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For Sale:  Rochester MLS# 6797229

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Active NEW!
$449,900
/mo Edit
Multi-family:  Four Plex
Built 1963
3,128 sqft • 0.16 acres
Rochester schools
MLS# 6797229
763-576-8286
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    Property Description

    This charming multi-family property offers an excellent opportunity for savvy investors looking to generate steady rental income. With seven bedrooms and four bathrooms spread across 3, 164 square feet, there's plenty of space for tenants to call home. Located in friendly Rochester, this property sits in an area that perfectly balances residential comfort with convenient amenities. Families will appreciate being just a short walk from Zumbro South Park, where kids can enjoy the baseball field and playground equipment. The nearby Rochester Stem Academy adds educational value to the location, making it attractive to families seeking quality schooling options. Each unit offers comfortable living spaces with well-appointed bathrooms and bedrooms that maximize natural light and functionality. This neighborhood has that welcoming small-town feel while offering the conveniences of city living. The tree-lined streets create a pleasant walking environment, and the proximity to parks means tenants can easily enjoy outdoor activities year-round. For investors seeking a property with strong rental potential in a desirable location, this multi-family home presents an opportunity to build long-term wealth through consistent income generation. The combination of practical living spaces and neighborhood appeal makes it an attractive option for quality tenants.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $449,900
    Price per sq ft: $144
    Property Type: Multi-family
    City: Rochester
    Garage Spaces: 0
    County: Olmsted
    Year Built: 1963
    State: MN
    Property Style: Four Plex
    Zip Code: 55902
    Subdivision Name: Graham Add - Torrens

    Interior

    Finished Area: 3,128 ft2
    Living Area: 3,128 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Block
    • Egress Window(s)
    • Full
    • Storage Space
    • Walkout

    Exterior

    Stories: Split Entry (Bi-Level)
    Garage Spaces: 0
    Foundation Size: 1,564 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Boiler
    Parking Features:
    • Asphalt
    • Parking Lot
    • Paved
    • Shared Driveway
    • Storage
    Shared Amenities:
    • Coin-op Laundry Owned
    • Laundry
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Exterior Material:
    • Brick/Stone
    • Vinyl Siding
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.16
    Geolocation: 44.005402, -92.467391
    Lot Dimensions: 64 x 110 x 65 x 110
    Zoning: Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    Schools

    School District: 535
    District Phone: 507-328-3000
    Elementary School: Bamber Valley
    Middle School: Willow Creek
    High School: Mayo

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $1,504
    Annual Insurance Expense: $2,173
    Annual Maintenance Expense: $2,237
    Annual Gross Expense: $18,184
    Annual Trash Expense: $1,196
    Annual Water/Sewer Expense: $1,848
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,658
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,658

    Income

    Annual Gross Income: $37,500
    Misc. Annual Income: $500
    Misc. Monthly Income: $42

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Homes Plus Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.