Side-by-Side Duplex with
For Sale
$384,000
2920 18 Avenue NW, Rochester, MN 55901
Residential Income, Rochester, MN
Property Size2,496 SF
Lot Size0.19 Acres
Price / SF$153.85
Days on Market131
Property Features for 2920 18 Avenue NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Basement, Bathroom 2
Parking features
Driveway, Garage - Detached
Exterior features
Fiber Board
Subdivision
Crescent Park 10th
Lot features
Public Transit (w/in 6 blks)
Elementary school
Elton Hills
Middle school
John Adams
High school
John Marshall
High school district
Rochester
Directions
Hwy 52. Take 37th St exit EAST. Right on 18th Ave NW. Duplex is on the left.
Standard status
Active
APN
742242004854
Size
2,496 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5172
Utilities
Heating system
Baseboard, Oil
Amenities
in-unit laundry
Building Details
Year built
1977
Building materials
Frame
Roof type
Shingle
Listing Agency:
Wightman-Brock Real Estate Advisors
(507) 509-2879
Listed By:
Ron Wightman
(651) 274-0536
Added: May 28
Changed: Sep 24
Last Checked: Oct 5 at 5:06PM
MLS# 7080386
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.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 2,496 square feet, with approximately 1,200 square feet in each unit. Built in 1977, the property offers private exterior entrances and a detached single-car garage space for each side. The layout places the living room, dining area, and kitchen on the upper level, with two bedrooms, a full bathroom, and in-unit laundry below.
Separately metered utilities enable tenants to pay utility costs directly. Flexible current lease terms provide options for future occupancy or continued rental use. The property is located at 2920 18 Avenue NW in Rochester’s NW Crescent Park neighborhood and is served by the bus line.
Separately metered utilities enable tenants to pay utility costs directly. Flexible current lease terms provide options for future occupancy or continued rental use. The property is located at 2920 18 Avenue NW in Rochester’s NW Crescent Park neighborhood and is served by the bus line.
Key Highlights
- 2,496 square feet with approximately 1,200 square feet per unit
- Side‑by‑side duplex configuration with private exterior entrances
- Each unit includes a detached single‑car garage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,889
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,780
$537.8K
Cap Rate 7%
$384,129
$384.1K
Cap Rate 9%
$298,767
$298.8K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$40.4K $16.20/SF
− Vacancy
−$2.0K −$0.81/SF
EGI
$38.4K $15.39/SF
− OpEx
−$11.5K −$4.62/SF
NOI
$26.9K $10.77/SF
Area
Rochester, MN
Vacancy
5.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,780
Cap Rate 7%
$384,129
Cap Rate 9%
$298,767
Alternative Uses
Best Use
Multifamily LT 5
$384.1K
$336.1K – $448.2K
NOI $26,889 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$337.1K
$295.0K – $393.3K
NOI $23,598 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$961.3K
$841.2K – $1.12M
NOI $67,294 @ 7.0% cap · market cap 17.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
Business Placement
Demographics for 55901, MN
58,046
Population
24,852
Households
2.3
Avg Household Size
36
Median Age
50%
College-Educated
94%
High-School Grad
33.1 sq mi
ZIP Area
1,754
Density / Sq Mi
$90,430
Median Household Income
$52,778
Median Earnings
$1,321
Median Rent
$290,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-level units feature private entrances, in-unit laundry, separate utility metering, and detached garage parking.
Where is this duplex located?
The property is located at 2920 18 Avenue NW Rochester, MN.
What is the asking price?
The asking price for this property is $384,000.
What are key features of this property?
This property features: 2,496 square feet with approximately 1,200 square feet per unit; Side‑by‑side duplex configuration with private exterior entrances; Each unit includes a detached single‑car garage space
