Movoto Real Estate
Search
About Home value Property history Market statistics Schools Neighborhood Places of interest
Sold on 03/27/2026
  • Exterior
  • Other
  • Kitchen
  • Bedroom
  • Living
  • Bath

416 8th St NW, Faribault, MN 55021

  • $250,000

    Last sold 03/27/2026 after 99 Days

  • 6

    bed

  • 4

    bath

  • 2,736

    Sqft ($91/Sqft)

Multi-family not for sale
Movoto is helping 7 homebuyers near you

About 416 8th St NW

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 0.4 Acre
Movoto estimate
Parking 1 garage spaces
Property 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 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.
Listed by
Listing Agent - Thomas Schiffler
Listing Office - Premier Real Estate Services
Source: Northstar MLS mls logo
MLS#6825777 • last updated 1 month ago
Movoto checked Northstar MLS for data 6 minutes ago
Overview
Heating Forced Air
Levels/Style Two
MLS # 6825777
Type Residential Income
SubType Fourplex
Property Tax 3806
Tax Assessment 3806
Foreclosure (Y/N) No
Short Sale (Y/N) No
Interior
Total # of Bathrooms 4
# Bedrooms 6
Accessibility Features None
Exterior
# Garage Spaces 1
Amenities / Utilities
Water Source City Water/Connected
Location
County Rice
Subdivision Paquins 2nd Add
High School District Faribault
APN 1830375041
Multifamily Details
Tenant Pays Electricity, Gas
Owner Pays Sewer, Trash Collection, Water
Total # of Units 4
Annual Gross Income 37800
Net Operating Income 26583
Lot/ Land Details
Present Use Yearly
$237K
Range: $214K-$261K
Last 30 days 
  • May 2026
    mls logo MLS # 6825777
  • May 5, 2026 Sold
    $250,000 (-3.8%)
  • Mar 28, 2026 Pending
    —
  • Mar 24, 2026 Price Change
    $259,900 (-18.8%)
  • Dec 17, 2025 Listed
    $319,900 (+21.6%)
  • Feb 2024
    mls logo MLS # 6457800
  • Feb 16, 2024 Sold
    $263,000 (-16.5%)
  • Dec 14, 2023 Pending
    —
  • Nov 9, 2023 Listed
    $315,000 (+51.1%)
  • Mar 2022
    mls logo MLS # 6148039
  • Mar 31, 2022 Sold
    $208,450 (-3.5%)
  • Feb 16, 2022 Pending
    —
  • Feb 3, 2022 Listed
    $216,000
  • 416 8th St NW
    $250K
  • Paquins 2nd Add
    —
  • 55021
    $349K -5% y/y
  • Faribault
    $349K -5% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
6/10
Lincoln Elementary School
public Grades K-5
Faribault Public School District
2/10
Faribault Middle School
public Grades 6-8
Faribault Public School District
4/10
Faribault Senior High School
public Grades 9-12
Faribault Public School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Paquins 2nd Add

Explore everything this neighborhood has to offer.
View homes for sale in 55021, MN
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Faribault, MN

Nearby homes for sale in Faribault, MN

Newest listings in 55021

  • Real Estate
  • MN
  • Rice County
  • Faribault
  • 55021
  • 416 8th St NW
Meet with a real estate agent today (844) 430-0869
  • Movoto Logo
  • Download IOS APP Download Android APP
The multiple listing information is provided by Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information 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. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northstar MLS. Real estate listings are marked with the Broker Reciprocity logo. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. Information Deemed Reliable But Not Guaranteed.
©2026 Northstar MLS. All rights reserved. By searching you agree to the end user license agreement.

Digital Millennium Copyright Act (DMCA) Notice The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to Michael Bisping, Director, Customer Relations, Regional Multiple Listing Service of Minnesota, Inc, 2550 University Avenue West, Suite 259S Saint Paul, MN 55114 or by email to mbisping@northstarmls.com Questions can be directed by phone to 651-251-3200. The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.