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416 8th Street Nw, 
Faribault, MN 55021

$319,900

6

Beds

4

Baths

2,736

Sq Ft

Multi-Family

Active

Listed by

Thomas Schiffler

Premier Real Estate Services

320-259-4554

Last updated:

December 20, 2025, 02:43 PM

MLS#

6825777

Source:

NSMLS

About This Home

416 8th Street Nw

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.

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Built in 1900

Price Summary

319,900

$116 per Sq. Ft.

MLS #:

6825777

Last Updated:

December 20, 2025, 02:43 PM

Added:

22 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Interior

Living Area:

2,736 Sq. Ft.

Structure

Structure

Building Area:

2,736 Sq. Ft.

Year Built:

1900

Lot

Lot Size (Sq. Ft):

17,511

Finances & Disclosures

Finances

Price:

$319,900

Price per Sq. Ft:

$116 per Sq. Ft.

Source:NSMLS
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is 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.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.