1509 14th Street NW, Rochester, MN 55901 (MLS# 7106188)
$460,000
Rochester, MN 55901
MLS# 7106188
Status: Coming Soon
7 beds | 4 baths | 3290 sqft
1 / 38
Property Description
Excellent investment opportunity! This turn-key, fully occupied four-plex in NW Rochester generates reliable income with long-term tenants already in place. The property boasts a durable metal roof and a low-maintenance vinyl exterior with brick accents. The unit mix includes three 2BR/1BA units and one 1BR/1BA unitâall currently leased. Landlord operations are streamlined with a shared gas-boiler heating system and tenant-paid electric, plus coin-operated common laundry for bonus income. With most units on month-to-month leases, the new owner has immediate upside to adjust rents to market rates. Capitalize on strong Rochester rental demand and add this solid performer to your portfolio!
Details
Maps
Contract Information
Status: Coming Soon
Contingency: None
Current Price: 460000
Original List Price: 460000
ListPrice: 460000
List Date: 2026-07-08
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Waterfront YN: No
Year Built: 1964
Yearly/Seasonal: Yearly
Bedrooms: 7
Baths Total: 4
Main Floor Total SqFt: 1645
Above Ground SqFt: 1645
Below Grd Total SqFt: 1645
Total SqFt: 3290
Foundation Size: 1645
Style: (MF) Four Plex
Total Finished Sqft: 3290.00
Lot Dimensions: 112x65
Acres: 0.16
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 1509
Street Name: 14th
Street Suffix: Street
Street Direction Suffix: NW
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55901
Complex/Dev/Subdivision: Bielenberg & Giese 3rd
Assessments
Tax With Assessments: 6394
Building Information
Finished SqFt Above Ground: 1645
Finished SqFt Below Ground: 1645
Income and Expenses
Annual Caretaker Expense: 1920
Annual Fuel Expense: 1500
Annual Gross Expenses: 9450
Annual Gross Income: 45000
Annual Insurance Expense: 2650
Annual Maintenance Expense: 1300
Annual Trash Expense: 648
Annual Water/Sewer Expense: 1426
Total Annual Expenses: 9450
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 14
Section#: 27
Township#: 107
Unit 1
Furnished?: No
Lease Expiration Date: 2026-11-30
Leased?: Yes
Unit Number: 1
Annual Rent: 9000
Finished SqFt: 800
Full Baths: 1
Monthly Rent: 750
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 4
Unit 2
Furnished?: No
Leased?: Yes
Unit Number: 2
Annual Rent: 12000
Finished SqFt: 800
Full Baths: 1
Monthly Rent: 1000
No. of Units Like This: 3
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 5
Unit Details
Total Units: 4
Property Features
Accessible: None
Construction Status: Previously Owned
Exterior: Brick/Stone; Vinyl
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Laundry: Laundry Room
Owner Pays: Gas; Sewer; Trash Collection; Water
Sewer: City Sewer/Connected
Stories: Two
Unit 1 Cooling: Wall
Unit 2 Cooling: Wall
Water: City Water/Connected
Listing Office: Realty Growth Inc.
Last Updated: July - 08 - 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.
Friday 10th of July 2026 11:28 AM
218-998-4400
Mohagen Real Estate
Let's Connect
Mohagen Real Estate
sue@MohagenRealEstate.com
Office: 218-998-4400
Cell: 218-731-7376
Mohagen Real Estate is licensed in the State of Minnesota