516 College ST, Northfield, MN 55057 - MLS#6705300

$200,000

Est. payment - /mo

6 Beds

4 Baths

2,054 SqFt

UPDATED:

Key Details

Sold Price $200,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 2,054 sqft

Price per Sqft $97

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

Lot Size 7,405 Sqft

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

Interior

Heating Hot Water, Radiant

Cooling None

Exterior

Parking Features Gravel

Building

Story One and One Half

Foundation 684

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Vinyl Siding

New Construction false

Schools

School District Northfield

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Listed by Robert Schanilec • Century 21 Atwood

Get More Information

Chad Pederson

+1(612) 325-8745

Broker | License ID: 20586306

Broker License ID: 20586306

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516 College ST Northfield, MN 55057