Shannon Zywiec
Edina Realty, Inc.
(651) 571-9882
28 Total Sales
1 in Faribault
$366,000 Price
416 8th St NW Faribault, MN 55021
Faribault Area
6
Beds
4
Baths
2,736
Sq Ft
0.4
Acre Lot
About This Home
As of May 2026Excellent investment opportunity priced to meet the 1% rule in a highly convenient location just minutes from downtown Faribault, with quick access to I-35 and Highway 60. This property is now a fixer-upper with strong value-add potential. The building features four units: two 2-bed/1-bath units and two 1-bed/1-bath units, with only 2 units currently rented. Rents are below market, offering significant upside for a new owner willing to renovate and stabilize the property. With tall ceilings and plenty of character throughout, this property has great bones and long-term potential. Additional amenities include ample on-site parking, a garage, and a storage shed. The price has been discounted to reflect the condition, giving the next owner an excellent opportunity to create instant equity through improvements and increased rental income.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,806
Year Built
- Built in 1900
Lot Details
- 0.4
Parking
- 1 Car Garage
Home Design
- Quadruplex
- Stone Foundation
- Stucco Exterior
Interior Spaces
- 2,736 Sq Ft Home
- 2-Story Property
- Partial Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Additional Features
- Lot Dimensions are 99x177
- Forced Air Heating System
Community Details
- 4 Units
- Paquins 2Nd Add Subdivision
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for sewer, trash collection, water
- Assessor Parcel Number 1830375041
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 10, 2025
Closed on
May 5, 2026
Sold by
416 8Th St Nw Llc
Bought by
Seller's Agent
Tom Schiffler
Premier Real Estate Services
Buyer's Agent
Tom Schiffler
Premier Real Estate Services
List Price
$319,900
Sold Price
$250,000
Premium/Discount to List
-$69,900
-21.85%
Views
908
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$199,629
Interest Rate
6.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 16, 2025
Sold by
Rehm Josie
Bought by
416 8Th St Nw Llc
Purchase Details
Listed on
Nov 9, 2023
Closed on
Feb 15, 2024
Sold by
Smith Connor
Bought by
Rehm Josie
Seller's Agent
Connor Smith
Real Estate Masters, Ltd.
Buyer's Agent
Jackson Dunnell
Pemberton RE
List Price
$315,000
Sold Price
$263,000
Premium/Discount to List
-$52,000
-16.51%
Views
48
Purchase Details
Closed on
Mar 31, 2022
Sold by
Bill Minnehan Llc A Minnesota Limited Li
Bought by
Smith Connor
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,325
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 9, 2022
Sold by
Bill Minnehan Llc
Bought by
Smith Connor M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,325
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 11, 2013
Closed on
May 10, 2013
Sold by
Federal National Mortgage Association
Bought by
Bill Minnehaha Llc
Seller's Agent
Jesse Graber
Edina Realty, Inc.
Buyer's Agent
Linda Whelan
Edina Realty, Inc.
List Price
$91,800
Sold Price
$80,000
Premium/Discount to List
-$11,800
-12.85%
Purchase Details
Closed on
Feb 15, 2002
Sold by
Sanders Leslie S and Sanders Jennifer L
Bought by
Wagner Kevin R
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Faribault, MN
-
Shannon Zywiec
-
Tyrone Stenzel
Tyrone Stenzel
Fieldstone Real Estate Specialists
(763) 324-9701
32 Total Sales
20 in Faribault
$399K - $565K Price Range
-
Glori Haidar
Glori Haidar
Edina Realty, Inc.
(712) 624-7741
58 Total Sales
1 in Faribault
$275,000 Price
-
Farhiya Ali
Farhiya Ali
Keller Williams Realty Integrity
(612) 482-8695
62 Total Sales
1 in Faribault
$375,000 Price
-
Jennifer Walsh
Jennifer Walsh
eXp Realty
(507) 460-5522
131 Total Sales
1 in Faribault
$210,000 Price
-
Deb Schmidt
Deb Schmidt
Help-U-Sell Heritage Real Est.
(507) 431-0098
309 Total Sales
13 in Faribault
$82K - $458K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $250,000 | Near North Title | ||
| 416 8Th St Nw Llc | $500 | Flex Title Company | |
| Rehm Josie | $263,000 | -- | |
| Rehm Josie | $263,000 | Minnesota Secured Title | |
| Smith Connor | $208,450 | -- | |
| Smith Connor M | $208,451 | None Listed On Document | |
| Bill Minnehaha Llc | $80,000 | -- | |
| Wagner Kevin R | $185,400 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $200,000 | ||
| Previous Owner | Smith Connor M | $156,325 | |
| Previous Owner | Bill Minnehan Llc | $130,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/05/2026 05/05/26 | Sold | $250,000 | -3.8% | $91 / Sq Ft | |
| 03/28/2026 03/28/26 | Pending | -- | -- | -- | |
| 03/24/2026 03/24/26 | Price Changed | $259,900 | -18.8% | $95 / Sq Ft | |
| 12/10/2025 12/10/25 | For Sale | $319,900 | +21.6% | $117 / Sq Ft | |
| 02/15/2024 02/15/24 | Sold | $263,000 | -16.5% | $96 / Sq Ft | View Prior Sale |
| 12/14/2023 12/14/23 | Pending | -- | -- | -- | |
| 11/09/2023 11/09/23 | For Sale | $315,000 | +293.8% | $115 / Sq Ft | |
| 05/10/2013 05/10/13 | Sold | $80,000 | -12.9% | $40 / Sq Ft | View Prior Sale |
| 05/06/2013 05/06/13 | Pending | -- | -- | -- | |
| 02/11/2013 02/11/13 | For Sale | $91,800 | -- | $46 / Sq Ft |
Source: NorthstarMLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $4,254 | $294,300 | $85,400 | $208,900 |
| 2025 | $4,254 | $284,300 | $83,000 | $201,300 |
| 2024 | $3,806 | $240,100 | $59,000 | $181,100 |
| 2023 | $3,228 | $240,100 | $59,000 | $181,100 |
| 2022 | $3,402 | $218,800 | $59,000 | $159,800 |
| 2021 | $3,272 | $214,700 | $49,600 | $165,100 |
| 2020 | $3,012 | $204,600 | $49,600 | $155,000 |
| 2019 | $2,854 | $192,100 | $47,200 | $144,900 |
| 2018 | $3,486 | $178,600 | $46,300 | $132,300 |
| 2017 | $3,382 | $169,200 | $46,300 | $122,900 |
| 2016 | $3,400 | $154,900 | $41,100 | $113,800 |
| 2015 | $3,396 | $151,000 | $41,100 | $109,900 |
| 2014 | -- | $155,900 | $51,400 | $104,500 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Schiffler
Seller's Agent in 2026
Tom Schiffler
Premier Real Estate Services
(320) 980-1414
160 Total Sales
-
Connor Smith
CS
Seller's Agent in 2024
Connor Smith
Real Estate Masters, Ltd.
(952) 250-5409
11 Total Sales
-
Jackson Dunnell
Buyer's Agent in 2024
Jackson Dunnell
Pemberton RE
(952) 232-8727
70 Total Sales
-
JG
Seller's Agent in 2013
Jesse Graber
Edina Realty, Inc.
-
DG
Seller Co-Listing Agent in 2013
Debbie Graber
Edina Realty, Inc.
-
LW
Buyer's Agent in 2013
Linda Whelan
Edina Realty, Inc.
Map
Source: NorthstarMLS
MLS Number: 6825777
APN: 18.30.3.75.041
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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