Two-Story Duplex with Main-Level
For Sale
$199,900
1009 E Center Street, Rochester, MN 55904
MULTI_FAMILY - Rochester, MN
Property Size1,488 SF
Lot Size0.17 Acres
Price / SF$134.34
Days on Market189
Property Features for 1009 E Center Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Basement, Bedroom 2, Bathroom 2
Parking features
Guest, Driveway
Exterior features
Steel Siding
Subdivision
Elliott & Hoffmans
Lot features
Public Transit (w/in 6 blks)
Elementary school
Riverside Central
Middle school
Kellogg
High school
Century
High school district
Rochester
Directions
South of 7th Street NE on 11th Ave NE. Turn west into the alley just before Center Street. Property is on the left.
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 Agency:
Larson Realty
(507) 288-2345
Listed By:
David Gibson
(507) 271-4125
Added: Jan 28
Changed: Aug 3
Last Checked: Aug 5 at 9:06PM
MLS# 7014543
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 two-story duplex at 1009 E Center Street offers a practical owner-occupied setup with income support. The main level is vacant, providing the option for an owner to occupy and run it as a rental. Upstairs, the tenant has signed a long-term lease to provide additional stability for a new owner.
The property includes recent improvements such as new egress windows and a new front door in the main level apartment, along with other recent updates. Built in 1910, it is framed construction with steel siding and a shingle roof. Heating is forced air.
With 0.17 acres and 1,488 SF, the home also includes driveway and guest parking. It’s described as a short walk from the Mayo Clinic, adding convenience for occupants.
Overall, this is a compact duplex configuration that supports either owner-occupancy on the main level or a straightforward two-unit rental approach.
The property includes recent improvements such as new egress windows and a new front door in the main level apartment, along with other recent updates. Built in 1910, it is framed construction with steel siding and a shingle roof. Heating is forced air.
With 0.17 acres and 1,488 SF, the home also includes driveway and guest parking. It’s described as a short walk from the Mayo Clinic, adding convenience for occupants.
Overall, this is a compact duplex configuration that supports either owner-occupancy on the main level or a straightforward two-unit rental approach.
Key Highlights
- Main level apartment is vacant for owner‑occupied rental use
- Upstairs tenant signed a long‑term lease
- New main‑level egress windows plus new front door; other recent updates
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 |
1,488 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$229.0K
$200.4K – $267.2K
NOI $16,030 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$201.0K
$175.9K – $234.5K
NOI $14,068 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$573.1K
$501.5K – $668.6K
NOI $40,117 @ 7.0% cap · market cap 20.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 55904, MN
29,813
Population
12,984
Households
2.3
Avg Household Size
35
Median Age
37%
College-Educated
93%
High-School Grad
60.1 sq mi
ZIP Area
496
Density / Sq Mi
$76,434
Median Household Income
$47,250
Median Earnings
$1,253
Median Rent
$237,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex with main level vacant for owner-occupied rental, plus an upstairs tenant on a long-term lease.
Where is this duplex located?
The property is located at 1009 E Center Street Rochester, MN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Main level apartment is vacant for owner‑occupied rental use; Upstairs tenant signed a long‑term lease; New main‑level egress windows plus new front door; other recent updates
