318 6th Street E, Northfield, MN 55057

New Listing
$599,900
Property Type: Multi-Family Bedrooms: 6 Baths: 4 Square Footage: 2,370 Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $599,900 List Date: 5/12/2026 Last Modified: 5/12/2026

Overview

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 Details MLS# 7064749

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront Present
No
Year Built
1878
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
2370
Above Ground SqFt
2370
Total SqFt
2370
Foundation Size
2370
Style
(MF) Duplex Side X Side
Total Finished Sqft
4740.00
Lot Dimensions
82.5x79
Acres
0.14
Assessment Pending
No
Below Grd Total SqFt
0
Garage Stalls
0

Property Features

Accessible: None Basement: Owner Access Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Stucco Fencing: None Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: Main Level Lot Description: Corner Lot Owner Pays: Trash Collection; Water Pool Description: None Road Responsibility: Public Maintained Road Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity; Gas; Heat Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
599900
ListPrice
599900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
318
Street Name
6th
Street Suffix
Street
Street Direction Suffix
E
Postal City
Northfield
County
Rice
State
MN
Zip Code
55057
Complex/Dev/Subdivision
Original Town

Assessments

Tax With Assessments
6598
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2370
Finished SqFt Below Ground
2370

More Information

Income and Expenses

Annual Gross Expenses
1000
Annual Gross Income
56400
Annual Maintenance Expense
1200
Annual Net Income
44400
Annual Trash Expense
1200
Annual Water/Sewer Expense
1440
Total Annual Expenses
1000
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Insurance Expense
0
Annual Repair Expense
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Unit 1

Furnished?
No
Lease Expiration Date
2027-12-31
Leased?
Yes
Unit Number
Yes
3/4 Baths
Yes
Annual Rent
28200
Finished SqFt
1200
Full Baths
Yes
Monthly Rent
2350
No. of Units Like This
2
Total Baths
2
Total Bedrooms
3
Total Rooms
6

Unit Details

Total Units
2

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
ORIG TOWN E2 L5 & E2 N13FT L4 B57
Listing City
Northfield
Map Page
219
Municipality
Northfield
School District
Northfield
School District Phone
507-663-0629
Zip Plus 4
2408
Property ID Number
2206200081
Tax Year
2026
Tax Amount
6598
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
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.
Directions
on 6th

Accessible

None
Yes

Basement

Owner Access
Yes

Construction Status

Previously Owned
Yes

Electric

Circuit Breakers
Yes

Exterior

Stucco
Yes

Fencing

None
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Laundry

Main Level
Yes

Lot Description

Corner Lot
Yes

Owner Pays

Trash Collection
Yes
Water
Yes

Parking Characteristics

Garage Dimensions
No

Patio, Porch and Deck Features

Enclosed
Yes

Pool Description

None
Yes

Road Responsibility

Public Maintained Road
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

No. of Ranges

Two
Yes

No. of Refrigerators

Two
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
Heat
Yes
Listing Office: Avenue Realty
IDX
Last Updated: May - 12 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.