Side-by-Side Duplex with
For Sale
$275,000
1013 9th St NE, Rochester, MN 55906
Two units include full basement access, on-site laundry, and a one-car garage.
Property Size1,400 SF
Price / SF$196.43
Days on Market58
Property Features for 1013 9th St NE
General Information
Standard status
Active
Size
1,400 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Amenities
on-site laundry
Building Details
Year Built
1954
Buildings
1
Listing Agency:
Infinity Real Estate
Listed By:
Jonathan Espy
(507) 550-1052
Source:
Searchhousesnow
Added: Aug 9
Changed: Oct 4
Last Checked: Oct 4 at 11:29AM
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 Infinity Real Estate
Investment Insights
Based on property information with market context.
Purpose-built side-by-side duplex with approximately 1,400 square feet and a 1954 construction date. The property includes one two-bedroom unit and one one-bedroom unit, with both units having access to the full basement and on-site laundry. A one-car garage is also included.
Located less than a block from Silver Lake Park and near Jefferson Elementary, the property offers established residential surroundings. Tenants pay utilities, while lawn care, snow removal, and garbage service remain the owner’s responsibility.
Located less than a block from Silver Lake Park and near Jefferson Elementary, the property offers established residential surroundings. Tenants pay utilities, while lawn care, snow removal, and garbage service remain the owner’s responsibility.
Key Highlights
- Purpose‑built side‑by‑side duplex, not a converted home
- Unit mix includes one 2‑bedroom unit and one 1‑bedroom unit
- Approximately 1,400 square feet; built in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,082
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,640
$301.6K
Cap Rate 7%
$215,457
$215.5K
Cap Rate 9%
$167,578
$167.6K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$22.7K $16.20/SF
− Vacancy
−$1.1K −$0.81/SF
EGI
$21.5K $15.39/SF
− OpEx
−$6.5K −$4.62/SF
NOI
$15.1K $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%
$301,640
Cap Rate 7%
$215,457
Cap Rate 9%
$167,578
Alternative Uses
Best Use
Multifamily LT 5
$215.5K
$188.5K – $251.4K
NOI $15,082 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$189.1K
$165.5K – $220.6K
NOI $13,236 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$539.2K
$471.8K – $629.1K
NOI $37,745 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
Business Placement
Demographics for 55906, MN
19,559
Population
8,798
Households
2.2
Avg Household Size
41
Median Age
53%
College-Educated
95%
High-School Grad
61.5 sq mi
ZIP Area
318
Density / Sq Mi
$104,146
Median Household Income
$54,380
Median Earnings
$1,152
Median Rent
$350,000
Median Home Value
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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 - Two units include full basement access, on-site laundry, and a one-car garage.
Where is this duplex located?
The property is located at 1013 9th St NE Rochester, MN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Purpose‑built side‑by‑side duplex, not a converted home; Unit mix includes one 2‑bedroom unit and one 1‑bedroom unit; Approximately 1,400 square feet; built in 1954
