7-Unit Apartment Building with
For Sale
$525,000
226 7th Street NW, Faribault, MN 55021
Commercial Sale, Faribault, MN
Property SizeContact for details
Lot Size0.35 Acres
Days on Market164
Property Features for 226 7th Street NW
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Residential-Multi-Family
Bedrooms
6
Rooms
Bedroom 3, Bedroom 6, Bedroom 4, Basement, Bedroom 1, Bedroom 5, Bedroom 2
Parking features
Driveway, Covered
Patio and Porch features
Porch
Appliances
Range, Refrigerator
Subdivision
Mcclellands 2nd Add
Lot features
Corner Lot, Tree Coverage - Light
High school district
Faribault
Directions
Hwy 21 to 7th St East.
Standard status
Active
APN
1830451085
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5150
Utilities
Heating system
Forced Air, Hot Water(Heating)
Building Details
Year built
1890
Building materials
Block
Listing Agency:
Keller Williams Preferred Rlty · Keller Williams Realty
(952) 746-9696
Listed By:
The Huerkamp Home Group
(651) 724-4849
Added: May 1
Changed: Oct 8
Last Checked: Oct 11 at 1:06PM
MLS# 7061689
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1890, this seven-unit apartment property includes hardwood floors, architectural detailing, and a large open-frame porch. A basement provides additional storage space, and driveway parking serves the building. The property occupies a 0.348-acre corner lot in Faribault.
Heating is shared, while each unit has separate electric service. The building has a stone foundation and block construction materials.
Heating is shared, while each unit has separate electric service. The building has a stone foundation and block construction materials.
Key Highlights
- Seven apartment units
- Built in 1890
- 0.348‑acre corner lot
Property Analytics
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Current Use
Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has separate electric service, alongside a shared heating system.
Where is this apartment building located?
The property is located at 226 7th Street 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: Seven apartment units; Built in 1890; 0.348‑acre corner lot
