538 2nd St
Faribault, MN 55021
5 bd 2 ba 3,977 sqft Built 1900 Lot 6,970 sqft multi_family
Most recent sale
$226,000
Mar 24, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 22, 2026 | Listed for rent | $1,350 | TenantTurner |
| Nov 4, 2025 | Listed for rent | $1,350 | TenantTurner |
| Mar 3, 2025 | Listing removed | $1,450 | NorthstarMLS |
| Jan 27, 2025 | Listed for rent | $1,450 | NorthstarMLS |
| Mar 24, 2022 | Sold | $226,000 | MLS #6151925 |
| Feb 11, 2022 | Listed | $223,000 | MLS #6151925 |
| Jan 26, 2022 | Listed for rent | $1,250 | AppfolioUnits |
| May 15, 2021 | Listed for rent | $1,315 | AppfolioUnits |
| Feb 14, 2021 | Listed for rent | $1,250 | AppfolioUnits |
| Jan 15, 2021 | Sold | $164,000 | MLS #5643568 |
| Nov 16, 2020 | Price changed | $179,900 | MLS #5643568 |
| Oct 21, 2020 | Relisted | $188,000 | MLS #5643568 |
| Oct 5, 2020 | Listing removed | $188,000 | NorthstarMLS |
| Aug 27, 2020 | Relisted | $188,000 | MLS #5643568 |
| Aug 24, 2020 | Listing removed | $188,000 | NorthstarMLS |
| Aug 19, 2020 | Listed | $188,000 | MLS #5643568 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $204,500 | $45,000 | $249,500 | $3,728 |
| 2023 | $165,500 | $45,000 | $210,500 | $3,106 |
| 2022 | $159,700 | $36,300 | $196,000 | $3,108 |
| 2020 | — | — | $162,800 | $2,374 |
| 2019 | — | — | $147,800 | $2,196 |
| 2018 | — | — | $132,300 | $2,030 |
| 2017 | — | — | $126,500 | $1,802 |
| 2016 | — | — | $114,100 | $1,668 |
| 2015 | — | — | $115,000 | $1,602 |
| 2014 | — | — | $108,700 | $1,658 |
| 2013 | — | — | $108,700 | $1,536 |
| 2012 | — | — | $124,400 | $1,552 |
| 2011 | — | — | $153,700 | $1,576 |
| 2010 | — | — | $153,700 | $1,306 |
| 2009 | — | — | $175,600 | $1,580 |
| 2006 | — | — | $164,400 | $1,850 |
| 2005 | — | — | $146,100 | $1,566 |
Property facts
Year built
1900
Property type
multi_family
Stories
2
Beds
5
Baths
2
Living area
3,977 sqft
Lot size
6,970 sqft
ZIP code
55021
City
Faribault
Street
2nd St
Coordinates
44.29267, -93.27784
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,356
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 538 2nd St last sell?
538 2nd St most recently sold on Mar 24, 2022 for $226,000.
What is the current tax assessment for 538 2nd St?
The most recent total assessment for 538 2nd St (year 2025) is $249,500 with $3,728 in property tax.
How does 538 2nd St's assessment compare to its last sale price?
The current assessment is 10.4% above the last sale price of $226,000.
When was 538 2nd St built?
538 2nd St was built in 1900.
How does 538 2nd St compare to others on 2nd St?
We track 8 other properties on 2nd St. Browse the list under "Other properties on 2nd St" to compare beds, baths, and sale history.
What are the property facts for 538 2nd St?
538 2nd St is a 5 bed, 2 bath, 3,977 sqft, 6,970 sqft lot multi_family.
Is 538 2nd St a flip candidate?
Yes — 538 2nd St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 538 2nd St a tax-appeal candidate?
No — 538 2nd St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.9%
Implied 1-yr
+3.6%
2026 Q3
$338.9K
2026 Q4
$341.8K
ZIP 55021 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 2nd St