Lincoln Elementary
- Enrollment
- 391
- Students per teacher
- 12.2
510 Lincoln Ave NW, Faribault, MN 55021
(507) 333-6600
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510 6th Street NW, Faribault, MN 55021 - MLS# 7162219
$175,000
Bedrooms
6
Bathrooms
3
Square Feet
1,870
Acres
0.25
Year Built
1873
Property Type
Residential Income
Heating
Natural Gas, Forced Air
Days on Market
11
School District
656 - Faribault
Excellent investment opportunity in a prime Faribault location! This up/down duplex features two 3-bedroom, 1-bathroom units and offers significant value-add potential for investors looking to build equity and increase cash flow. Roof is less than 2 years old. Whether you’re an owner-occupant looking to offset your mortgage or an investor seeking strong rental potential, this property delivers flexibility and value and offers a solid foundation for your investment goals. Situated in a convenient location with easy access to downtown, interstate 35W, shopping, dining, and everyday amenities.
Interior Information
BasementUnfinished
HeatingForced Air
FuelNatural Gas
Size & Levels
LevelsOne and One Half
Total Finished Sq Ft1,870 sq ft
Above Grade Finished1,870 sq ft
Main Level Finished1,030 sq ft
Exterior & Parking
ExteriorSlate
RoofAge 8 Years or Less
FoundationStone
ParkingGravel
Lot & Utilities
Property SubtypeDuplex Up and Down
Lot Size0.25 acres
Lot Dimensions66 X 165
Lot DescriptionTree Coverage - Medium
SubdivisionCity/Faribault
TownshipFaribault
CountyRice
SewerCity Sewer/Connected
WaterCity Water/Connected
Road FrontageCounty Road
FencingPartial
Financial & Tax Information
Annual Taxes$2,854
Tax Year2026
Tax w/ Assessments$2,914
Assessment PendingNo
Parcel Number1831126128
Financing OptionsConventional, Cash
List TypeExclusive Right To Sell
Neighborhood at a Glance
In this neighborhood, homes were most commonly built in 1939 or earlier, about 74% of occupied homes are owner-occupied, and the average commute is 15 minutes.
Cost of Ownership
Median home value
$242,000
Similar to the Faribault median
The midpoint of estimated values for owner-occupied homes.
Median property taxes paid
$2,200/yr
Lower than the Faribault median
The midpoint of annual property taxes paid by homeowners.
Typical monthly owner costs (with mortgage)
$1,516/mo
Similar to the Faribault median
Median monthly housing costs for owners with a mortgage.
Typical monthly owner costs (no mortgage)
$538/mo
Lower than the Faribault median
Median monthly housing costs for owners without a mortgage.
Median rent
$1,228/mo
Higher than the Faribault median
The midpoint of monthly gross rent, including utilities.
Homes in the Area
Owner-occupied homes
74%
Higher than Faribault overall
The share of occupied homes lived in by their owners.
Median year built
1985
Similar to the Faribault median
The midpoint of years when homes in the area were built.
Home age by decade
The share of homes built during each period.
- 2010-201916%
- 2000-200916%
- 1990-199913%
- 1980-19897%
- 1939 or earlier23%
Types of homes
The share of housing units in each building type.
- Single-family detached56%
- Townhome / attached14%
- 5+ units15%
Getting Around
Average commute
15 min
Lower than the Faribault median
The average one-way travel time to work for commuters.
How people get to work
The share of workers using each listed way to get to work.
- Drive alone66%
- Carpool19%
Homes with broadband
89%
Similar than Faribault overall
The share of households with a broadband internet subscription.
Schools
Faribault Public School District
This home is in the Lincoln Elementary, Faribault Middle and Faribault Senior High attendance areas of Faribault Public School District.
Elementary
More than one school serves this area
Middle
Faribault Middle
- Enrollment
- 594
- Students per teacher
- 13.8
704 17th St SW, Faribault, MN 55021
(507) 333-6300High
Faribault Senior High
- Enrollment
- 956
- Students per teacher
- 18.4
330 9th Ave SW, Faribault, MN 55021
(507) 333-6100
