Fully Occupied 5-Unit Apartment
For Sale
$450,000
123 11th Avenue SE, Rochester, MN 55904
Fully occupied five-unit multifamily property with city approval to build a 19-unit complex.
Property Size5,650 SF
Price / SF$79.65
Days on Market92
Property Features for 123 11th Avenue SE
General Information
Standard status
Active
Size
5,650 SF
Property subtype
Commercial
Zoning
Residential-Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$5,138
Building Details
Building Size
5,650 SF
Year Built
1910
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
Harbor Realty & Management Gro
(507) 722-2804
Listed By:
Alex Brainard
(507) 722-2804
Source:
Juverealestate
Added: May 13
Changed: Aug 8
Last Checked: Aug 11 at 2:43PM
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 Harbor Realty & Management Gro
Investment Insights
Based on property information with market context.
This fully occupied 5-unit multifamily property offers immediate rental income and a turnkey setup for an owner looking to purchase a stabilized asset. The property consists of five apartment units within a single building and totals 5,650 square feet, providing an income-producing foundation for ownership.
The property is located at 123 11th Avenue SE in Rochester, Minnesota. In addition to the existing 5-unit building, the lot has city approval to build a 19-unit complex, providing an additional development path while preserving current income from day one.
The property is located at 123 11th Avenue SE in Rochester, Minnesota. In addition to the existing 5-unit building, the lot has city approval to build a 19-unit complex, providing an additional development path while preserving current income from day one.
Key Highlights
- Fully occupied 5‑unit multifamily property with consistent tenant occupancy
- Year built 1910 multifamily building
- City approval on the lot to build a 19‑unit complex
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
55
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied five-unit multifamily property with city approval to build a 19-unit complex.
Where is this apartment building located?
The property is located at 123 11th Avenue SE Rochester, MN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully occupied 5‑unit multifamily property with consistent tenant occupancy; Year built 1910 multifamily building; City approval on the lot to build a 19‑unit complex
