Great investment opportunity! 4-plex on nice treed, corner lot with 4 car detached garage and off street parking. Buyer & buyer's agent to verify all info, property insp recommended.
1976Year Built
0.37 acresLot Size
$112Est. Price/Sq.Ft.
4 car garageParking
Listed by • Edina Realty, Inc.
Listed by Debra (Debbi Graber
Source:NORTHSTARMLS as Distributed by MLS Grid #4155694
Redfin Estimate
$384,130
$74K since sold in March 2023
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 4.1% higher than the average sale price ($369K) of 6 comparable homes.
Great investment opportunity! 4-plex on nice treed, corner lot with 4 car detached garage and off street parking. Buyer & buyer's agent to verify all info, property insp recommended.
Year
Property tax
Land + Additions
Assessment*
2026
$4,760 (+3.3%)
$48,000 + $258,400
$306,400
2025
$4,610 (+15.1%)
$48,000 + $253,000
$301,000
2024
$4,004 (+7.3%)
$44,000 + $228,800
$272,800
2023
$3,732 (+3.8%)
$44,000 + $201,200
$245,200
2022
$3,596 (+2.1%)
$44,000 + $175,500
$219,500
2021
$3,522 (+12.7%)
$44,000 + $168,900
$212,900
2020
$3,126 (+0.1%)
$44,000 + $147,700
$191,700
2019
$3,122 (−7.9%)
$44,000 + $144,000
$188,000
2018
$3,388 (−3.4%)
$44,000 + $136,400
$180,400
2017
$3,506 (−5.8%)
$44,000 + $136,400
$180,400
2015
$3,722 (−7.7%)
$59,900 + $138,100
$198,000
2014
$4,034 (+23.4%)
$59,900 + $138,100
$198,000
2013
$3,270
$59,900 + $127,100
$187,000
Tax history for 875 Spring Rd
Year
Property tax
Land + Additions
Assessment*
2026
$4,760 (+3.3%)
$48,000 + $258,400
$306,400
2025
$4,610 (+15.1%)
$48,000 + $253,000
$301,000
2024
$4,004 (+7.3%)
$44,000 + $228,800
$272,800
2023
$3,732 (+3.8%)
$44,000 + $201,200
$245,200
2022
$3,596 (+2.1%)
$44,000 + $175,500
$219,500
2021
$3,522 (+12.7%)
$44,000 + $168,900
$212,900
2020
$3,126 (+0.1%)
$44,000 + $147,700
$191,700
2019
$3,122 (−7.9%)
$44,000 + $144,000
$188,000
2018
$3,388 (−3.4%)
$44,000 + $136,400
$180,400
2017
$3,506 (−5.8%)
$44,000 + $136,400
$180,400
2015
$3,722 (−7.7%)
$59,900 + $138,100
$198,000
2014
$4,034 (+23.4%)
$59,900 + $138,100
$198,000
2013
$3,270
$59,900 + $127,100
$187,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-4
High Density Residential District
The R-4, High Density Residential District, is established to provide for an environment of predominantly high-density apartments and congregate living arrangements, along with directly related, complementary uses. It is intended that where an R-4, High Density Residential District directly abuts a zoning district of 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 plat approval.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Bed & breakfast
Educational/school
Fire house
Library
Police station
Park & open space
Property details
Interior
Basement Information
Basement Sq. Ft: 1,716
Exterior
Exterior Information
Physical Condition: Good
Building Type: Apartment
Property Information
Subdivision Name: FOUR SEASONS
Building Sq. Ft: 3,432
Legal Description: LOT 25 BLOCK 5 OF FOUR SEASONS
Lot Information
# of Buildings: 1
Land Sq. Ft: 15,979
Legal Lot Number: 25
Legal Block Number: 5
Municipality Name: FARIBAULT
Acres: 0.3668
State Use Description: 4A-RENTAL/RESIDENTIAL NON-HOME
Financial
Assessor Information
Assessment Year: 2025
Tax District County: FARIBO-SD656-HSP-HRA
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,432
Stories: —
Lot Size: 0.37 acres
Style: Other
Year Built: 1976
Year Renovated: 1976
County: Rice County
APN: 1806326025
Home facts updated by county records on Aug 10, 2026
Around this home
Schools
Jefferson Elementary School
Public PreK-5 • Assigned • 0.6mi
4/10
Faribault Middle School
Public 6-8 • Assigned • 0.3mi
2/10
Faribault Senior High School
Public 9-12 • Assigned • 1.0mi
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
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
$365,000 – $442,000
Sell confidently with a local market expert in Faribault. 3 minutes to get started.