14 3rd Street NWFaribault, MN 55021
$1.095 million
8 bedrooms · 8 bathrooms · 9,900 finished sq ft · 0.075 acre lot
About this home
Investment opportunity in the heart of downtown Faribault. This 9-unit mixed-use property consists of eight renovated residential apartments and one commercial space. The residential units have been extensively renovated with updated kitchens, bathrooms, flooring, and finishes, along with new electric baseboard heat, allowing residents to control and pay for their own heating costs. Additional capital improvements include a newer roof with a transferable warranty and a new fire panel. The commercial space is leased through December 2030, providing in-place income, while the eight renovated residential units are currently vacant, giving the next owner the opportunity to complete lease-up and stabilize the property. Commercial tenant pays their own gas/electric/trash/sewer/internet and is in charge of HVAC maintenance. Convenient downtown location near businesses, restaurants, and services. An opportunity to acquire a substantially improved mixed-use asset with much of the renovation and capital improvement work already completed.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1910
- Bedrooms
- 8
- Bathrooms
- 8
- Finished sq ft
- 9,900
- Lot
- 0.075 acres
- Heating
- Natural Gas, Baseboard
- Property taxes
- $6,336 a year
- Listed
- August 31, 2026
- MLS number
- 7135428
Listing courtesy of RE/MAX Results (Lars Anderson). MLS #7135428.
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How it compares
14 3rd Street NW, Faribault, MN 55021 is a 8-bedroom single-family home built in 1910, listed for $1.095 million on August 31, 2026 by RE/MAX Results. That is in the upper quarter of the 83 single-family homes for sale in Faribault right now (median $389,900; $111 per square foot here against $168 for the group). That works out to $111 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Faribault community guideSchools, commutes, parks, home values and local stories.
- Faribault housing market, September 2026Homes sold for a median $290,000 over 12 months (−6.3%), 65 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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