516 College ST Contingent Save Request In-Person Tour Request Virtual Tour
Northfield,MN 55057
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Contingent
Purchase Type For Sale
Square Footage 2,054 sqft
Price per Sqft $111
Subdivision Town
MLS Listing ID 6705300
Bedrooms 6
Full Baths 3
Half Baths 1
Year Built 1875
Annual Tax Amount $6,100
Tax Year 2025
Contingent Inspection
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 92x82.5
Property Sub-Type Single Family Residence
Property Description
This tri-plex built in 1875 offers an excellent investment opportunity in a coveted neighborhood just blocks from Carleton College. Situated on a desirable corner lot, this property with more than 2000 finished square feet spans 1.5 stories and features 6 bedrooms and 4 bathrooms, providing accommodations for 6 tenants. The property is fully occupied with each renter paying $500 monthly. The current lease expires mid-June. There is a partial basement with laundry facilities. The property's prime location in one of the area's most sought-after neighborhoods make it ideal for investors seeking a turnkey rental property with established income.
Location
State MN
County Rice
Zoning Residential-Single Family
Rooms
Basement Partial,Unfinished
Interior
Heating Hot Water,Radiant
Cooling None
Fireplace No
Exterior
Parking Features Gravel
Building
Story One and One Half
Foundation 684
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One and One Half
Structure Type Vinyl Siding
New Construction false
Schools
School District Northfield