Occupied Duplex with Detached
1219 Center St W, Rochester, MN 55902
For Sale
$339,900
Two-unit residential property with leased occupancy, distinct unit features, and a detached garage near major Rochester destinations.
Property Size2,238 SF
Price / SF$151.88
Days on Market51
Property Features for 1219 Center St W
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Stories
Listing Agency:
Keller Williams Premier Realty
Listed By:
Mike Wilson
(701) 590-3583
Source:
Homesminn
Added: Sep 20
Changed: Oct 26
Last Checked: Oct 7 at 3:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Premier Realty
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Investment Insights
Based on property information with market context.
This duplex contains 2,238 square feet and is fully occupied under long-term lease agreements. The main-level residence features hardwood flooring and updated tile, while the upper unit includes a den and an additional bonus room on the third level. The lower level has been finished, adding usable interior space to the property. A detached two-car garage serves the building.
The property is in Rochester’s Kutzky Park area, within walking distance of St. Marys, Gonda, and downtown. Its two-unit configuration, existing occupancy, and varied interior spaces provide a clear residential income profile for an owner or investor seeking an established duplex asset.
The property is in Rochester’s Kutzky Park area, within walking distance of St. Marys, Gonda, and downtown. Its two-unit configuration, existing occupancy, and varied interior spaces provide a clear residential income profile for an owner or investor seeking an established duplex asset.
Key Highlights
- Fully occupied duplex with long‑term lease agreements
- 2,238 square feet of residential space
- Main unit includes hardwood floors and updated tile
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,110
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,200
$482.2K
Cap Rate 7%
$344,429
$344.4K
Cap Rate 9%
$267,889
$267.9K
Market Conditions
NOI Build-Up for 2,238 SF
Gross rent
$36.3K $16.20/SF
− Vacancy
−$1.8K −$0.81/SF
EGI
$34.4K $15.39/SF
− OpEx
−$10.3K −$4.62/SF
NOI
$24.1K $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%
$482,200
Cap Rate 7%
$344,429
Cap Rate 9%
$267,889
Alternative Uses
Best Use
Multifamily LT 5
$344.4K
$301.4K – $401.8K
NOI $24,110 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$302.3K
$264.5K – $352.7K
NOI $21,159 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$862.0K
$754.2K – $1.01M
NOI $60,338 @ 7.0% cap · market cap 17.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,188
Businesses Nearby
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Business Placement
Demographics for 55902, MN
25,878
Population
11,954
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
41.1 sq mi
ZIP Area
630
Density / Sq Mi
$111,879
Median Household Income
$68,869
Median Earnings
$1,580
Median Rent
$430,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Rochester, MN
Properties on Market for Duplexes in Rochester
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with leased occupancy, distinct unit features, and a detached garage near major Rochester destinations.
Where is this duplex located?
The property is located at 1219 Center St W Rochester, MN.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Fully occupied duplex with long‑term lease agreements; 2,238 square feet of residential space; Main unit includes hardwood floors and updated tile
