Search
Updated Duplex

815 2nd Ave Nw, Faribault, MN 55021

For Sale
$279,500

Two distinct residences with refreshed interiors provide flexible owner-occupant or rental use.

Property Size2,398 SF
Price / SF$116.56
Days on Market50

Property Features for 815 2nd Ave Nw

General Information

Standard status Active
Size 2,398 SF
Property subtype Residential Income

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,690
Listing Agency: eXp Realty
Listed By: Lacie Nelson
Source: Exprealty
Added: Sep 21 Changed: Oct 26 Last Checked: Nov 8 at 6:57AM

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 eXp Realty

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 2,398-square-foot duplex contains two separate living spaces, each benefiting from updates while retaining a comfortable residential character. The dual-unit configuration supports a range of ownership approaches, including occupying one residence while leasing the other or operating both as rental units.

Located at 815 2nd Ave Nw in Faribault, MN, the property combines distinct unit separation with flexible residential use. Its layout is suited to an owner-occupant seeking additional rental income or an investor pursuing a two-unit residential asset.

Key Highlights

  • 2,398 SF duplex
  • Two separate residential units
  • Updates throughout both units

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

750
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two distinct residences with refreshed interiors provide flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 815 2nd Ave Nw Faribault, MN.
What is the asking price?
The asking price for this property is $279,500.
What are key features of this property?
This property features: 2,398 SF duplex; Two separate residential units; Updates throughout both units
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved