$305,000
- 3 Beds
- 2 Baths
- 1,599 Sq Ft
204 3rd Ave SW, Faribault, MN 55021
Mark Barry Fathom Realty MN, LLC
$305,000
204 3rd Ave SW, Faribault, MN 55021
Mark Barry Fathom Realty MN, LLC
$689,000 New Construction
7284 205th St W, Faribault, MN 55021
Hailey Warner eXp Realty
Faribault, Minnesota, situated at the confluence of the Cannon and Straight Rivers, is 50 miles south of Minneapolis and 54 miles south of St. Paul. Historically an industrial hub, Faribault continues to thrive with multiple manufacturing plants and the Minnesota Correctional Facility, the state's largest prison, as major employers. The city, with fewer than 24,000 residents, offers modest, affordable homes in various styles such as Colonial Revival, Craftsman, and ranch-style, with larger stone facade homes found in the Legacy Golf Village neighborhood. Shattuck-St. Mary’s, a renowned private boarding school, is notable for its exceptional ice hockey program, producing numerous NHL players, and its growing soccer program. Faribault's vibrant downtown features popular dining spots like Depot Bar and Grill and Basilleo’s Pizza, alongside local shops on Central and Lyndale Avenues. Outdoor enthusiasts can enjoy the River Bend Nature Center's 743 acres of natural habitat, including Turtle Lake and Fossil Beach, with year-round activities like cross-country skiing, hiking, and biking. The city is part of the Faribault Public School District, known for its diversity, and houses Minnesota’s State Academies for the Deaf and Blind. Hiawathaland Transit services the area, though it remains car-dependent, with Interstate 35 providing direct access to Minneapolis. The crime rate in Faribault is on par with the national average, and some areas may be prone to flooding due to the proximity to rivers.
On average, homes in Faribault, MN sell after 71 days on the market compared to the national average of 70 days. The median sale price for homes in Faribault, MN over the last 12 months is $400,000, down 10% from the median home sale price over the previous 12 months.
In Faribault, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $305,000 to $689,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Faribault is $400,000, while the average sale price is $438,894, offering insights into the local housing market. On average, multi-family homes spend 71 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Faribault, MN.