416 8th St NW

4
Baths
2,736 Sq. Ft.
$95 / Sq. Ft.
2,736
Sq. Ft.
$95
per Sq. Ft.

Description

Excellent investment opportunity priced to meet the 1% rule in a highly convenient location just minutes from downtown Faribault, with quick access to I-35 and Highway 60. This property is now a fixer-upper with strong value-add potential. The building features four units: two 2-bed/1-bath units and two 1-bed/1-bath units, with only 2 units currently rented. Rents are below market, offering significant upside for a new owner willing to renovate and stabilize the property. With tall ceilings and plenty...Excellent investment opportunity priced to meet the 1% rule in a highly convenient location just minutes from downtown Faribault, with quick access to I-35 and Highway 60. This property is now a fixer-upper with strong value-add potential. The building features four units: two 2-bed/1-bath units and two 1-bed/1-bath units, with only 2 units currently rented. Rents are below market, offering significant upside for a new owner willing to renovate and stabilize the property. With tall ceilings and plenty of character throughout, this property has great bones and long-term potential. Additional amenities include ample on-site parking, a garage, and a storage shed. The price has been discounted to reflect the condition, giving the next owner an excellent opportunity to create instant equity through improvements and increased rental income.
  1. Listed by Premier Real Estate Services

Property Details for 416 8th Street Northwest

Subdivision Name
Paquins 2nd Add
LISTING UPDATED: 03/27/2026 10:44 PM

Property Details for 416 8th Street Northwest

StatusPending
MLS #6825777
Days on Compass107
Taxes$3,806 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1900
Lot Size0.40 AC / 17,511 SF
CountyRice County

Location

Listing Courtesy of Premier Real Estate Services
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Building Information for 416 8th Street Northwest

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

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Principal and Interest

$1,309

Property Taxes

$317

HOA Dues

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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: Fourplex
  • Property Type: Residential Income
  • SQFT Main Total: 1380
  • Building Area Total: 2736.0
  • 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
Mar 27, 2026

Pending

NorthStar #6825777

—
Mar 23, 2026

Price Change

NorthStar #6825777

$259,900—
Dec 17, 2025

Price Change

NorthStar #6825777

$319,900—
DateEvent & SourcePrice
03/27/2026

Pending

NorthStar #6825777

—
03/23/2026

Price Change

NorthStar #6825777

$259,900
12/17/2025

Price Change

NorthStar #6825777

$319,900

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
Public - K to 5
Public - 6 to 8
Public - 9 to 12
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

Falcons Online Academy-HS
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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Listing Courtesy of Premier Real Estate Services

Based on information submitted to the MLS GRID as of 03/27/2026 10:44 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.