516 College Street Northfield, MN 55057

$230,000
Active
estimated monthly payment
6 Beds  |  4 Baths  |  2,054 Sq Ft  |  Single Family  |  MLS # 6705300
  • 516 College Street, Northfield, MN 55057 Listing Photo  1
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About The Listing

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.


Listing courtesy of Robert Schanilec, Century 21 Atwood
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Property Details

Features

 
 
 
Property Type: Single Family
Status: Active
Contingency Type: None
Year Built: 1875
MLS #: 6705300
Bedrooms: 6
Square Feet: 2,054
Bathrooms (Full): 3
Price Per Square Foot: $112
Bathrooms (Half) : 1
Bathrooms (Three Quarters) : 0
Garage Spaces: 0
Parking Description: Gravel
Sewer Description: City Sewer/Connected
Air Conditioning Type: None
Water: City Water/Connected
Heat Type: Hot Water, Radiant
Basement: Partial, Unfinished
Construction Description: Vinyl Siding
Disability Features: None
Latest Update: 04/19/2025
List Date: 04/19/2025
Listing Agent ID: 506015987
Listing Office: Century 21 Atwood
Listing Office ID: 251864
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Number of Fireplaces: 0
Lot Dimensions: 92x82.5
Lot Size: 0.17 Acres
School District: Northfield
Tax Year: 2025
Estimated Taxes: $6,100
Contingency Type: None
City: Northfield
Zip: 55057
County: Rice
Subdivision: Town
State: MN

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Listing last updated: 04/19/25

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