuel: Natural Gas
  • Roof: Asphalt
Interior Features
  • Basement Type: Partial
  • Bathrooms Total Count: 4
  • Bedrooms Total: 6
  • DP Resource: Yes
  • Garage Dimensions: 12x21.5
  • Garage Square Feet: 324
  • Heating: Forced Air
  • Levels: Two
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Appl: Range, Refrigerator
  • Unit Bath Full: 1
  • Unit Rooms Total: 6
  • Unit SqFt: 850
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Type Total Rent: 950
  • Unit Furnished: Unfurnished
Unit 2
  • Unit Bath Full: 1
  • Unit Rooms Total: 5
  • Unit SqFt: 840
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Unit Is Leased: N
  • Unit Type Total Rent: 950
  • Unit Furnished: Unfurnished
Unit 3
  • Unit Appl: Range, Refrigerator
  • Unit Bath 3Qtr: 1
  • Unit Rooms Total: 3
  • Unit SqFt: 550
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Type Total Rent: 595
  • Unit Furnished: Unfurnished
Unit 4
  • Unit Appl: Range, Refrigerator
  • Unit Bath 3Qtr: 1
  • Unit Rooms Total: 4
  • Unit SqFt: 500
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Type Total Rent: 618
  • Unit Furnished: Unfurnished

Property History for 416 8th Street Northwest

DateEvent & SourcePriceAppreciation
Dec 17, 2025

Price Change

NorthStar #6825777

$319,900—
Dec 17, 2025

Listed (Active)

NorthStar #6825777

—
Feb 15, 2024

Sold (Public Record)

Public Record #1527482003

$263,000

+13.2% / yr

Feb 15, 2024

Sold

NorthStar #6457800

$263,000—
Dec 14, 2023

Pending

NorthStar #6457800

—
Dec 5, 2023

In Contract

NorthStar #6457800

—
Nov 9, 2023

Listed (Active)

NorthStar #6457800

$315,000—
Mar 31, 2022

Sold (Public Record)

Public Record #1487018576

$208,452—
Mar 31, 2022

Sold

NorthStar #6148039

$208,450—
Feb 16, 2022

Pending

NorthStar #6148039

—
Feb 3, 2022

Listed (Active)

NorthStar #6148039

$216,000—
May 10, 2013

Sold

Lake Superior Area REALTORS #2001991

$80,000—
May 6, 2013

Pending

Lake Superior Area REALTORS #2001991

—
Feb 11, 2013

Listed (Active)

Lake Superior Area REALTORS #2001991

$91,800—
Jan 24, 2012

Off Market

Lake Superior Area REALTORS #1695028

$149,900—
Jan 25, 2011

Listed (Active)

Lake Superior Area REALTORS #1695028

$149,900—
DateEvent & SourcePrice
12/17/2025

Price Change

NorthStar #6825777

$319,900
12/17/2025

Listed (Active)

NorthStar #6825777

—
02/15/2024

Sold (Public Record)

Public Record #1527482003

$263,000

+13.2% / yr

02/15/2024

Sold

NorthStar #6457800

$263,000
12/14/2023

Pending

NorthStar #6457800

—
12/05/2023

In Contract

NorthStar #6457800

—
11/09/2023

Listed (Active)

NorthStar #6457800

$315,000
03/31/2022

Sold (Public Record)

Public Record #1487018576

$208,452
03/31/2022

Sold

NorthStar #6148039

$208,450
02/16/2022

Pending

NorthStar #6148039

—
02/03/2022

Listed (Active)

NorthStar #6148039

$216,000
05/10/2013

Sold

Lake Superior Area REALTORS #2001991

$80,000
05/06/2013

Pending

Lake Superior Area REALTORS #2001991

—
02/11/2013

Listed (Active)

Lake Superior Area REALTORS #2001991

$91,800
01/24/2012

Off Market

Lake Superior Area REALTORS #1695028

$149,900
01/25/2011

Listed (Active)

Lake Superior Area REALTORS #1695028

$149,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 416 8th Street Northwest

Taxable ValueLand$83,000Additions$201,300Total$284,300
Tax Record2025$3,806 ($317 / month)
Home Facts
Baths4Total Finished SqFt2,736 SqFtAbove Grade Finished SqFt2,736 SqFtStories2Lot Size17,523 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900CountyRICEAPN18.30.3.75.041

Schools near 416 8th Street Northwest

This home is within Faribault Public School District.
Rating
School
Type
Grades
Distance
Lincoln Elementary School
Public - K to 5
Faribault Middle School
Public - 6 to 8
Faribault Senior High School
Public - 9 to 12
Secondary Area Learning Center Summer
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Faribault Middle School
Public6 to 8

Faribault Senior High School
Public9 to 12

Secondary Area Learning Center Summer
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 416 8th Street Northwest, Faribault, MN 55021

416 8th Street Northwest is a multi-family home for sale in Faribault, MN 55021. This property was listed for sale on December 17, 2025 by Premier Real Estate Services, it's currently listed at $319,900. It has been on the market for a total of 10 days and was last sold on February 15, 2024. This listing's school district is Faribault Public School District. Nearby schools include Lincoln Elementary School, Faribault Middle School and Faribault Senior High School. 416 8th Street Northwest is a 6-bed, 4-bath, 2,736 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Premier Real Estate Services

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/23/2025 11:20 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.