Property Description Completely remodeled from top to bottom, this turnkey 4-plex is an outstanding investment opportunity in the heart of Rochester! Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer searching for a low-maintenance income property, this one checks all the boxes.
Every major component has been updated with quality and longevity in mind, including new plumbing, electrical, boiler system, water heater, kitchens, bathrooms, and much more. All renovations were completed with the proper permits and have received occupancy approval from the City, giving buyers added confidence and peace of mind.
The property features four fully occupied 2-bedroom, 1-bath units, each thoughtfully designed with its own in-unit laundry. Every apartment is served by efficient boiler heat while also offering the comfort and flexibility of an individual mini-split system with both air conditioning and heat pump functionality. Electric is individually metered, making utility management simple and efficient.
Located just minutes from everything Rochester has to offerâincluding world-class healthcare, dining, shopping, entertainment, parks, and major employersâthis property combines a prime location with extensive improvements and reliable rental income. Opportunities to purchase a fully renovated, fully occupied multifamily property of this caliber are few and far between. Schedule your showing today and see why this investment stands out from the rest!
Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 649900
Original List Price: 649900
ListPrice: 649900
List Date: 2026-10-14
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Waterfront YN: No
Year Built: 1962
Yearly/Seasonal: Yearly
Bedrooms: 8
Baths Total: 4
Main Floor Total SqFt: 1672
Above Ground SqFt: 1672
Below Grd Total SqFt: 1672
Total SqFt: 3344
Foundation Size: 1672
Style: (MF) Four Plex
Total Finished Sqft: 3272.00
Lot Dimensions: 110x77
Acres: 0.19
Assessment Pending: No
Location Tax and Other Information
House Number: 317
Street Name: 14th
Street Suffix: Street
Street Direction Suffix: SW
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55902
Complex/Dev/Subdivision: Graham Add - Torrens
Assessments
Tax With Assessments: 6568
Basement
Foundation Dimensions: 28x60
Building Information
Finished SqFt Above Ground: 1672
Finished SqFt Below Ground: 1600
Income and Expenses
Annual Fuel Expense: 1800
Annual Gross Expenses: 8400
Annual Gross Income: 65400
Annual Insurance Expense: 2400
Annual Maintenance Expense: 1800
Annual Net Income: 57000
Annual Repair Expense: 1800
Annual Trash Expense: 600
Total Annual Expenses: 8400
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 14
Section#: 11
Township#: 106
Unit 1
Furnished?: No
Lease Expiration Date: 2027-10-31
Leased?: Yes
Level: Below Ground
Unit Number: 1
Annual Rent: 15600
Finished SqFt: 800
Full Baths: 1
Monthly Rent: 1300
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 5
Unit 2
Furnished?: No
Leased?: No
Level: Below Ground
Unit Number: 2
Annual Rent: 1400
Finished SqFt: 800
Full Baths: 1
Monthly Rent: 1400
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 5
Unit 3
Furnished?: No
Lease Expiration Date: 2027-03-31
Leased?: Yes
Level: Main Level
Unit Number: 3
Annual Rent: 16800
Finished SqFt: 800
Full Baths: 1
Monthly Rent: 1400
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 5
Unit 4
Furnished?: No
Lease Expiration Date: 2027-02-28
Leased?: Yes
Unit Number: 4
Annual Rent: 17400
Finished SqFt: 800
Full Baths: 1
Monthly Rent: 1450
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 5
Unit Details
Total Units: 4
Property Features
Accessible: None
Basement: Concrete Block; Egress Windows; Full; Single Tenant Access