1013 9th Street NE, Rochester, MN 55906
MULTI_FAMILY - Rochester, MN
- Added:
- Jun 29, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 1 at 4:06 am
Property Features for 1013 9th Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
- Parking features
- Garage - Detached
- Exterior features
- Vinyl
- 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
Building Details
- Year built
- 1954
Listing agent Jonathan Espy (507) 273-2261
Listing office Infinity Real Estate 2460 Broadway Ave N, Rochester, MN (507) 550-1052
Listing date Jun 29, 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
- Purpose‑built side‑by‑side duplex built in 1954
- 2‑bedroom unit and 1‑bedroom unit, both with access to the full basement
- Onsite laundry in the basement
- Detached 1‑car garage provides potential for additional rental income
- Tenants pay utilities except lawn, snow, and garbage
- Vinyl exterior with forced‑air heating; close to Silver Lake Park and Jefferson Elementary
Overview
The duplex is located in Rochester, MN, within less than a block of Silver Lake Park. It is also described as being near Jefferson Elementary, placing daily services and neighborhood conveniences within easy reach for tenants.
For owner-occupants or investors, the layout supports two distinct tenant households under one roof while keeping the living units separated. Tenants are responsible for utilities except lawn, snow, and garbage, which can help simplify operating expenses. With basement access and onsite laundry already in place, the property is set up to provide core in-unit functionality without relying on offsite services.
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 | $22.7k | $16.20 |
| − Vacancy | −$1.1k | −$0.81 |
| EGI | $21.5k | $15.39 |
| − OpEx | −$6.5k | −$4.62 |
| NOI | $15.1k | $10.77 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.449209
- Latitude
- 44.032825
