2

Faribault, MN Multifamily Homes & Duplexes for Sale

Section Image
  • /42

    $305,000

    • 3 Beds
    • 2 Baths
    • 1,599 Sq Ft

    204 3rd Ave SW, Faribault, MN 55021

    This is a turn-key duplex with tenants under lease, and very little annual maintenance needed. Quiet neighborhood across the street from Bethlehem Academy. Lots of updates have been completed. Beautiful hardwood floors on main floor. Live in one and pay your mortgage with income from the other. This could also be easily converted back to a single family home.

    Mark Barry Fathom Realty MN, LLC

    204 3rd Ave SW, Faribault, MN 55021
  • /81

    $689,000 New Construction

    • 4 Beds
    • 3.5 Baths
    • 4,062 Sq Ft

    7284 205th St W, Faribault, MN 55021

    LUXURY LAKE LIVING...NO WAITING, NO COMPROMISES! Why wait to build when you can move right now into this jaw-dropping, custom-designed twin home just steps from beautiful Cedar Lake? This 4-bedroom, 4-bath stunner combines all the upscale finishes and thoughtful design of a luxury new build without the stress, delays, or decision fatigue. Every inch is crafted for comfort, convenience, and pure

    Hailey Warner eXp Realty

    7284 205th St W, Faribault, MN 55021

Why Live in Faribault

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.

Home Trends in Faribault, MN

Housing Trends

Median Sale Price
$400,000
Median Single Family Sale Price
$400,000
Average Price Per Sq Ft
$219
Number of Homes for Sale
4
Last 12 months Home Sales
37
Months of Supply
1.30
Median List Price
$400,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-10%
How to Buy a Home How to Finance a Home How to Sell a Home