Home › 123 11th Avenue SE, Rochester, MN 55904 (MLS# 7071109)

123 11th Avenue SE, Rochester, MN 55904 (MLS# 7071109)

$450,000
123 11th Avenue SE
Rochester, MN 55904
MLS# 7071109
7 beds  |  5 baths
123 11th Avenue SE, Rochester, MN 55904
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123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904 123 11th Avenue SE, Rochester, MN 55904

Property Description
Excellent opportunity to own a fully occupied 5-unit multifamily property in a growing area with strong rental demand and long-term upside potential. This income-producing asset has a proven history of full occupancy and consistent cash flow, making it an attractive option for both seasoned investors and those looking to expand their portfolio. With rents continuing to rise in the area, there is additional opportunity for increased returns over time. The property offers a solid investment foundation with stable tenants already in place and immediate income from day one. Conveniently located near area amenities, employment opportunities, and continued community growth, this is a great chance to secure a turnkey multifamily investment in an expanding market.

Details
Maps
Contract Information
Status: Active
Current Price: 450000
Contingency: None
ListPrice: 450000
List Date: 2026-05-13
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Management Company Name: Harbor Realty & Management Group
Multiple PIDs?: No
Other Parking Spaces: 5
Owner Occupied: No
Waterfront Present: No
Year Built: 1910
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 7
Baths Total: 5
Foundation Size: 4154
For Sale or Lease: For Sale
Acres: 0.26
Lot Dimensions: 30x50
Assessment Pending: No
Location Tax and Other Information
House Number: 123
Street Name: 11th
Street Suffix: Avenue
Street Direction Suffix: SE
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55904
Complex/Dev/Subdivision: City Lands
Assessments
Tax With Assessments: 5138
Building Information
Building Finished SqFt: 4711
Building SqFt: 5650
Ceiling Height: Less Than 8 Feet
Income and Expenses
Annual Caretaker Expense: 2572
Annual Gross Expenses: 19454
Annual Gross Income: 51444
Annual Insurance Expense: 6000
Annual Maintenance Expense: 2572
Annual Net Income: 31990
Annual Repair Expense: 2572
Annual Trash Expense: 600
Total Annual Expenses: 19454
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: OTHER
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 14
Section#: 36
Township#: 107
Sale Options
Sale Includes: Building
Unit 1
Unit Number: 1
Monthly Rent: 887
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Total Rooms: 5
Unit Total SqFt: 1150
Leased?: Yes
Lease Expiration Date: 2027-06-30
No. of 1 Bedroom Units: 3
Unit 2
No. of 2 Bedroom Units: 2
Full Baths: 1
Leased?: No
Monthly Rent: 1000
Total Bathrooms: 1
Total Bedrooms: 2
Total Rooms: 5
Unit Number: 2
Unit Total SqFt: 1150
Unit 3
Full Baths: 1
Lease Expiration Date: 2027-06-30
Leased?: Yes
Monthly Rent: 835
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 3
Unit Total SqFt: 800
Unit 4
Full Baths: 1
Lease Expiration Date: 2027-02-28
Leased?: Yes
Monthly Rent: 790
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 4
Unit Total SqFt: 800
Unit 5
Full Baths: 1
Lease Expiration Date: 2027-02-28
Leased?: Yes
Monthly Rent: 900
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 5
Unit Total SqFt: 750
Unit Details
Total Units: 5
Property Features
Accessible: None
Air Conditioning: None
Amenities Unit: None
Basement: Full; Partially Finished; Shared Access
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Metal
Foundation: Combination
Fuel: Natural Gas
Heating: Boiler
Lock Box Type: Combo
On Site Utilities: Electric Common; Hot Water Common
Owner Pays: Lawn; Lawn; Maintenance/Repair; Snow Removal; Trash Collection
Parking Characteristics: Parking Lot
Rental License Type: Standard
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Electricity; Gas; Water
Water: City Water/Connected

Listing Office: Harbor Realty & Management Gro

Last Updated: May - 18 - 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.

Tuesday 19th of May 2026 07:28 AM

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