226 7th Street NW Faribault, MN $ 525,000
226 7th Street NW
$ 525,000
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226 7th Street NW

Faribault, MN, 55021
$ 525,000
Bedrooms6 Baths-- Sq 6,427

Monthly Estimate*

$ 3,626

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Commercial Property for sale in Faribault, MN

for $525,000 with 6 bedrooms. This 6,427 square foot building was built in 1890 on a lot size of 0.348.

This stately 1890s multi-family residence is a standout example of craftsmanship and opportunity in the heart of Faribault. Configured as a unique seven-unit property, it offers strong income potential with a proven rental layout. Timeless character shines throughout, highlighted by classic hardwood floors and distinctive architectural details. A large open-frame porch and striking exterior create impressive curb appeal, while the corner lot setting adds to its presence. The property also features a spacious basement, ideal for storage or maintenance, along with convenient gravel driveway parking. Designed for efficient management, the building includes common heating and separate electric utilities for each unit. Recent assessments reflect increasing value, and the solid stone foundation underscores its long-term durability. With the right vision and updates, there is an excellent opportunity to further enhance both value and appeal. Located near local amenities with easy highway access, this property presents a rare opportunity to own a piece of Faribault’s history while maximizing its investment potential.

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Commercial Active

Price

$ 525,000

Bedrooms

6

Property Type

Commercial

Taxes

$ 5,150

Style

Lot Size

0.348

Year Built

1890

Town/City

Faribault

County/Region

Rice

MLS | Web ID

7061689

Features
General
Sewer City Sewer/Connected
Heating Forced Air Hot Water
Cooling None
Utilities Electric Separate Heating Common
Roof Pitched
Appliances Range Refrigerator
Garage Spaces 0
Pool Features None
Construction Materials Block
Year Built 1890
Tenant Pays Electricity
Levels Two
Tax Year 2026
Current Use Residential
Gross Income 68760
Accessibility None
County Rice
Operating Expense 9360
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 2160
Subdivision Name Mcclellands 2nd Add
Possible Use Other
Directions Hwy 21 to 7th St East.
City Faribault
High School District Faribault
Zoning Description Residential-Multi-Family
Number Of Units Total 7
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 5150
Fuel Expense 6000
Water Sewer Expense 1200
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Amenities Unit Hardwood Floors Porch Walk-In Closet
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Interior
Basement Block Full Unfinished
Basement (Y/N) Y
Total Bedrooms 6
Total Baths 0
Fuel Natural Gas
Garage Square Feet 0
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Exterior
Parking Features Gravel Open
Lot Features Corner Lot Tree Coverage - Light
Water Source City Water/Connected
Inclusions Building Leases
Lot Size Area 0.348
Building Area Total 6427
Lot Dimensions 132 X 115
Waterfront Y/N N
Foundation Area 1800
Road Frontage Type City Street Curbs Paved Streets
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 226
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* Excluded Features
List By
Keller Williams Preferred Rlty

Broker

jason@hhgus.com

Email

Affordability Calculator

$4,055
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,626
Monthly Property Taxes
$429
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
709225 Elementary School
708958 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/1/2026$525,000 Listed Price

Map


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226 7th Street NW, Faribault, MN, 55021 is a Commercial Property for sale at $525,000 with 6,427 sqft and a lot size of 0.348. 226 7th Street NW has 6 bedroomsThe property's zip code is 55021 which is in Faribault, MN