Closed
$315,000
504 3rd St NE, Faribault, MN 55021
3beds
3baths
2,284sqft
Triplex
Built in 1928
-- sqft lot
$342,200 Zestimate®
$138/sqft
$1,976 Estimated rent
Home value
$342,200
$281,000 - $417,000
$1,976/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
An incredible investment opportunity is knocking at your door! This well-maintained triplex is brimming with potential and charm. Step into the upstairs unit, where you'll find a fresh coat of paint, sleek new drywall and trim, updated plumbing, and contemporary fixtures. It's a space that feels both fresh and inviting. The basement unit shines with its recent paint job, updated trim, and plush new carpeting—creating a cozy retreat with modern appeal. The main floor unit, now enjoying its 13th year on a reliable long-term lease, is newly painted and offers exciting potential for conversion into a second bedroom. Recent enhancements throughout the property include beautifully improved landscaping, brand-new gutters, and a well-maintained furnace and AC system. The windows and siding are just four years old, ensuring durability and energy efficiency. Don’t miss your chance to own this versatile gem, poised to deliver exceptional returns!
Zillow last checked: 8 hours ago
Listing updated: October 28, 2025 at 11:50pm
Listed by:
Lacie Nelson 952-873-9333,
eXp Realty,
Morgan Almendinger 507-649-4010
Bought with:
Joe Mueller
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6603545
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Forced Air
Features
- Basement: Egress Window(s),Finished,Full
Interior area
- Total structure area: 2,284
- Total interior livable area: 2,284 sqft
- Finished area above ground: 1,749
- Finished area below ground: 535
Property
Parking
- Parking features: Shared Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Enclosed, Rear Porch
- Fencing: Partial,Wood
Lot
- Size: 0.53 Acres
- Dimensions: 100 x 220
Details
- Foundation area: 875
- Parcel number: 1832252011
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Vinyl Siding
Condition
- Age of Property: 97
- New construction: No
- Year built: 1928
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Faribault
- Subdivision: Coopers Add
Price history
| Date | Event | Price |
|---|---|---|
| 10/25/2024 | Sold | $315,000+0%$138/sqft |
Source: | ||
| 9/28/2024 | Pending sale | $314,900$138/sqft |
Source: | ||
| 9/21/2024 | Listed for sale | $314,900+24.5%$138/sqft |
Source: | ||
| 5/31/2022 | Sold | $253,000$111/sqft |
Source: | ||
| 5/4/2022 | Listed for sale | $253,000+35.1%$111/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,056 +7.9% | $300,000 +10.4% |
| 2024 | $3,760 +9.4% | $271,700 +2.9% |
| 2023 | $3,438 +8.1% | $264,100 +13.3% |
Find assessor info on the county website
Neighborhood: 55021
Nearby schools
GreatSchools rating
- 7/10Roosevelt Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 2/10Faribault Middle SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Faribault Senior High SchoolGrades: 9-12Distance: 1.3 mi

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$342,200
2% more+ $6,844
With Zillow Showcase(estimated)
$349,044
