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815 2nd Ave NW, Faribault, MN 55021

$279,500
•
  • 5

    bed

  • 4

    bath

  • 2,398

    Sqft ($117/Sqft)

Multi-family for sale 35 days
$5K price drop
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About 815 2nd Ave NW

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 5,837 Sqft
Movoto estimate
Property description
Opportunity awaits! This well-maintained duplex offers a fantastic opportunity to step into homeownership while also enjoying the benefits of an income-producing property. Whether you’re looking to add to your investment portfolio or purchase your first property and offset your monthly expenses with rental income from the second unit, this one is worth a look. Both units feature nice updates throughout while maintaining a comfortable, welcoming feel. With two separate living spaces, this property offers flexibility for an owner-occupant or investor alike. Live in one unit and rent the other, or utilize both as rental opportunities—the choice is yours! If you’ve been looking for a smart way to get started in real estate ownership, this home offers an exciting combination of versatility, potential, and value. Schedule your showing and come see the possibilities this duplex has to offer!
Listed by
Listing Agent - Lacie Nelson
Listing Office - Exp Realty, LLC.
Source: Northstar MLS mls logo
MLS#7143175 • last updated 4 days ago
Movoto checked Northstar MLS for data 7 minutes ago
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Overview
Heating Forced Air
Levels/Style Two
MLS # 7143175
Type Residential Income
SubType Duplex Side By Side
Property Tax 3690
Tax Assessment 3690
Foreclosure (Y/N) No
Short Sale (Y/N) No
Interior
Total # of Bathrooms 4
# Bedrooms 5
Laundry In Basement
Accessibility Features None
Exterior
Construction Frame
Parking Desc Concrete
Fencing Chain Link
Amenities / Utilities
Water Source City Water/Connected
HOA Amenities Deck, Porch
Location
County Rice
Subdivision Paquins 2nd Add
High School District Faribault
APN 1830450040
Zoning Residential-Multi-Family
Multifamily Details
Total # of Units 2
Annual Gross Income 38400
Expense: Trash 1296
Operating Expense 9964
Expense: Manager 1400
Expense: Insurance 2198
Expense: Maintenance 1400
Expense: Water/ Sewer 550
Expense: Electricity 420
Expense: Fuel 1800
Expense: Other 500
Net Operating Income 28436
Lot/ Land Details
Present Use Yearly
Road Responsibility Public Maintained Road
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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

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53/100
Walk
78/100
Family
19/100
Dining
70/100
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  • Real Estate
  • MN
  • Rice County
  • Faribault
  • 55021
  • 815 2nd Ave NW

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