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For Sale:  Rochester MLS# 6814284

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Active
$217,500
/mo Edit
Multi-family:  Duplex Other
Built 1900
1,550 sqft • 0.13 acres
Rochester schools
MLS# 6814284
763-576-8286
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    Property Description

    Charming Duplex in Rochester’s Up-and-Coming Lowertown District. Don’t miss this incredible opportunity in Rochester’s vibrant Lowertown neighborhood - an area on the rise and full of potential. This well-maintained duplex features two separate units, perfect for an owner-occupant looking to offset their mortgage or an investor seeking a well-priced addition to their portfolio. Ideally located just a short walk to downtown Rochester, you’ll enjoy easy access to new restaurants, boutique shopping, and exciting local amenities, plus the newly planned Mayo Hospital, adding even more value and growth potential to the area. Each unit offers comfortable, light-filled living spaces, and the property includes a detached two-car garage with off-street parking. Experience the convenience, charm, and promise of Lowertown - a smart move for today and a solid investment for the future.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $217,500
    Price per sq ft: $140
    Property Type: Multi-family
    City: Rochester
    Garage Spaces: 2
    County: Olmsted
    Year Built: 1900
    State: MN
    Property Style: Duplex Other
    Zip Code: 55901
    Subdivision Name: Northern Add

    Interior

    Finished Area: 1,550 ft2
    Living Area: 1,550 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: One and One Half
    Garage Spaces: 2
    Garage Size: 576 ft2
    Foundation Size: 1,550 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Detached
    Shared Amenities: None
    Road Frontage:
    • City Street
    • Sidewalks
    Exterior Material: Metal Siding
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.13
    Geolocation: 44.02977, -92.465321
    Lot Dimensions: 45X125
    Zoning: Residential-Multi-Family
    Lot Description: Some Trees

    Schools

    School District: 535
    District Phone: 507-328-3000
    Elementary School: Harriet Bishop
    Middle School: John Adams
    High School: John Marshall

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $1,140
    Annual Insurance Expense: $1,200
    Annual Maintenance Expense: None
    Annual Gross Expense: $2,760
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $420
    Tenant Expenses: Electricity, Trash Collection

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $3,462
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,462

    Income

    Annual Gross Income: $24,000
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Units

    Total Units: 2

    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 Re/Max Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.