new - 2 days on rocket

527 6th Ave NW, Faribault, MN, 55021

$309,900

Home List Price

$3,680*

Closing Credit

0 Baths
1,765 SqFt
$176/SqFt
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

527 6th Ave NW, Faribault$309,900

Buyer Closing Credits

$3,680*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTriplex
ParkingDetached, Asphalt
Garage1 space
Year Built1880
HeatingForced Air
BasementYes
MLS #6632599
StatusActive

About 527 6th Ave NW

Take advantage of this fantastic investment opportunity with this fully remodeled triplex in Faribault. This property features three spacious 2-bedroom units, all recently updated to offer modern amenities while preserving the charm of the building. With tenants responsible for their own heat and electric, this property offers a great potential for steady cash flow and low maintenance for the owner.

Property Details

Property Features

Property Information:

  • Year Built: 1880
  • Living Area: 1,765 SqFt

Listing Office:

  • Office Name: RE/MAX Advantage Plus

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached, Asphalt

Lot Features

Lot Information:

  • Lot: Few Trees

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Highway 21, south to 7th street, east to 6th Avenue northwest, south to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $309,900
  • Price Per SqFt: $176/SqFt

Tax Information:

  • Annual Amount: $1,840
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Faribault, MN.

Map thumbnail provided by MapBox

Faribault, MN

City

Med. Sold Price

$299.9K

Med. Price/SqFt

$165

Avg. Days On Market

47

# of Sold Homes

27

527 6th Ave NW vs Faribault

2 DAYS ON ROCKET

-45 Days

$309,900

+$10K More

$176/SqFt

+$10 More

KEY TAKEAWAY

This property is $10K more than the Median Sold Price and $10/SqFt more than other homes in Faribault, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6632599

Listing Office:

  • Office Name: RE/MAX Advantage Plus

IDX Broker Reciprocity Copyright © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

By searching, you agree to the EULA Terms Agreement.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/20/2024, 11:52:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 06, 2018Home Sold
$85,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,840$152,200
2019$1,664$127,300
2018$1,556$117,000
2017$1,552$113,600

History based on county public records data.

Payment Calculator

$1,614

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$996

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-158922
5
/10

  • Lincoln Elementary School

  • 510 Lincoln Ave NW

  • 0.46 miles

  • Public District Grades KG-5

school-card-donut-158923
3
/10

  • Jefferson Elementary School

  • 922 Home Pl

  • 1.19 miles

  • Public District Grades KG-5

school-card-donut-158924
5
/10

  • Roosevelt Elementary School

  • 925 Parshall St

  • 1.25 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,145. Most Faribault, MN residents have annual incomes less than $35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Rice County›Faribault›55021›527 6th Ave NW

This home is located at 527 6th Ave NW in Faribault, MN and zip code 55021. This 1,765 square foot home was built in 1880. It has been listed on Rocket Homes since November 18, 2024 and is currently priced at $309,900.

In October 2024, from all listings sold in Faribault, MN there were more than 9 sold above asking price, over 7 sold below and more than 11 were sold right at the asked price. Between September 2024 and October 2024, Faribault, MN real estate market has seen increase in the number of listings by 9.6%. While the average time on the market in October 2024 was 47 days, the median list price was $299,900.

From Rocket Homes Real Estate and based on county public records data.

More Resources