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    520 Ravine St Faribault, MN 55021

    Sponsored
    For Sale
    $450,000

    Historic Charm, Prime Location, Strong Rental Income

    Property size:
    4,781 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 5-unit apartment building presents a unique investment opportunity in the heart of historic Faribault, Minnesota. Situated on a 0.44-acre lot at 520 Ravine Street, this 4,781 square foot property boasts classic architectural details including original hardwood floors and elegant arched doorways, creating a warm and inviting atmosphere for residents. Its prime location offers convenient access to downtown amenities, the Minnesota Academy for the Deaf, and the prestigious Shattuck-St. Mary's School, ensuring high tenant demand. Each unit benefits from on-site laundry facilities, and off-street parking is provided. The property's layout is well-suited for an owner-occupant seeking both comfortable living and a reliable income stream. This versatile property offers a blend of historic character and modern convenience, making it an ideal addition to any investment portfolio or a perfect opportunity for a homeowner seeking rental income. The asking price is $450,000. This is a rare chance to acquire a piece of Faribault's rich history with significant future potential. The property's strong location and desirable features make it a compelling investment.

    Property Features for 520 Ravine St

    General Information

    Property type
    Residential income properties
    Square Feet
    4,781 SF
    Lot Size
    19,166 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Faribault
    County
    Rice
    State
    Minnesota
    Longitude
    -93.25971
    Latitude
    44.29493

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Residential income property - Historic Charm, Prime Location, Strong Rental Income
    Where is this residential income property located?
    The property is located at 520 Ravine St Faribault, MN.
    What is the asking price?
    The asking price for this property is $450,000.
    (320) 500-4397
    Request Owner's contact information
    520 Ravine St Faribault, MN 55021
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    520 Ravine St Faribault, MN 55021
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