This is a turn-key duplex with tenants under lease, and very little annual maintenance needed. Quiet neighborhood across the street from Bethlehem Academy. Lots of updates have been completed. Beautiful hardwood floors on main floor. Live in one and pay your mortgage with income from the other. This could also be easily converted back to a single family home.
Great opportunity for spacious home in awesome location! Set up as a duplex-could be a single family with minor alterations. Large corner lot, dbl garage, newer furnace, permanent siding, possible mother-in-law apt. TLC would make a great home!
Public Records
Nov 28, 2016
Sold
$148,000
NORTHSTARMLS as Distributed by MLS Grid #4621327
Aug 28, 2015
Sold
$70,000
Aug 10, 2015
Pending
—
Aug 5, 2015
Contingent
—
Jul 9, 2015
Listed
$87,900
+2
Great opportunity for spacious home in awesome location! Set up as a duplex-could be single family with minor alteration. Large corner lot, dbl garage, newer furnace, perm siding, possible mother-in-law apt. TLC would make a great home!
Year
Property tax
Land + Additions
Assessment*
2026
$3,492 (+6.1%)
$56,600 + $176,100
$232,700
2025
$3,292 (+12.5%)
$53,200 + $166,900
$220,100
2024
$2,926 (+5.9%)
$53,200 + $151,700
$204,900
2023
$2,762 (+8.5%)
$53,200 + $133,700
$186,900
2022
$2,546 (+16.0%)
$42,900 + $117,200
$160,100
2021
$2,194 (+4.8%)
$41,200 + $95,200
$136,400
2020
$2,094 (+7.1%)
$41,200 + $91,500
$132,700
2019
$1,956 (+7.2%)
$37,800 + $83,900
$121,700
2018
$1,824 (+20.8%)
$34,300 + $75,800
$110,100
2017
$1,510 (+37.0%)
$34,300 + $72,500
$106,800
2015
$1,102 (−2.5%)
2014
$1,130 (+9.5%)
2013
$1,032
Tax history for 204 3rd Ave SW
Year
Property tax
Land + Additions
Assessment*
2026
$3,492 (+6.1%)
$56,600 + $176,100
$232,700
2025
$3,292 (+12.5%)
$53,200 + $166,900
$220,100
2024
$2,926 (+5.9%)
$53,200 + $151,700
$204,900
2023
$2,762 (+8.5%)
$53,200 + $133,700
$186,900
2022
$2,546 (+16.0%)
$42,900 + $117,200
$160,100
2021
$2,194 (+4.8%)
$41,200 + $95,200
$136,400
2020
$2,094 (+7.1%)
$41,200 + $91,500
$132,700
2019
$1,956 (+7.2%)
$37,800 + $83,900
$121,700
2018
$1,824 (+20.8%)
$34,300 + $75,800
$110,100
2017
$1,510 (+37.0%)
$34,300 + $72,500
$106,800
2015
$1,102 (−2.5%)
2014
$1,130 (+9.5%)
2013
$1,032
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
3
Stories
2
Lot width
7 ft.
Lot depth
17 ft.
Lot size
0.25 Acres
Year renovated
1860
Sq. Ft.
1,599
Year built
1860
Style
Single Family Residential
County
Rice County
APN
1831301050
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
R-2
Low Density Residential District
The R-2, Low Density Residential District, is established to provide for an environment of predominantly low density residential uses, including detached and attached single family homes, duplexes, three- and four-unit multi-family dwellings, along with directly related, complementary uses. It is intended that where an R-s, Low Density Residential District directly abuts a zoning district of higher or lower density, a transition from existing uses to new uses be provided. Such transition may be accomplished by a continuation of similar uses to the extent possible given allowable uses within the district, landscape buffering as provided in Chapter 4, or both, as required by the City in conjunction with plan approval.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Fire house
Police station
Park & open space
Property details
Parking
Parking Information
Parking Features: Detached
Garage Spaces: 2
Garage Dimensions: 22x20
Garage Sq. Ft.: 440
Garage Door Height: 6
Garage Door Width: 8
Carport Spaces: 0
Interior
Basement Information
Has Basement
Basement Features: Full
Heating & Cooling
Heating Information: Forced Air
Exterior
Building Information
Construction Materials: Metal Siding, Wood Siding
Foundation Area: 738
Roof: Age 8 Years or Less, Asphalt
Exterior Features
Patio Porch Type: Enclosed,Front Porch
Property Information
Above Ground Total Sq. Ft.: 1,600
Below Ground Total Sq. Ft.: 738
FractionalOwnershipYN: No
Owner Occupied: No
Property Type: Residential Income
Property Sub Type: Duplex Up and Down
Above Grade Finished Area: 1,599
Range Num: Two
Lot Information
Lot Features: Corner Lot
Lot Size Area: 0.25
Lot Size Units: Acres
Lot Size Dimensions: 66x165
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Financial
Assessment Information
Other Annual Assessment Amount: $40
Tax Information
Tax Annual Amount: $2,886
Tax Year: 2024
Tax With Assessments: $2,926
Lease / Rent Details
Rental License Type: Standard
RentalLicense Y/N: Yes
Tenant Pays: Electricity, Trash Collection
Financial Information
Free and Clear
Utilities
Utility Information
Water Source: City Water - In Street
Sewer: City Sewer - In Street
Fuel: Natural Gas
Location
Multi-Family Financial Information
Owner Pays: Gas, Sewer
Fuel Expense: $1,800
Water Sewer Expense: $750
Insurance Expense: $1,800
Maintenance Expense: $1,000
Manager Expense: $3,075
Gross Income: $28,200
Multi-Unit Information
# of Units (Total): 2
Unit Type 1 Information
Sq. Ft.: 1,100
# of Rooms Total: 7
# of Bedrooms: 1
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range
Amenities: Main Floor Primary Bedroom, Porch
# of Units: 1
Unit Type 2 Information
Sq. Ft.: 620
# of Rooms Total: 6
# of Bedrooms: 2
# of Bathrooms: 1
# of Three Quarter Bathrooms: 1
Appliances: Range
# of Units: 1
School Information
High School District: Faribault
School District Number: 656
School District Phone: 507-333-6016
Location Information
Directions: Division Street West to 4th Ave SW. South to 2nd Ave. E to property on the right. 3rd Ave SW is currently under construction.
Map Coordinate: 999-A1
Public facts
Beds: 4
Baths: 3.0
Sq. Ft.: 1,599
Stories: 2.0
Lot Size: 0.25 acres
Style: Single Family Residential
Year Built: 1860
Year Renovated: 1860
County: Rice County
APN: 1831301050
Home facts updated by county records on Aug 10, 2026
Other
Home Information
Living Area: 1599
Main Level Finished Area: 1050.0000
Building Area Total: 2338
Foundation Dimensions: 16x46
Age Of Property: 165
Levels: One and One Half
Around this home
Schools
Roosevelt Elementary School
Public PreK-5 • Assigned • 1.3mi
7/10
Faribault Middle School
Public 6-8 • Assigned • 1.3mi
2/10
Faribault Senior High School
Public 9-12 • Assigned • 0.6mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 99° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Faribault, MN • 55021
Average low and high temperatures (°F)
23
7
31
14
49
28
58
38
71
49
79
61
82
65
78
61
77
56
66
45
44
31
30
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.2 hours in
June and 3.7 hours in December, which is comparable to the
U.S. average for solar exposure.
10.2 hrs
3.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$298,000 – $361,000
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