Seven-Unit Apartment
For Sale
$525,000
226 7th St Nw, Faribault, MN 55021
Historic seven-unit apartment property with classic hardwood floors, open-frame porch, basement, and gravel driveway parking.
Property SizeContact for details
Days on Market178
Property Features for 226 7th St Nw
General Information
Standard status
Active
Additional Details
Highway Access
Yes
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$5,150
Building Details
Tenancy
Multi
Listing Agency:
Keller Williams Preferred Rlty
Listed By:
The Huerkamp Home Group
(952) 746-9696
Source:
Exprealty
Added: May 1
Changed: Oct 3
Last Checked: Oct 24 at 9:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Preferred Rlty
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This stately 1890s multi-family residence is configured as a seven-unit property and retains classic interior character, including hardwood floors and distinctive architectural details. The building also offers a large open-frame porch, a spacious basement for storage or maintenance, and a gravel driveway providing on-site parking.
Set on a corner lot, the property is described as being in the heart of Faribault with nearby local amenities and easy highway access. The exterior includes a solid stone foundation.
For utilities, the building is set up with common heating and separate electric service for each unit, supporting practical unit-level management. The property includes assessments reflecting increasing value, and the condition and features position it for continued updates and enhancement.
Set on a corner lot, the property is described as being in the heart of Faribault with nearby local amenities and easy highway access. The exterior includes a solid stone foundation.
For utilities, the building is set up with common heating and separate electric service for each unit, supporting practical unit-level management. The property includes assessments reflecting increasing value, and the condition and features position it for continued updates and enhancement.
Key Highlights
- Historic 7‑unit multi‑family property configured as a unique seven‑unit building
- Classic hardwood floors and distinctive architectural details throughout
- Large open‑frame porch and corner lot setting
Property Analytics
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Lease Details
7
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
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Business Placement
Demographics for 55021, MN
30,636
Population
12,421
Households
2.5
Avg Household Size
40
Median Age
20%
College-Educated
90%
High-School Grad
177.0 sq mi
ZIP Area
173
Density / Sq Mi
$70,296
Median Household Income
$39,914
Median Earnings
$1,044
Median Rent
$267,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Historic seven-unit apartment property with classic hardwood floors, open-frame porch, basement, and gravel driveway parking.
Where is this apartment building located?
The property is located at 226 7th St Nw Faribault, MN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Historic 7‑unit multi‑family property configured as a unique seven‑unit building; Classic hardwood floors and distinctive architectural details throughout; Large open‑frame porch and corner lot setting
