226 7th Street Nw, Faribault, MN

$525,000

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6

Beds

0.35

Acres

About 226 7th Street Nw

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.

Features of 226 7th Street Nw

MLS® # 7061689
Price $525,000
Bedrooms 6
Bathrooms 0.00
Acres 0.35
Year Built 1890
Type Commercial Sale
Status Active

Community Information

Address 226 7th Street Nw
Subdivision Mcclellands 2nd Add
City Faribault
County Rice
State MN
Zip Code 55021

Amenities

Utilities Electric Separate, Heating Common
Parking Gravel, Open
Is Waterfront No
Has Pool No
Pool None

Interior

Appliances Range, Refrigerator
Heating Forced Air, Hot Water
Cooling None
Fireplace No

Exterior

Exterior Features Stone, Metal, Vinyl
Lot Description Corner Lot, Tree Coverage - Light
Roof Pitched
Construction Block

School Information

District Faribault

Additional Information

Days on Market 144
Zoning Residential-Multi-Family
Foreclosure No
Short Sale No

Listing Details

OfficeKeller Williams Preferred Rlty

Listing Map

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