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    Faribault, MN
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    Faribault, MN Residential Income Properties for Sale

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    Renovated 9-Unit Mixed-Use Property
    Updated: Aug 31
    Renovated 9-Unit Mixed-Use Property

    14 3rd Street NW, Faribault, MN 55021

    $1,095,000
    0.08 AC lot
    9‑unit configuration with eight apartments and one commercial space
    Eight residential units renovated with updated kitchens, bathrooms, flooring, and finishes
    Commercial space leased through December 2030
    Eight apartments currently vacant for residential lease‑up
    Newer roof with transferable warranty and new fire panel
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    Renovated Mixed-Use Property
    Updated: Sep 5
    Renovated Mixed-Use Property

    14 3rd St NW, Faribault, MN 55021

    $1,095,000
    3,300 sqft
    9‑unit mixed‑use property with 8 renovated apartments and 1 commercial space
    Renovated kitchens, bathrooms, flooring, finishes, and electric baseboard heat in the apartments
    Commercial space leased through December 2030
    Newer roof with transferable warranty and new fire panel
    Eight residential units are vacant for lease‑up
    View details
    Duplex with Fenced Yard
    Duplex with Fenced Yard

    3 6th Ave NW, Faribault, MN 55021

    $290,000
    2,172 sqft

    Upper and lower residences each include three bedrooms, one bathroom, a kitchen, dining room, and living room.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Historic Corner Mixed-Use Building
    Historic Corner Mixed-Use Building

    329 Central Ave N, Faribault, MN 55021

    $279,000

    Main-floor commercial space is paired with an upper level previously configured as two apartments.

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    Mixed-Use Commercial Building
    Mixed-Use Commercial Building

    508 Central Ave N, Faribault, MN 55021

    $369,000

    Vacant main level retail space with a fully leased apartment above in a downtown Central Business District zone.

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    Seven-Unit Apartment Residence
    Seven-Unit Apartment Residence

    226 7th St Nw, Faribault, MN 55021

    $525,000

    Historic seven-unit apartment property with classic hardwood floors, open-frame porch, basement, and gravel driveway parking.

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    Renovated Mixed-Use Building
    Renovated Mixed-Use Building

    213 Central Ave N, Faribault, MN 55021

    $409,000

    Commercial space and two furnished apartments are supported by a full basement with garage access.

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    Based on your search, we've compiled 53 Potential Opportunities for your consideration. Besides 7 Active listings in Faribault, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 38 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Duplex With Detached Garages
    Duplex With Detached Garages

    144 E Rose Street, Owatonna, MN 55060

    $229,900
    1,710 sqft 0.14 AC lot

    An upper-level apartment supports separate rental or multigenerational living arrangements.

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    Acreage Duplex with Dual Kitchens
    Acreage Duplex with Dual Kitchens

    5191 280th St W, Northfield, MN 55057

    $449,900
    2,130 sqft

    Two separate living areas include private laundry facilities and screened porches at both the front and rear.

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    Duplex With Detached Garage
    Duplex With Detached Garage

    144 E Rose Street, Owatonna, MN 55060

    $229,900
    1,710 sqft

    Two-level residential income property with an additional apartment, fenced outdoor space, and multiple garage structures.

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    Renovated Duplex with Garages
    Renovated Duplex with Garages

    4625 280th St W, Northfield, MN 55057

    $429,000
    2,860 sqft

    Each unit includes separate laundry, a storage shed, and a garage.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Custom Estate Home Site Land
    Custom Estate Home Site Land

    Prior Lake, MN 55372

    $350,000
    2.52 AC lot

    2.52-acre homesite with mature trees and privacy, suited for building a fully custom residence.

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    Residential Land in Owatonna, MN
    Residential Land in Owatonna, MN

    Breckenridge Place NW, Owatonna, MN 55060

    $35,000
    0.58 AC lot

    Wooded lot for building a dream home with highway access.

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    Land For Sale
    Land For Sale

    2195 NE Maple Leaf Lane, Owatonna, MN 55060

    $84,000
    14,374 sqft

    Land available for purchase.

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    Expansive Residential Parcel in Waterville
    Expansive Residential Parcel in Waterville

    Open Lot Browers Street E, Waterville, MN 56096

    $52,500
    0.74 AC lot

    Three lots combined into one expansive parcel for future use.

    View details

    Off-Market Properties in Faribault, MN

    Consider similar Off-Market properties in Faribault, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Faribault, MN 55021
    APARTMENT HOUSE (5+ UNITS)

    Faribault, MN 55021

    Estimated value:
    $255,000
    0.99 AC lot
    View details
    Faribault, MN 55021
    MOBILE HOME PARK, TRAILER PARK

    Faribault, MN 55021

    Estimated value:
    $255,000
    0.15 AC lot
    View details
    415 Western SW Ave
    MOBILE HOME PARK, TRAILER PARK

    415 Western SW Ave, Faribault, MN 55021-5643

    Estimated value:
    $7,380,000
    2,040 sqft 32.70 AC lot
    View details
    Faribault, MN 55021
    APARTMENT HOUSE (5+ UNITS)

    Faribault, MN 55021

    Estimated value:
    $7,945,000
    1.00 AC lot
    View details
    41 Brand Ave
    APARTMENT HOUSE (5+ UNITS)

    41 Brand Ave, Faribault, MN 55021-6458

    Estimated value:
    $520,000
    14,874 sqft 2.10 AC lot
    View details
    1415 Pr SW Ave
    APARTMENT HOUSE (5+ UNITS)

    1415 Pr SW Ave, Faribault, MN 55021-6797

    Estimated value:
    $240,000
    1.00 AC lot
    View details
    1920 2nd NW St
    MOBILE HOME PARK, TRAILER PARK

    1920 2nd NW St, Faribault, MN 55021-4817

    Estimated value:
    $280,000
    2,000 sqft 9.40 AC lot
    View details
    2500 14th NE St, Unit 152
    APARTMENT HOUSE (5+ UNITS)

    2500 14th NE St, Faribault, MN 55021-2515

    Unit 152
    Estimated value:
    $430,000
    860 sqft 2.57 AC lot
    View details
    615 2nd NW Ave
    APARTMENT HOUSE (5+ UNITS)

    615 2nd NW Ave, Faribault, MN 55021-4211

    Estimated value:
    $235,000
    0.24 AC lot
    View details
    607 2nd NW Ave
    APARTMENT HOUSE (5+ UNITS)

    607 2nd NW Ave, Faribault, MN 55021-4211

    Estimated value:
    $385,000
    1,380 sqft 0.33 AC lot
    View details
    Faribault, MN 55021
    APARTMENT HOUSE (5+ UNITS)

    Faribault, MN 55021

    Estimated value:
    $265,000
    2.06 AC lot
    View details
    1520 17th NW St
    APARTMENT HOUSE (5+ UNITS)

    1520 17th NW St, Faribault, MN 55021-2817

    Estimated value:
    $420,000
    29,204 sqft 3.50 AC lot
    View details
    935 Spg Rd
    APARTMENT HOUSE (5+ UNITS)

    935 Spg Rd, Faribault, MN 55021-6975

    Estimated value:
    $355,000
    9,216 sqft 1.40 AC lot
    View details
    520 Ravine St
    Residential income properties

    520 Ravine St, Faribault, MN 55021

    Estimated value:
    by Request
    4,781 sqft 0.44 AC lot
    View details
    1760 Willow St
    APARTMENT HOUSE (5+ UNITS)

    1760 Willow St, Faribault, MN 55021-6279

    Estimated value:
    $250,000
    3.60 AC lot
    View details
    1750 Willow St
    APARTMENT HOUSE (5+ UNITS)

    1750 Willow St, Faribault, MN 55021-6279

    Estimated value:
    $275,000
    2.20 AC lot
    View details
    1155 Willow St
    MOBILE HOME PARK, TRAILER PARK

    1155 Willow St, Faribault, MN 55021-7010

    Estimated value:
    $270,000
    432 sqft 12.80 AC lot
    View details

    Faribault, MN Residential Income Properties Market Trends and Statistics

    Explore 45 residential income properties for sale in Faribault, MN, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 5,472 square feet of properties for sale, with an estimated market value of $4,062,000.

    Sale prices for residential income properties in Faribault, MN start at $279,000, averaging $580,285, and reaching up to $1,095,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 6
    Apartment buildings 3
    Duplexes 2
    Short term rental properties 1

    Demographics Overview

    Population 31K
    Population Growth (5Y) +2.8%
    Median Household Income $70,296
    College Educated 26.6%

    High-Yield Neighborhoods for Investment

    Identify Faribault submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55021 $374.4K

    Taxes & Financing

    Tax Rate (average for all types) 2.31%
    Property Tax per SF $36.07 per SF
    Tax Rate vs County Average 0.12 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Rice County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Faribault fall within the 100,000+ square foot range.

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