OFF MARKET

Off market oct 2024 for $315K

$363,077

Est. refi paymentEst. refi $2,042/mo

•

—

sq ft

504 3rd St NE, Faribault, MN 55021

About this home

An incredible investment opportunity is knocking at your door! This well-maintained triplex is brimming with potential and charm. Step into the upstairs unit, where you'll find a fresh coat of paint, sleek new drywall and trim, updated plumbing, and contemporary fixtures. It's a space that feels both fresh and inviting. The basement unit shines with its recent paint job, updated trim, and plush new carpeting—creating a cozy retreat with modern appeal. The main floor unit, now enjoying its 13th year on a reliable long-term lease, is newly painted and offers exciting potential for conversion into a second bedroom. Recent enhancements throughout the property include beautifully improved landscaping, brand-new gutters, and a well-maintained furnace and AC system. The windows and siding are just four years old, ensuring durability and energy efficiency. Don’t miss your chance to own this versatile gem, poised to deliver exceptional returns!

Multi-familyProperty Type

1928Year Built

0.53 acresLot Size

1 spaceParking

Listed by Lacie Nelson • eXp Realty

Listed by Morgan Almendinger

Redfin checked: 2 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #6603545

Redfin Estimate

$363,077

$48K since sold in October 2024$2,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 17.6% higher than the average sale price ($309K) of 6 comparable homes.

SOLD JUN 12, 2026
$305,000
A
3 beds2 baths— sq ft
112 2nd Ave NW, Faribault, MN 55021
SOLD MAY 22, 2026
$333,000
B
4 beds3 baths— sq ft
501 Seabury Ln, Faribault, MN 55021
SOLD DEC 22, 2025
$310,000
C
3 beds3 baths— sq ft
511 4th Ave SW, Faribault, MN 55021
SOLD FEB 27, 2026
$299,900
D
3 beds3 baths— sq ft
615 5th St NW, Faribault, MN 55021
SOLD SEP 25, 2026
$197,900
E
3 beds2 baths— sq ft
303 Willow St, Faribault, MN 55021
SOLD SEP 29, 2026
$407,000
F
4 beds3 baths— sq ft
1105 2nd St SE, Faribault, MN 55021

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Earn from this home

Refinance

Est. cash available

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Market trends in 55021, MN

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.8%

+0.6% MoM

Median sale price

$282K

$21K MoM

Avg. days on market

30d

1 days MoM

Recently sold homes

5 MoM

New listings for sale

NEW 21 HRS AGO
$439,900
5 beds3 baths2,874 sq ft
1520 Trailwood Ln SW, Faribault, MN 55021
$339,500
4 beds2 baths2,300 sq ft
1730 Patricks Bay, Faribault, MN 55021
$334,900
3 beds3 baths3,154 sq ft
2711 Village Dr, Faribault, MN 55021
COMING SOON
$430,000
4 beds3 baths2,051 sq ft
2416 14th St NE, Faribault, MN 55021
$229,900
3 beds2 baths1,975 sq ft
1414 9th St SW, Faribault, MN 55021
$135,000
2 beds1 bath769 sq ft
17351 Gary Trl #4, Faribault, MN 55021
$175,000
6 beds3 baths1,870 sq ft
510 6th St NW, Faribault, MN 55021
3D WALKTHROUGH
$775,000
4 beds4 baths4,440 sq ft
1821 Legacy Dr, Faribault, MN 55021
$239,000
3 beds2 baths1,096 sq ft
1103 6th St NW, Faribault, MN 55021
$325,000
3 beds2 baths2,024 sq ft
1810 Prairie Ave SW, Faribault, MN 55021
See all

Provided by Redfin

Sale history for 504 3rd St NE

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #6603545

Oct 25, 2024

Sold

$315,000

Sep 28, 2024

Pending

—

Sep 24, 2024

Contingent

—

Sep 21, 2024

Listed

$314,900

Sep 16, 2024

Coming Soon

$314,900

NORTHSTARMLS as Distributed by MLS Grid #6188025

May 31, 2022

Sold

$253,000

May 3, 2022

Listed

—

Apr 30, 2022

Listed

$253,000

Public Records

Apr 18, 2006

Sold

$187,300

NORTHSTARMLS as Distributed by MLS Grid #3136965

Feb 13, 2006

Listing Removed

—

Jan 15, 2006

Listed

$184,900

Join or sign in to view all info

Year

Property tax

Land + Additions

Assessment*

2026

$4,484 (+10.6%)

$81,000 + $219,000

$300,000

2025

$4,056 (+7.9%)

$73,400 + $198,300

$271,700

2024

$3,760 (+9.4%)

$73,400 + $190,700

$264,100

2023

$3,438 (+8.1%)

$73,400 + $159,800

$233,200

2022

$3,180 (+7.7%)

$58,200 + $142,400

$200,600

2021

$2,954 (+6.4%)

$58,200 + $126,300

$184,500

2020

$2,776 (+3.0%)

$53,100 + $123,800

$176,900

2019

$2,694 (+2.0%)

$53,100 + $115,400

$168,500

2018

$2,640 (+5.6%)

$50,300 + $110,100

$160,400

2017

$2,500 (−5.3%)

$44,700 + $101,900

$146,600

2015

$2,640 (−8.4%)

$47,500 + $93,600

$141,100

2014

$2,882 (+4.8%)

$47,500 + $93,600

$141,100

2013

$2,750

$47,500 + $93,600

$141,100

Tax history for 504 3rd St NE

Year

Property tax

Land + Additions

Assessment*

2026

$4,484 (+10.6%)

$81,000 + $219,000

$300,000

2025

$4,056 (+7.9%)

$73,400 + $198,300

$271,700

2024

$3,760 (+9.4%)

$73,400 + $190,700

$264,100

2023

$3,438 (+8.1%)

$73,400 + $159,800

$233,200

2022

$3,180 (+7.7%)

$58,200 + $142,400

$200,600

2021

$2,954 (+6.4%)

$58,200 + $126,300

$184,500

2020

$2,776 (+3.0%)

$53,100 + $123,800

$176,900

2019

$2,694 (+2.0%)

$53,100 + $115,400

$168,500

2018

$2,640 (+5.6%)

$50,300 + $110,100

$160,400

2017

$2,500 (−5.3%)

$44,700 + $101,900

$146,600

2015

$2,640 (−8.4%)

$47,500 + $93,600

$141,100

2014

$2,882 (+4.8%)

$47,500 + $93,600

$141,100

2013

$2,750

$47,500 + $93,600

$141,100

*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

Baths

4.5

Stories

1.5

Lot width

11 ft.

Lot depth

22 ft.

Lot size

0.53 Acres

Year renovated

1928

Sq. Ft.

2,590

Year built

1928

Style

Single Family Residential

County

Rice County

APN

1832252011

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: Shared Driveway
Carport Spaces: 0

Interior

Basement Information
Has Basement
Basement Features: Egress Window(s), Finished, Full

Heating & Cooling
Heating Information: Forced Air

Exterior

Building Information
Construction Materials: Vinyl Siding
Foundation Area: 875

Exterior Features
Patio Porch Type: Enclosed,Rear Porch
Fencing: Partial, Wood

Property Information
Above Ground Total Sq. Ft.: 1,749
Below Ground Total Sq. Ft.: 535
FractionalOwnershipYN: No
Owner Occupied: No
Property Type: Residential Income
Property Sub Type: Triplex
Above Grade Finished Area: 1,749
Below Grade Finished Area: 535
Range Num: Three

Lot Information
Lot Size Area: 0.53
Lot Size Units: Acres
Lot Size Dimensions: 100x220
Road Responsibility: Public Maintained Road

Financial

Tax Information
Tax Annual Amount: $3,760
Tax Year: 2024
Tax With Assessments: $3,760

Lease / Rent Details
Rental License Type: Standard
RentalLicense Y/N: Yes

Utilities

Utility Information
Water Source: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas

Location

Multi-Family Financial Information
Owner Pays: All Utilities
Fuel Expense: $984
Water Sewer Expense: $1,080
Trash Expense: $396
Electric Expense: $2,799
Insurance Expense: $1,200
Gross Income: $35,220

Multi-Unit Information
# of Units (Total): 3

Unit Type 1 Information
Sq. Ft.: 875
# of Rooms Total: 6
# of Bedrooms: 1
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Dishwasher, Dryer, Microwave
Parking: 1
Amenities: Main Floor Primary Bedroom
# of Units: 1

Unit Type 2 Information
Sq. Ft.: 674
# of Rooms Total: 4
# of Bedrooms: 1
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range
# of Units: 1

Unit Type 3 Information
Sq. Ft.: 535
# of Rooms Total: 5
# of Bedrooms: 1
# of Bathrooms: 1
# of Three Quarter Bathrooms: 1
Appliances: Dishwasher, Microwave, Range
# of Units: 1

School Information
High School District: Faribault
School District Number: 656
School District Phone: 507-333-6016

Location Information
Directions: Hwy 60 (Division) East, Left on 5th Ave NE, 2 blocks to property.
Map Coordinate: 999-A1

Public facts

Beds: 3
Baths: 4.5
Sq. Ft.: 2,590
Stories: 1.5
Lot Size: 0.53 acres
Style: Single Family Residential
Year Built: 1928
Year Renovated: 1928
County: Rice County
APN: 1832252011

Home facts updated by county records on Aug 10, 2026

Other

Home Information
Living Area: 2284
Main Level Finished Area: 1749.0000
Building Area Total: 2284
Age Of Property: 97
Levels: Two

Around this home

Schools

Roosevelt Elementary School

Public PreK-5 • Assigned • 0.5mi

7/10

Faribault Middle School

Public 6-8 • Assigned • 1.9mi

2/10

Faribault Senior High School

Public 9-12 • Assigned • 1.3mi

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)

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

$345,000 – $418,000

Sell confidently with a local market expert in Faribault. 3 minutes to get started.

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New listings for sale in 55021

NEW 21 HRS AGO

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3D WALKTHROUGH

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Spacious deck • Renovated bathroom • Back mudroom

Home values near 504 3rd St NE

Data from public records.

Address	Redfin Estimate
420 3rd Street Northeast, Faribault, MN 2 Beds \| 2.5 Baths \| 1020 Sq. Ft.	$226,938
510 3rd Street Northeast, Faribault, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$294,424

Address	Redfin Estimate
516 3rd Street Northeast, Faribault, MN 3 Beds \| 2 Baths \| 1444 Sq. Ft.	$278,558
522 3rd Street Northeast, Faribault, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$250,415

Address	Redfin Estimate
528 3rd Street Northeast, Faribault, MN 4 Beds \| 2.5 Baths \| 2016 Sq. Ft.	$182,348
428 3rd Street Northeast, Faribault, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$271,366

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2024. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 55021, MN

Sale history for 504 3rd St NE

Tax history for 504 3rd St NE

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 55021

Home values near 504 3rd St NE

More real estate resources