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516 College ST Northfield, MN 55057
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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
Sold Date 05/16/25
Bedrooms 6
Full Baths 3
Half Baths 1
Year Built 1875
Annual Tax Amount $6,100
Tax Year 2025
Contingent None
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
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