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$349,900

527 6th Avenue NWFaribault, MN 55021

Type: Multi-Family

3 Units

Description

Triplex investment opportunity at 527 6th Ave NW in Faribault featuring three 2-bedroom, 1-bath units. Each unit offers a practical floor plan with comfortable living spaces and consistent layouts throughout. The property presents strong rental appeal (Unit 1 rent $1310 month, Unit 2 $1100 Month, Unit 3 $1250 month) and is well positioned for long-term income potential in an established neighborhood. A solid option for investors seeking a multi-unit property with dependable demand.

MLS ID: 7009206

Directions: Head toward 3rd Ave NW. Turn right onto 4th Ave NW. Turn left onto 6th St NW. Turn left onto 6th Ave NW. Destination will be on the left.

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Property Details

Essential Details

MLS #: 7009206

Listing courtesy of: Redfin Corporation

Price: $349,900

Type: Multi-Family

Contingency: None

Foreclosure: No

Zoning: Residential-Multi-Family

Total Units: 3

Annual Gross Income: $43,920

Operating Expense: $8,112

Annual Electric Expense: $180

Annual Fuel Expense: $540

Annual Insurance Expense: $3,100

Annual Maintenance Expense: $2,000

Annual Annual Expense: $560

Annual Water/Sewer Expense: $1,080

Tenant Pays: Broadband, Cable TV, Electricity, Fuel

Owner Pays: Insurance, Repairs, Other, Sewer, Taxes, Trash Collection, Water

Parking Features: Covered, Gravel, Concrete, Open

Garage SqFt: 200

Garage Spaces: 1

Building Details

Owner Occupied: No

Finished SqFt Total: 1,730

Finished Above Grade: 1,730

Fireplace: No

AccessibilityFeatures: None

Roof: Flat, Other, Rubber

Heating: Forced Air

Electric: Other

Style: Triplex

Foundation Area: 650

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Shared Rooms: Other

Present Use: Yearly

Number of Refrigerators: Three

Lot Details

Complex/Dev/Sub Name: Mcclellands Add

Lot Dimensions: 105x66

Fence: Other

Road Frontage: City Street, Sidewalks

School Information

District: Faribault

District Number: 2145

District Phone: 5073336016

Community Information

County: Rice

Taxes

Tax Year: 2025

Tax Amount: $2,612

Assessment Pending: Unknown

Taxes w/Assessments: $2,612

This listing was last updated by Redfin Corporation on 3/17/2026 at 5:15 pm.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 3/18/2026 5:05 am.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Twin Cities are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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