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Property view

516 College Street, 
Northfield, MN 55057

$200,000

6

Beds

4

Baths

2,054

Sq Ft

Single Family

Sold

Listed by

Robert Schanilec

Bought with Century 21 Atwood

Century 21 Atwood

507-663-1100

MLS#

6705300

Source:

NSMLS

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About This Home

516 College Street

This tri-plex built in 1875 offers an excellent investment opportunity in a coveted neighborhood just blocks from Carleton College. Situated on a desirable corner lot, this property with more than 2000 finished square feet spans 1.5 stories and features 6 bedrooms and 4 bathrooms, providing accommodations for 6 tenants. The property is fully occupied with each renter paying $500 monthly. The current lease expires mid-June. There is a partial basement with laundry facilities. The property's prime location in one of the area's most sought-after neighborhoods make it ideal for investors seeking a turnkey rental property with established income.

Home Facts

Single Family

4 Baths

6 Bedrooms

Built in 1875

Price Summary

230,000

$111 per Sq. Ft.

MLS #:

6705300

Sold:

May 16, 2025

Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

3

Interior

Living Area:

2,054 Sq. Ft.

Structure

Structure

Building Area:

2,736 Sq. Ft.

Year Built:

1875

Lot

Lot Size (Sq. Ft):

7,405

Finances & Disclosures

Finances

Price:

$230,000

Price per Sq. Ft:

$111 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.