1316 2nd Street NW, Rochester, MN 55901 (MLS# 7028516)


$405,000
1316 2nd Street NW
Rochester, MN 55901
MLS# 7028516
5 beds  |  3 baths  |  3186 sqft


1316 2nd Street NW, Rochester, MN 55901
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1316 2nd Street NW, Rochester, MN 55901 1316 2nd Street NW, Rochester, MN 55901 1316 2nd Street NW, Rochester, MN 55901 1316 2nd Street NW, Rochester, MN 55901 1316 2nd Street NW, Rochester, MN 55901 1316 2nd Street NW, Rochester, MN 55901 1316 2nd Street NW, Rochester, MN 55901 1316 2nd Street NW, Rochester, MN 55901 1316 2nd Street NW, Rochester, MN 55901 1316 2nd Street NW, Rochester, MN 55901 1316 2nd Street NW, Rochester, MN 55901 1316 2nd Street NW, Rochester, MN 55901

Property Description
Great location in historic Kutzke Park close to Mayo / St Mary’s complex and downtown with over 3000 ft.² This home has 5 bedrooms 3 baths and 2 kitchens currently used as an Airbnb short-term rental, but could easily be turned back to a single-family home or a duplex. Within the last year, a new roof, zero maintenance premium siding, high efficient HVAC/furnace and central air, also main floor kitchen has been completely remodeled. Convenient parking with a 2 car garage, and driveway parking for 3. Utilities run about $400 per month with $40,000+ a year Gross income this place could be a gold mine for Clinic residence, multigenerational families, investors, or owner occupants looking for a good long term rental. Basement has full kitchen, bedroom, den, living room, 3/4 bath, and common utility / laundry area.. Main floor has 2 bedrooms, full bath, and common kitchen and living room. Upstairs has 2 bedrooms and 3/4 bath. Rooms rent for $650 - 1,200/month depending on the time of the year.

Details
Maps
Documents
Contract Information
Status: Active
Contingency: None
Current Price: 405000
Original List Price: 405000
ListPrice: 405000
List Date: 2026-03-01
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1939
Yearly/Seasonal: Yearly
Bedrooms: 5
Baths Total: 3
Main Floor Total SqFt: 1062
Above Ground SqFt: 2124
Below Grd Total SqFt: 1062
Total SqFt: 3186
Foundation Size: 1062
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2741.00
Garage Stalls: 2
Lot Dimensions: 50 x 150
Acres: 0.17
Location Tax and Other Information
House Number: 1316
Street Name: 2nd
Street Suffix: Street
Street Direction Suffix: NW
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55901
Complex/Dev/Subdivision: Cascade Manor
Assessments
Tax With Assessments: 4994
Building Information
Finished SqFt Above Ground: 1998
Finished SqFt Below Ground: 743
Income and Expenses
Annual Gross Expenses: 11794
Annual Gross Income: 40000
Annual Insurance Expense: 2000
Annual Net Income: 28206
Total Annual Expenses: 11794
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 440
Public Survey Info
Range#: 14
Section#: 34
Township#: 107
Unit 1
Furnished?: Yes
Leased?: No
Unit Number: 1
3/4 Baths: 1
Finished SqFt: 743
No. of Units Like This: 1
Oth Parking Spaces: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 3
Unit 2
Furnished?: Yes
Leased?: No
Unit Number: 2
3/4 Baths: 1
Finished SqFt: 1998
Full Baths: 1
No. of Units Like This: 1
Total Baths: 2
Total Bedrooms: 4
Total Rooms: 8
Unit Details
Total Units: 2
Property Features
Accessible: None
Basement: Full; Partially Finished
Construction Materials: Frame
Construction Status: Previously Owned
Electric: 150 Amp Service
Exterior: Fiber Board
Fencing: Chain Link
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Internet Options: Fiber Optic
Laundry: Common Area; In Basement
Lock Box Type: None
Lot Description: Tree Coverage - Medium
Owner Pays: All Utilities
Rental License Type: Airbnb; Short-Term Online Rental Mgmt (STORM)
Roof: Asphalt Shingles
Sellers Terms: Cash; Conventional; FHA; VA
Sewer: City Sewer/Connected
Shared Rooms: Other
Stories: One and One Half
Tenant Pays: None
Unit 1 Appliances: Range; Refrigerator
Unit 1 Cooling: Central
Unit 2 Appliances: Range; Refrigerator
Unit 2 Cooling: Central
Water: City Water/Connected

Listing Office: Progressive Real Estate

Last Updated: March - 01 - 2026

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Sunday 1st of March 2026 11:51 PM

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