Duplex with Off-Street
For Sale
$354,900
926 2nd St NW, Rochester, MN 55901
Two residential units feature two-bedroom, one-bath layouts with on-site parking.
Property Size2,016 SF
Price / SF$176.04
Days on Market78
Property Features for 926 2nd St NW
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1915
Listing Agency:
Re/Max Results
Listed By:
Travis Brevig · License #40416867
(507) 272-9059
Source:
Vibemn
Added: Jul 20
Changed: Oct 3
Last Checked: Oct 4 at 11:45AM
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 Re/Max Results
Investment Insights
Based on property information with market context.
This duplex contains two residential units, with each residence arranged as a two-bedroom, one-bath home. The property encompasses 2,016 square feet and was constructed in 1915. Off-street parking is provided on site for residents.
Located at 926 2nd St NW in Rochester, Minnesota, the property is near Saint Marys and Mayo Clinic. Its two-unit configuration, established construction, and separate residential layouts define the asset’s physical profile.
Located at 926 2nd St NW in Rochester, Minnesota, the property is near Saint Marys and Mayo Clinic. Its two-unit configuration, established construction, and separate residential layouts define the asset’s physical profile.
Key Highlights
- Two residential units, each with two bedrooms and one bathroom
- 2,016 square feet of property size
- Off‑street parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,718
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,360
$434.4K
Cap Rate 7%
$310,257
$310.3K
Cap Rate 9%
$241,311
$241.3K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$32.7K $16.20/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$31.0K $15.39/SF
− OpEx
−$9.3K −$4.62/SF
NOI
$21.7K $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%
$434,360
Cap Rate 7%
$310,257
Cap Rate 9%
$241,311
Alternative Uses
Best Use
Multifamily LT 5
$310.3K
$271.5K – $362.0K
NOI $21,718 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$272.3K
$238.3K – $317.7K
NOI $19,060 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$776.5K
$679.4K – $905.9K
NOI $54,353 @ 7.0% cap · market cap 15.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
Explore this area
Business Placement
Demographics for 55901, MN
58,046
Population
24,852
Households
2.3
Avg Household Size
36
Median Age
50%
College-Educated
94%
High-School Grad
33.1 sq mi
ZIP Area
1,754
Density / Sq Mi
$90,430
Median Household Income
$52,778
Median Earnings
$1,321
Median Rent
$290,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature two-bedroom, one-bath layouts with on-site parking.
Where is this duplex located?
The property is located at 926 2nd St NW Rochester, MN.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: Two residential units, each with two bedrooms and one bathroom; 2,016 square feet of property size; Off‑street parking included
