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    1902 1/2 St Rochester, MN 55904

    Sponsored
    For Sale
    $6,395,000

    High-yield, 80-unit multifamily investment.

    Property size:
    93,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 80-unit multifamily investment opportunity is located in the heart of desirable Rochester, Minnesota. The portfolio comprises ten buildings situated on two adjacent parcels totaling 5.45 acres, offering significant potential for future expansion. With a total of 93,600 square feet, the property boasts 75 three-bedroom, two-bathroom units and 5 two-bedroom, two-bathroom units. Currently, 76 of the 80 units are actively occupied. Built in 1979, the buildings are well-maintained and feature solid construction and quality finishes throughout. Most units underwent renovations since 2016 by the current ownership. The property benefits from below-market rental rates, presenting a clear value-add opportunity for the astute investor. Further development potential exists, with the possibility of constructing an additional 4-5 buildings (subject to necessary approvals). The property is enrolled in the 4(d) affordable housing program. Zoned R3 Medium Density Residential, this portfolio offers a compelling blend of immediate income generation and long-term growth potential in a thriving market. The property's size and location make it an ideal investment for those seeking a substantial and stable return. This is a rare opportunity to acquire a significant multifamily portfolio in a prime Rochester location.

    Property Features for 1902 1/2 St

    General Information

    Property type
    Residential income properties
    Square Feet
    93,600 SF
    Lot Size
    237,402 SF

    Building Details

    Year Built
    1978
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.43469
    Latitude
    44.01413

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    FAQs

    What type of property is this?
    Residential income property - High-yield, 80-unit multifamily investment.
    Where is this residential income property located?
    The property is located at 1902 1/2 St Rochester, MN.
    What is the asking price?
    The asking price for this property is $6,395,000.
    (651) 251-4800
    Request Owner's contact information
    1902 1/2 St Rochester, MN 55904
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1902 1/2 St Rochester, MN 55904
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