Four-plex with great rental history! Full occupancy 100% of the time. All tenants current on rent. 2 units have same tenants for 3+ years. Investor's dream with 10% cap rate! See supplements for updates completed in last 6 mos! 24 hr showing notice is required.
Multi-familyProperty Type
1951Year Built
6,969 sq ftLot Size
3 garage spacesParking
Listed by • Keller Williams Premier Realty Lake Minnetonka
*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
7
Baths
5.5
Stories
1.5
Lot width
5 ft.
Lot depth
14 ft.
Lot size
7,050 Sq. Ft.
Year renovated
1951
Sq. Ft.
2,974
Year built
1951
Style
Other
County
Rice County
APN
1806226163
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: Attached Garage, Detached
Garage Spaces: 3
Interior
Basement Information
Basement Features: Full
Heating & Cooling
Heating Information: Forced Air
Exterior
Building Information
Construction Materials: Metal Siding, Vinyl Siding
Foundation Area: 1,464
Roof: Asphalt
Exterior Features
Fencing: None
Property Information
FractionalOwnershipYN: No
Property Type: Residential Income
Above Grade Finished Area: 2,434
Below Grade Finished Area: 540
Range Num: One Per Unit
Lot Information
Lot Features: Corner Lot
Lot Size Area: 0.16
Lot Size Units: Acres
Lot Size Dimensions: 50x141
Road Frontage Type: City Street
Financial
Tax Information
Tax Annual Amount: $2,446
Tax Year: 2017
Tax With Assessments: $2,446
Lease / Rent Details
RentalLicense Y/N: No
Tenant Pays: Cable TV, Electricity
Financial Information
Conventional
Utilities
Utility Information
Water Source: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas
Location
Multi-Family Financial Information
Owner Pays: Fuel, Insurance, Taxes, Trash Collection, Water
Fuel Expense: $1,400
Water Sewer Expense: $1,300
Trash Expense: $395
Insurance Expense: $1,000
Maintenance Expense: $1,000
Other Expense: $1,000
Gross Income: $31,000
Multi-Unit Information
# of Units (Total): 4
Unit Type 1 Information
Sq. Ft.: 1,000
# of Rooms Total: 8
# of Bedrooms: 3
# of Bathrooms: 2
# of Full Bathrooms: 1
# of Half Bathrooms: 1
Appliances: Dryer, Range
Parking: 1
# of Units: 1
Unit Type 2 Information
Sq. Ft.: 540
# of Rooms Total: 3
# of Bedrooms: 1
# of Bathrooms: 2
# of Full Bathrooms: 1
# of Three Quarter Bathrooms: 1
Appliances: Range
Parking: 1
# of Units: 1
Unit Type 3 Information
Sq. Ft.: 540
# of Rooms Total: 4
# of Bedrooms: 1
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range
Parking: 1
# of Units: 1
Unit Type 4 Information
Sq. Ft.: 800
# of Rooms Total: 5
# of Bedrooms: 2
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range
Parking: 1
# of Units: 1
HOA Information
Association Amenities: Deck
School Information
High School District: Faribault
School District Number: 656
School District Phone: 507-333-6016
Location Information
Directions: On the corner of 10th St SW and 6th Ave SW
Map Coordinate: 999-A1
Public facts
Beds: 7
Baths: 5.5
Sq. Ft.: 2,974
Stories: 1.5
Lot Size: 7,050 square feet
Style: Other
Year Built: 1951
Year Renovated: 1951
County: Rice County
APN: 1806226163
Home facts updated by county records on Aug 10, 2026
Other
Home Information
Living Area: 2974
Levels: Two
Around this home
Schools
Jefferson Elementary School
Public PreK-5 • Assigned • 0.4mi
4/10
Faribault Middle School
Public 6-8 • Assigned • 0.7mi
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
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Aug
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$347,000 – $420,000
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