, Rochester, MN 55902 (MLS# 7101999)


$649,900
Rochester, MN 55902
MLS# 7101999
8 beds  |  4 baths  |  3344 sqft


Rochester, MN 55902
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Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902 Rochester, MN 55902

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 offer—including world-class healthcare, dining, shopping, entertainment, parks, and major employers—this 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
Contract Information
Status: Active
Current Price: 649900
Contingency: None
ListPrice: 649900
List Date: 2026-06-30
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Management Company Name: Harbor Realty & Management Group
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1962
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 8
Baths Total: 4
Foundation Size: 1672
For Sale or Lease: For Sale
Acres: 0.19
Lot Dimensions: 110x77
Assessment Pending: No
Location Tax and Other Information
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55902
Complex/Dev/Subdivision: Graham Add - Torrens
Assessments
Tax With Assessments: 6636
Basement
Foundation Dimensions: 28x60
Building Information
Building Finished SqFt: 3272
Building SqFt: 3344
Ceiling Height: Less Than 8 Feet
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
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 14
Section#: 11
Township#: 106
Sale Options
Sale Includes: Building, Land, Rental License
Unit 1
Unit Number: 4
Monthly Rent: 1300
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Total Rooms: 4
Level: Below Ground
Unit Total SqFt: 800
Leased?: Yes
Lease Expiration Date: 2026-10-31
Unit 2
No. of 2 Bedroom Units: 4
Full Baths: 1
Lease Expiration Date: 2027-03-31
Leased?: Yes
Level: Below Ground
Monthly Rent: 1300
Total Bathrooms: 1
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 3
Unit Total SqFt: 800
Unit 3
Full Baths: 1
Lease Expiration Date: 2027-03-31
Leased?: Yes
Level: Main Level
Monthly Rent: 1400
Total Bathrooms: 1
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 2
Unit Total SqFt: 836
Unit 4
Full Baths: 1
Lease Expiration Date: 2027-02-28
Leased?: Yes
Level: Main Level
Monthly Rent: 1450
Total Bathrooms: 1
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 1
Unit Total SqFt: 836
Unit Details
Total Units: 4
Property Features
Accessible: None
Air Conditioning: Ductless
Amenities Unit: Ceiling Fan(s); Kitchen Window
Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Metal
Flooring: Luxury Vinyl Plank
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Baseboard; Heat Pump
Lot Description: Corner Lot
On Site Utilities: Electric Separate
Owner Pays: Gas; Lawn; Lawn; Snow Removal
Parking Characteristics: Paved Lot
Sewer: City Sewer/Connected
Stories: One
Tenant Pays: Electricity; Water
Water: City Water/Connected

Listing Office: Harbor Realty & Management Gro

Last Updated: July - 10 - 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 14th of July 2026 01:01 PM

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