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$ 450,000
Est. payment /mo
New
123 11th AVE SE Rochester, MN 55904
7 Beds
5 Baths
0.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision City Lands
MLS Listing ID 7071109
Bedrooms 7
Year Built 1910
Annual Tax Amount $5,138
Tax Year 2025
Contingent None
Lot Size 0.266 Acres
Lot Dimensions 30x50
Property 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. 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.
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. 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.
Location
State MN
County Olmsted
Zoning Residential-Multi-Family
Rooms
Basement Finished, Full, Partially Finished, Shared Access
Interior
Heating Boiler
Cooling None
Inclusions Building
Fireplace No
Exterior
Parking Features Asphalt, Parking Lot
Utilities Available Electric Common, Hot Water Common
Present Use Residential
Building
Story Two
Foundation 4154
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Rochester
Listed by Alex Brainard • Harbor Realty & Management Gro