119 8th Avenue SE Rochester, MN 55904
MULTI_FAMILY - Rochester, MN
- Added:
- Jun 24, 2026
- Days on Market:
- 18
- Last Refresh:
- Jul 11 at 4:06 pm
Property Features for 119 8th Avenue SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Basement
- Parking features
- Garage - Detached
- Exterior features
- Steel Siding
- Standard status
- Pending
- APN
- 743634026565
- Size
- 1,496 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3017
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1910
- Roof type
- Shingle
Listing agent Daniel Kingsley (612) 751-9303
Listing office eXp Realty 4525 White Bear Lake Pkwy, Suite 122, White Bear Lake, MN (612) 751-9303
Listing date Jun 24, 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.
Investment Insights
Based on property information with market context.
The property is located at 119 8th Avenue SE in Rochester, Minnesota, in Olmsted County. The public remarks note the home is just blocks from downtown, with the convenience of being close to the city center.
For tenants, the layout supports independent use of each unit, and the rental certificate process is documented through the provided repair list. For buyers, the property can be used as either a dual-rental asset or an owner-occupied option paired with rental income from the other unit. The listing also notes there are currently no rent rolls because the most recent owner has not rented the property out.
Key Highlights
- Duplex built in 1910 with two bedrooms and multiple bathrooms, plus a basement
- Maintenance‑free steel siding and a shingle roof
- Forced air heating
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 | $24.2k | $16.20 |
| − Vacancy | −$1.2k | −$0.81 |
| EGI | $23.0k | $15.39 |
| − OpEx | −$6.9k | −$4.62 |
| NOI | $16.1k | $10.77 |
