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  • $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
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    $1,922/mo

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    $1,922/mo

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    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#: 6603545MLS Logo

    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

    DateEventPrice
    10/25/2024Sold$315,000+0%$138/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6603545
    9/28/2024Pending sale$314,900$138/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6603545
    9/21/2024Listed for sale$314,900+24.5%$138/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6603545
    5/31/2022Sold$253,000$111/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6188025
    5/4/2022Listed for sale$253,000+35.1%$111/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6188025

    Public tax history

    YearProperty taxesTax 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
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    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