Rice County, MN Residential income properties for sale

Updated: May 16

Renovated Duplex with Heated Garage

4625 280th Street W, Northfield, MN 55057

$429,000

2,860 sqft 2.03 AC lot

2,860 SF duplex on 2.031 acres
Both units fully renovated three years ago
New kitchens and flooring in both residences
Front‑half windows replaced on both road‑facing units
Separate laundry, storage shed, and garage for each unit

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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

14 3rd St NW, Faribault, MN 55021

$1,095,000

3,300 sqft

Downtown asset combines upgraded apartments with a leased commercial component.

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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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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.

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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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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

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

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

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 62 Potential Opportunities for your consideration. Besides 10 Active listings in Rice County, MN, we suggest exploring several alternatives: similar 48 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

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

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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Hunting Land with Tower Blinds

36999 141st Lane, Montgomery, MN 56069

$850,000

199.93 AC lot

Woodland, wetlands, prairie, and open fields provide varied habitat for deer, turkey, pheasant, and other game.

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Acreage Lots in Rice Lake

23858 Hall Drive, Lakeville, MN 55044

$265,000

2.55 AC lot

Over 2.5 acre lots perfect for building your dream home.

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Acreage Lots in Rice Lake

23804 Hall Drive, Lakeville, MN 55044

$250,000

2.88 AC lot

Unit 152

Estimated value:

$430,000

860 sqft 2.57 AC lot

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APARTMENT HOUSE (5+ UNITS)

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

Estimated value:

$235,000

0.24 AC lot

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APARTMENT HOUSE (5+ UNITS)

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

Estimated value:

$385,000

1,380 sqft 0.33 AC lot

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