1009 E Center Street, Rochester, MN 55904
MULTI_FAMILY - Rochester, MN
- Added:
- Jan 28, 2026
- Days on Market:
- 154
- Last Refresh:
- Jul 1 at 7:06 am
Property Features for 1009 E Center Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 2, Basement, Bedroom 4, Bathroom 2, Bathroom 1
- Parking features
- Driveway, Guest
- Exterior features
- Steel Siding
- Standard status
- Active
- APN
- 743634005888
- Size
- 1,488 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3302
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1910
- Building materials
- Frame
- Roof type
- Shingle
Listing agent David Gibson (507) 271-4125
Listing office Larson Realty 1832 Spruce Meadows Dr SE, Rochester, MN (507) 288-2345
Listing date Jan 28, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑story duplex with main level vacant for owner‑occupied rental use; upstairs tenant signed a long‑term lease
- Short walk to the Mayo Clinic
- Year built 1910 with frame construction and steel siding
- Forced air heating and shingle roof
- Main level updates include new egress windows and a new front door, plus other recent updates
- Parking includes driveway and guest parking; includes basement
Overview
The property is located in Rochester, Minnesota at 1009 E Center Street, within walking distance of the Mayo Clinic, according to the public remarks. The lot size is 0.17 acres, and the total property size is listed as 1,488 square feet.
For buyers looking to live in one unit while renting the other, the vacant main level creates immediate flexibility. With an upstairs tenant already in place under a long-term lease, the duplex also fits investors seeking an owner-managed structure with current occupancy on one floor and the option to tailor the vacant unit to an owner’s preferences or leasing plans. Recent safety-related improvements to the main level, including the egress updates, support readiness for occupancy.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.1k | $16.20 |
| − Vacancy | −$1.2k | −$0.81 |
| EGI | $22.9k | $15.39 |
| − OpEx | −$6.9k | −$4.62 |
| NOI | $16.0k | $10.77 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.449596
- Latitude
- 44.023778
