123 11th Avenue SE,Rochester, MN 55904
Rochester, MN 55904
Description
Excellent opportunity to own a fully occupied 5-unit multifamily property in a growing area with strong rental demand and long-term upside potential. This income-producing asset has a proven history of full occupancy and consistent cash flow, making it an attractive option for both seasoned investors and those looking to expand their portfolio. With rents continuing to rise in the area, there is additional opportunity for increased returns over time. The property offers a solid investment foundation with stable tenants already in place and immediate income from day one. For developers, this lot is approved to build a 19 unit complex by the city. Conveniently located near area amenities, employment opportunities, and continued community growth, this is a great chance to secure a turnkey multifamily investment in an expanding market.
Details
| MLS # | 7071109 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 100 |
| Listing Provided By | Harbor Realty & Management Gro | Alex Brainard |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 5,650 |
| Car Port | Yes |
| Basement | Y |
| Story(s) | 2 |
| Units | 5 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.27 |
Interior
| Cooling | None |
|---|---|
| Heating | Boiler |
Parking
| Parking Features | Asphalt, Parking Lot |
|---|
Utilities
| Utilities | Electric Common, Hot Water Common |
|---|
Taxes
| Property | 5138 |
|---|
Area Information
| State | MN |
|---|---|
| County | Olmsted |
| City | Rochester |
| Zip Code | 55904 |
| Community Name | City Lands |
| School District | 535 |
| High School | Rochester |
| Listing VS Median (in City Lands) | |
Price: $450,000 low | high Med: $450,000 sqft: 5,650 low | high Med: 5,650 $ / sqft: $80 low | high Med: $80 On site: 100 low | high Med: 100 | |
Market Activity 55904
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Contact
Learn More About This Property
| State | MN |
|---|---|
| County | Olmsted |
| City | Rochester |
| Zip Code | 55904 |
| Community Name | City Lands |
| School District | 535 |
| High School | Rochester |
| Listing VS Median (in City Lands) | |
Price: $450,000 low | high Med: $450,000 sqft: 5,650 low | high Med: 5,650 $ / sqft: $80 low | high Med: $80 On site: 100 low | high Med: 100 | |
 | $1,390,000307 E Center StreetRochester, MN 55904 |