Updated Duplex with Private
For Sale
$279,900
904 1st St SE, Rochester, MN 55904
Two apartments include individual laundry, garage stalls, off-street parking, and basement storage.
Property Size1,792 SF
Price / SF$156.19
Days on Market41
Property Features for 904 1st St SE
General Information
Standard status
Active
Size
1,792 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
in-unit laundry
basement storage
Building Details
Year Built
1915
Listing Agency:
National Realty Guild
Listed By:
Nathan Thorvilson
(651) 494-4000
Source:
Bradadamrealty
Added: Aug 26
Changed: Sep 12
Last Checked: Oct 4 at 2:38PM
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 National Realty Guild
Investment Insights
Based on property information with market context.
This 1,792-square-foot duplex, built in 1915, contains two apartments arranged across the main and upper levels. The main residence provides two bedrooms and one bath, along with a full unfinished basement for storage and in-unit laundry. Upstairs, the one-bedroom, one-bath apartment has an open layout and its own laundry. Each apartment includes one garage stall, with additional off-street parking available.
Located at 904 1st St SE in Rochester, the property is within walking distance of Mayo Clinic, Mayo Field, downtown activities, Riverfest, and river walking paths. The upper apartment is vacant, while the main-level resident has occupied that unit for years and would like to remain long-term.
Located at 904 1st St SE in Rochester, the property is within walking distance of Mayo Clinic, Mayo Field, downtown activities, Riverfest, and river walking paths. The upper apartment is vacant, while the main-level resident has occupied that unit for years and would like to remain long-term.
Key Highlights
- 1,792 SF duplex built in 1915
- Main‑level 2‑bedroom, 1‑bath apartment with full unfinished basement
- Upper‑level 1‑bedroom, 1‑bath apartment with open floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,305
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,100
$386.1K
Cap Rate 7%
$275,786
$275.8K
Cap Rate 9%
$214,500
$214.5K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$29.0K $16.20/SF
− Vacancy
−$1.5K −$0.81/SF
EGI
$27.6K $15.39/SF
− OpEx
−$8.3K −$4.62/SF
NOI
$19.3K $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%
$386,100
Cap Rate 7%
$275,786
Cap Rate 9%
$214,500
Alternative Uses
Best Use
Multifamily LT 5
$275.8K
$241.3K – $321.8K
NOI $19,305 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$242.0K
$211.8K – $282.4K
NOI $16,942 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$690.2K
$603.9K – $805.2K
NOI $48,313 @ 7.0% cap · market cap 17.26%
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
673
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
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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 apartments include individual laundry, garage stalls, off-street parking, and basement storage.
Where is this duplex located?
The property is located at 904 1st St SE Rochester, MN.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 1,792 SF duplex built in 1915; Main‑level 2‑bedroom, 1‑bath apartment with full unfinished basement; Upper‑level 1‑bedroom, 1‑bath apartment with open floor plan
