Side-by-Side Duplex with
For Sale
$275,000
1013 9th Street NE, Rochester, MN 55906
Residential Income, Rochester, MN
Property Size1,400 SF
Lot Size0.14 Acres
Price / SF$196.43
Days on Market99
Property Features for 1013 9th Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2, Basement, Bedroom 2
Parking features
Garage - Detached
Exterior features
Vinyl
Subdivision
Silver Lake Sub
Elementary school
Jefferson
Middle school
Kellogg
High school
Century
High school district
Rochester
Directions
From 11th Ave NE, turn west on 9th St NE, home on right
Standard status
Active
APN
743621021432
Size
1,400 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4184
Utilities
Heating system
Forced Air
Amenities
onsite laundry
Building Details
Year built
1954
Listing Agency:
Infinity Real Estate
(507) 550-1052
Listed By:
Jonathan Espy
(507) 273-2261
Added: Jun 29
Changed: Sep 24
Last Checked: Oct 5 at 4:06PM
MLS# 7098404
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.
Built in 1954, this 1,400-square-foot side-by-side duplex contains a two-bedroom unit and a one-bedroom unit. Both residences connect to the full basement, which provides onsite laundry. The property has vinyl exterior siding, forced-air heat, and a detached one-car garage. The garage may provide an additional income option, as noted in the property information.
The 0.137-acre property is located at 1013 9th Street NE in Rochester, Minnesota, less than a block from Silver Lake Park and near Jefferson Elementary. Tenants pay utilities, while lawn care, snow removal, and garbage service remain the owner's responsibility.
The 0.137-acre property is located at 1013 9th Street NE in Rochester, Minnesota, less than a block from Silver Lake Park and near Jefferson Elementary. Tenants pay utilities, while lawn care, snow removal, and garbage service remain the owner's responsibility.
Key Highlights
- Side‑by‑side duplex with 1,400 square feet of property size
- Unit mix includes 2 bedrooms and 1 bedroom
- Full basement access for both units with onsite laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,082
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,640
$301.6K
Cap Rate 7%
$215,457
$215.5K
Cap Rate 9%
$167,578
$167.6K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$22.7K $16.20/SF
− Vacancy
−$1.1K −$0.81/SF
EGI
$21.5K $15.39/SF
− OpEx
−$6.5K −$4.62/SF
NOI
$15.1K $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%
$301,640
Cap Rate 7%
$215,457
Cap Rate 9%
$167,578
Alternative Uses
Best Use
Multifamily LT 5
$215.5K
$188.5K – $251.4K
NOI $15,082 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$189.1K
$165.5K – $220.6K
NOI $13,236 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$539.2K
$471.8K – $629.1K
NOI $37,745 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
Business Placement
Demographics for 55906, MN
19,559
Population
8,798
Households
2.2
Avg Household Size
41
Median Age
53%
College-Educated
95%
High-School Grad
61.5 sq mi
ZIP Area
318
Density / Sq Mi
$104,146
Median Household Income
$54,380
Median Earnings
$1,152
Median Rent
$350,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct units share basement access, onsite laundry, and a detached garage in a residential Rochester setting.
Where is this duplex located?
The property is located at 1013 9th Street NE Rochester, MN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 1,400 square feet of property size; Unit mix includes 2 bedrooms and 1 bedroom; Full basement access for both units with onsite laundry
