Two-Unit Duplex with Attached
For Sale
$246,900
1033 3rd Avenue SE, Rochester, MN 55904
Residential Income, Rochester, MN
Property Size1,572 SF
Lot Size0.09 Acres
Price / SF$157.06
Days on Market14
Property Features for 1033 3rd Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Laundry Room, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bathroom 1
Parking features
Driveway, Garage - Attached
Subdivision
Sunnyside Add
Lot features
Public Transit (w/in 6 blks)
Elementary school
Ben Franklin
Middle school
Willow Creek
High school
Mayo
High school district
Rochester
Directions
From Broadway, go east on 12th Street SE, turn north on 3rd Avenue SE, house will be on the left (west side).
Standard status
Active
APN
640244021871
Size
1,572 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2730
Utilities
Heating system
Forced Air
Building Details
Year built
1941
Building materials
Frame
Roof type
Flat, Shingle
Listing Agency:
Re/Max Results · RE/MAX International
(507) 288-1111
Listed By:
Christopher Hus
(952) 829-2900
Added: Sep 22
Changed: Oct 1
Last Checked: Oct 5 at 7:06PM
MLS# 7149538
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 1941, this 1,572-square-foot duplex has two separate residences and an attached garage. The main-floor unit includes two bedrooms, hardwood flooring, a kitchen with maple cabinetry, and a full bathroom. Upstairs, the layout can accommodate two bedrooms or one bedroom and a living room; the unit also has a compact kitchen and full bathroom. Hardwood flooring extends through the upper living area, with carpet in its bedroom.
Both units use the shared basement, which provides storage and houses the washer and dryer. Each residence has a separate 100-amp electrical service panel. The roof was replaced in 2026, and a new furnace was installed in 2021. The property occupies a 0.087-acre lot in Rochester, Minnesota.
Both units use the shared basement, which provides storage and houses the washer and dryer. Each residence has a separate 100-amp electrical service panel. The roof was replaced in 2026, and a new furnace was installed in 2021. The property occupies a 0.087-acre lot in Rochester, Minnesota.
Key Highlights
- Two‑unit duplex with 1,572 square feet on a 0.087‑acre lot
- Separate 100‑amp electrical service panel for each unit
- Main‑floor residence has two bedrooms and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,935
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,700
$338.7K
Cap Rate 7%
$241,929
$241.9K
Cap Rate 9%
$188,167
$188.2K
Market Conditions
NOI Build-Up for 1,572 SF
Gross rent
$25.5K $16.20/SF
− Vacancy
−$1.3K −$0.81/SF
EGI
$24.2K $15.39/SF
− OpEx
−$7.3K −$4.62/SF
NOI
$16.9K $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%
$338,700
Cap Rate 7%
$241,929
Cap Rate 9%
$188,167
Alternative Uses
Best Use
Multifamily LT 5
$241.9K
$211.7K – $282.3K
NOI $16,935 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$212.3K
$185.8K – $247.7K
NOI $14,862 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$605.5K
$529.8K – $706.4K
NOI $42,382 @ 7.0% cap · market cap 17.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
826
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Each residence has its own 100-amp electrical panel, with laundry and storage in a shared basement.
Where is this duplex located?
The property is located at 1033 3rd Avenue SE Rochester, MN.
What is the asking price?
The asking price for this property is $246,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,572 square feet on a 0.087‑acre lot; Separate 100‑amp electrical service panel for each unit; Main‑floor residence has two bedrooms and hardwood floors
