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For Sale:  Rochester MLS# 7049727

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Active NEW!
$300,000
/mo Edit
Multi-family:  Duplex Up and Down
4 br • 2 ba • Built 1900
1,638 sqft • 0.109 acres
MLS# 7049727
763-576-8286
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    Property Description

    Fantastic investment opportunity in a convenient southwest Rochester location just minutes from Mayo Clinic, shopping, dining, and major roadways. This licensed duplex offers strong rental potential for both owner-occupants and investors alike. This property features two separate units with central air conditioning and new appliances, providing excellent income-producing possibilities or flexible living arrangements. Ideal for long-term rentals, traveling professionals, or housed-hacking opportunities. Extensive repairs and improvements have recently been completed, with additional updates currently in progress, offering buyers added value and continued property Don't miss your chance to own a multi-family property in a highly desirable rental market with consistent demand.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $300,000
    Price per sq ft: $183
    Property Type: Multi-family
    City: Rochester
    Garage Spaces: 0
    County: Olmsted
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55902
    Subdivision Name: Hillcrest Sub

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 1,638 ft2
    Living Area: 1,638 ft2
    Refrigerators: Two
    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 819 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Shared Amenities:
    • Deck
    • Laundry
    • Porch
    Road Frontage:
    • City Street
    • Paved Streets
    Exterior Material: Frame
    Pool: None
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Rooms

    Laundry:
    • Common Area
    • In Basement

    Lot & Land

    Acres: 0.109
    Geolocation: 44.017057, -92.499351
    Lot Dimensions: 132 x 91
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Medium

    Farm

    Topography: Rolling

    Schools

    School District: 1929
    District Phone: 5073283000
    Elementary School: Folwell
    Middle School: John Adams
    High School: Mayo

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $2,182
    Annual Fuel Expense: $2,373
    Annual Insurance Expense: $1,813
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV, Trash Collection

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $3,740
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,740

    Income

    Annual Gross Income: $31,200
    Misc. Annual Income: None

    Rent

    Annual Net Income: $24,815

    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.
    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Keller Williams Premier Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.