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103 1st Street SE, New Richland, MN 56072

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For Sale

$169,000

6 beds • 2,411 sqft

Estimated Payment

$ 1,043 /mo. †

6.67% APR for 30 yrs.
$2,082 in taxes
Change Loan Terms

  • Other Residential
    Property type

  • $70.10
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Make your next move with this 2-unit duplex, offering a prime opportunity for both homeowners and investors. Whether you choose to live in one unit and rent out the other, lease both for steady cash flow, or create the perfect setup for extended family, this property provides flexibility. Each unit features over 1,000 sq feet, 3 bedrooms, in-unit washer and dryer, newer carpeting, and convenient public parking right out front. The garage, currently assigned to the lower unit, can be used however best it fits your needs. Don t miss this chance to own this property!
MLS# 6672738

Courtesy Of RE/MAX Venture

(507) 413-8100

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Stone
  • Heating System
    Forced Air
  • Lot Size
    0.12 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 103 1st Street SE, New Richland, MN 56072

Home seller CENTURY 21 Atwood

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Atwood

(507) 377-3174
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $870
  • Property Taxes
    $173
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,043

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Nrheg Elementary School

Grades PK-5 Public School

Ellendale, MN 56026 9.9 miles
600 school st s

362 total students
12:1 Student teacher ratio

School Rating: B+

School Details

Nrheg Secondary School

Grades 6-12 Public School

New Richland, MN 56072 0.2 miles
306 ash ave s

480 total students
17:1 Student teacher ratio

School Rating: C

School Details

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for New Richland, MN 56072

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New Richland, MN 56072

This community’s employment is highest in the sales and administrative support industries. The area’s overall household expenses are above the national average.

84° July
Hottest Average Month
4° January
Coldest Average Month
1,101 Total Households in Area
-0.7% Increase in population since the year 2010
32.4%
of households
have children
26 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for New Richland, MN 56072

New Richland, MN 56072 has a population of 2,579 people in 1,101 households with a median age of 44.2 years old.

-0.7%
Decrease in population
since the year 2010
Population is Trending down
1,019
Total households as of 2010
7.9%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 44.2 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 94%
Hispanic 3%
Other <1%
Black <1%
Asian <1%
Native American <1%
The most prevalent ethnicity is White at 94%, followed by Hispanic at 3%, Other at <1%, and Black at <1%.

Economics
for New Richland, MN 56072

20 /sq mi
Population Density
$66,985 /yr
Median Household Income
$265,000
Median Sales Price
26 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 16.73% of the households.

Transportation to Work

  • Drive 88%
  • Work from Home 8%
  • Walk or Bike 4%
  • Public Transit 0%

Occupancy by Type

Owned 898 75%
Rented 202 17%
Vacant 100 8%

White vs Blue Collar Jobs







White Collar 62%
Blue Collar 38%

Family & Education Facts
for New Richland, MN 56072

44.2 Median Age

Average Household Size

2.3
persons per
household

57.8%

Married Households

Community Population By Education

High School Graduate 37%
Some College 24%
Associates Degree 17%
Bachelors Degree 14%
Graduate Degree 5%
Some High School 4%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 36.5% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
32.4% of households have children

Weather
for New Richland, MN 56072

The weather for this area ranges from a high of 84° F in July to a low of 4° F in January

84° July
Hottest Average Month
4° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
4°
23°
Feb
9°
28°
Mar
21°
40°
Apr
35°
57°
May
46°
70°
Jun
56°
79°
Jul
61°
84°
Aug
58°
81°
Sep
49°
73°
Oct
38°
61°
Nov
24°
42°
Dec
11°
28°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about New Richland, MN 56072!
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Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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