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Neal Lawson

neal@mndreamteam.com +1(612) 418-5892

$ 220,000

Est. payment -/mo

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306 10th AVE NE Rochester, MN 55906

2 Beds

1 Bath

1,430 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex Up and Down

Listing Status Active

Purchase Type For Sale

Square Footage 1,430 sqft

Price per Sqft $153

Subdivision Riess 2Nd Sub

MLS Listing ID 7069553

Bedrooms 2

Year Built 1920

Annual Tax Amount $2,892

Tax Year 2025

Contingent None

Lot Size 5,880 Sqft

Lot Dimensions 118x48

Property Sub-Type Duplex Up and Down

Property Description

We're excited to share an up/down duplex located on a quiet street in Rochester, close to the city bus line and all the amenities the area has to offer. This well-positioned property is perfect for a first-time investor or a valuable addition to an existing portfolio. The main level unit features 2 bedrooms and 1 bathroom, with private basement access that includes a washer and dryer. It comes equipped with a dishwasher, microwave, range, and refrigerator. The upper unit offers 1 bedroom and 1 bathroom and has been occupied by a long-term tenant whose rent is covered by a local nonprofit. Appliances in this unit include a refrigerator and oven. While the upper unit is expected to require cosmetic updates such as paint, flooring, and cabinet improvements upon turnover, the tenant is anticipated to stay for the foreseeable future. This duplex provides immediate rental income with the potential to increase cash flow through strategic updates. It's a rare opportunity to own a property in a strong location with built-in stability and room for appreciation.

Location

State MN

County Olmsted

Zoning Residential-Multi-Family

Rooms

Basement Full

Interior

Heating Forced Air

Fireplace No

Building

Story One and One Half

Foundation 754

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One and One Half

New Construction false

Schools

Elementary Schools Jefferson

Middle Schools Kellogg

High Schools Century

School District Rochester

Listed by Alex Brainard • Harbor Realty & Management Gro

NEARBY SCHOOLS & PROPERTIES

Neal Lawson

Broker Associate | License ID: 502039225

+1(612) 418-5892

Neal Lawson

306 10th AVE NE Rochester, MN 55906

Key Details

Location

Rooms

Interior

Building

Schools

NEARBY SCHOOLS & PROPERTIES

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