For Sale: Northfield MLS# 7064749
Active
$599,900
Multi-family: Duplex Side by Side
6 br • 4 ba • Built 1878
4,740 sqft • 0.149 acres
Northfield schools
MLS# 7064749
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Exceptional investment opportunity in the heart of Northfield! Welcome to 316 & 318 6th Street E — a beautifully maintained side-by-side duplex offering strong rental history, long-term stability, and incredible curb appeal in one of Minnesota’s most charming communities. Each spacious unit features 3 bedrooms and 2 bathrooms, providing comfortable layouts that tenants love and rarely want to leave.
This property is truly a cash-flowing gem with excellent lease security already in place. One unit recently signed a brand-new 18-month lease, while the other is secured through January 2027, giving investors immediate peace of mind and reliable income from day one. The property has seen extensive updates and improvements throughout the years, making it not only a smart investment, but an absolutely gorgeous one as well. Pride of ownership shines from every angle.
Located just minutes from downtown Northfield, this duplex places tenants close to everything — local restaurants, coffee shops, parks, schools, shopping, and the vibrant charm that makes Northfield such a desirable place to live. Enjoy proximity to the famous Jesse James Days festivities, riverwalk attractions, and the historic downtown district that draws visitors year-round.
Whether you are looking to expand your portfolio or secure a turnkey investment property with dependable tenants and long-term leases already in place, this is the kind of opportunity investors wait for. Beautifully cared for, ideally located, and already producing strong income — this duplex checks every box.
24-hour notice required for all showings due to tenant occupancy.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$599,900
Price per sq ft:
$127
Property Type:
Multi-family
City:
Northfield
Garage Spaces:
0
County:
Rice
Year Built:
1878
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55057
Subdivision Name:
Original Town
Interior
Bedrooms:
6
Bathrooms:
4
Finished Area:
4,740 ft2
Living Area:
4,740 ft2
Refrigerators:
Two
Basement Details:
Owner Access
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Foundation Size:
2,370 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Pool:
None
Rooms
Laundry:
Main Level
Lot & Land
Acres:
0.149
Geolocation:
44.453778, -93.155769
Lot Dimensions:
82.5 x 79
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Schools
School District:
659
District Phone:
5076630629
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
$1,200
Annual Trash Expense:
$1,200
Annual Water/Sewer Expense:
$1,440
Tenant Expenses:
Electricity, Gas, Heat
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,598
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,598
Income
Annual Gross Income:
$56,400
Rent
Annual Net Income:
$44,400
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Avenue Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.