For Sale: Rochester MLS# 7106188
Active
NEW!
$460,000
Multi-family: Fourplex
7 br • 4 ba • Built 1964
3,290 sqft • 0.167 acres
Rochester schools
MLS# 7106188
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Property Description
Excellent investment opportunity! This turn-key, fully occupied four-plex in NW Rochester generates reliable income with long-term tenants already in place. The property boasts a durable metal roof and a low-maintenance vinyl exterior with brick accents. The unit mix includes three 2BR/1BA units and one 1BR/1BA unit—all currently leased. Landlord operations are streamlined with a shared gas-boiler heating system and tenant-paid electric, plus coin-operated common laundry for bonus income. With most units on month-to-month leases, the new owner has immediate upside to adjust rents to market rates. Capitalize on strong Rochester rental demand and add this solid performer to your portfolio!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$460,000
Price per sq ft:
$140
Property Type:
Multi-family
City:
Rochester
Garage Spaces:
0
County:
Olmsted
Year Built:
1964
State:
MN
Property Style:
Fourplex
Zip Code:
55901
Subdivision Name:
Bielenberg & Giese 3rd
Interior
Bedrooms:
7
Bathrooms:
4
Finished Area:
3,290 ft2
Living Area:
3,290 ft2
Basement Details:
- Daylight/Lookout Windows
- Finished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,645 ft2
Handicap Accessible:
None
Heating System:
Boiler
Rooms
Laundry:
Laundry Room
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.167
Geolocation:
44.036352, -92.484353
Lot Dimensions:
112 x 65
Schools
School District:
535
District Phone:
5073283000
Elementary School:
Harriet Bishop
Middle School:
John Adams
High School:
John Marshall
Expenses
Annual Caretaker Expense:
$1,920
Annual Electric Expense:
None
Annual Fuel Expense:
$1,500
Annual Insurance Expense:
$2,650
Annual Maintenance Expense:
$1,300
Annual Trash Expense:
$648
Annual Water/Sewer Expense:
$1,426
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,394
Lender-owned:
Not Disclosed
Assessment Pending:
Unknown
Taxes w/ Assessments:
$6,394
Income
Annual Gross Income:
$45,000
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
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 Realty Growth Inc..
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.