Fantastic investment opportunity in the heart of Faribault! This centrally located duplex is perfect for both investors and those looking to owner-occupy. Live in one unit while generating rental income from the other, or rent out both units for a steady cash flow. Just a short walk from local stores and restaurants, this property offers convenience and potential. Upper level bedroom and sunroom not photographed.
Closed
$272,500
510 3rd St NW, Faribault, MN 55021
5beds
2baths
3,100sqft
Duplex Up and Down
Built in 1873
-- sqft lot
$297,300 Zestimate®
$88/sqft
$1,691 Estimated rent
Home value
$297,300
$244,000 - $363,000
$1,691/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 01, 2025 at 11:49pm
Listed by:
Izzy Hernandez 651-502-5692,
Edina Realty, Inc.
Bought with:
Dean Durhman
Edina Realty, Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6577399
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Forced Air
Features
- Has basement: Yes
Interior area
- Total structure area: 3,100
- Total interior livable area: 3,100 sqft
- Finished area above ground: 2,534
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 0.25 Acres
- Dimensions: 66 x 165
Details
- Foundation area: 1572
- Parcel number: 1831126243
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Up and Down
Materials
- Brick/Stone
- Foundation: Stone
Condition
- Age of Property: 152
- New construction: No
- Year built: 1873
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Faribault
- Subdivision: City/Faribault
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2024 | Sold | $272,500-2.7%$88/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6577399 | ||
| 8/29/2024 | Pending sale | $280,000$90/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6577399 | ||
| 8/16/2024 | Listed for sale | $280,000+97.2%$90/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6577399 | ||
| 3/11/2019 | Sold | $142,000$46/sqft |
Source: Public Record | ||
| 12/2/2016 | Sold | $142,000+13.6%$46/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4752996 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,044 +3.4% | $280,300 +5.6% |
| 2024 | $2,944 +18.6% | $265,500 +1.7% |
| 2023 | $2,482 +11.5% | $261,000 +20.3% |
Find assessor info on the county website
Neighborhood: 55021
Nearby schools
GreatSchools rating
- 7/10Roosevelt Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 2/10Faribault Middle SchoolGrades: 6-8Distance: 1.6 mi
- 4/10Faribault Senior High SchoolGrades: 9-12Distance: 0.7 mi
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Sell for more on Zillow
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$297,300
2% more+ $5,946
With Zillow Showcase(estimated)
$303,246