For Sale: Rochester MLS# 7158292
Active
NEW!
$500,000
Multi-family: Fourplex
7 br • 4 ba • Built 1968
3,520 sqft • 0.208 acres
Rochester schools
MLS# 7158292
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Property Description
Located in a convenient area of Rochester with close proximity to downtown, this four-unit multifamily property offers an excellent opportunity for investors seeking established rental income. The property features three two-bedroom units and one one-bedroom unit, along with an on-site laundry room and a detached garage providing one parking stall for each unit. With 100% occupancy and a strong rental history, this property offers an established investment with existing tenants and income in place. The property next door 1347 6th Ave SE (MLS 7158315) is also listed for sale, providing investors an opportunity to acquire two adjacent multifamily properties in a desirable Rochester location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$500,000
Price per sq ft:
$142
Property Type:
Multi-family
City:
Rochester
Garage Spaces:
4
County:
Olmsted
Year Built:
1968
State:
MN
Property Style:
Fourplex
Zip Code:
55904
Subdivision Name:
Meadow Park Resub B-Torrens
Interior
Bedrooms:
7
Bathrooms:
4
Finished Area:
3,520 ft2
Living Area:
3,520 ft2
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
4
Garage Size:
800 ft2
Foundation Size:
1,760 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
Detached Garage
Rooms
Laundry:
Common Area
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.208
Geolocation:
44.004133, -92.45531
Lot Dimensions:
130' x 70'
Schools
School District:
535
District Phone:
5073283000
Elementary School:
Ben Franklin
Middle School:
Willow Creek
High School:
Mayo
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,460
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,460
Income
Annual Gross Income:
$54,960
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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!
Listing provided by RMLS,
courtesy of eXp Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.