Four-Unit Multifamily
New
For Sale
$500,000
1347 6th Ave Se, Rochester, MN 55904
A varied one- and two-bedroom layout includes on-site laundry and a detached garage with a stall for each residence.
Property Size3,520 SF
Price / SF$142.05
Days on Market5
Property Features for 1347 6th Ave Se
General Information
Standard status
Active
Size
3,520 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
3 x 2BR, 1 x 1BR
Multifamily Units
4
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$6,460
Amenities
on-site laundry room
Listing Agency:
eXp Realty
(320) 500-4397
Listed By:
Mike Swenson
(612) 978-4485
Source:
Exprealty
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:35PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 3,520-square-foot quadplex contains four apartments: three with two bedrooms and one with a single bedroom. An on-site laundry room serves the property, and a detached garage provides four parking stalls, with one assigned to each unit. Occupancy is 100%, with tenants in place.
The property is in Rochester, close to downtown, at 1347 6th Ave SE. A multifamily property next door at 1341 6th Ave SE is also listed for sale.
The property is in Rochester, close to downtown, at 1347 6th Ave SE. A multifamily property next door at 1341 6th Ave SE is also listed for sale.
Key Highlights
- Four apartments: three two‑bedroom units and one one‑bedroom unit
- 3,520 square feet
- 100% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,921
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,420
$758.4K
Cap Rate 7%
$541,729
$541.7K
Cap Rate 9%
$421,344
$421.3K
Market Conditions
NOI Build-Up for 3,520 SF
Gross rent
$57.0K $16.20/SF
− Vacancy
−$2.9K −$0.81/SF
EGI
$54.2K $15.39/SF
− OpEx
−$16.3K −$4.62/SF
NOI
$37.9K $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%
$758,420
Cap Rate 7%
$541,729
Cap Rate 9%
$421,344
Alternative Uses
Best Use
Multifamily LT 5
$541.7K
$474.0K – $632.0K
NOI $37,921 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$475.4K
$416.0K – $554.7K
NOI $33,280 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,901 @ 7.0% cap · market cap 18.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
857
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
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
Frequently Asked Questions
What type of property is this?
Quadplex - A varied one- and two-bedroom layout includes on-site laundry and a detached garage with a stall for each residence.
Where is this quadplex located?
The property is located at 1347 6th Ave Se Rochester, MN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Four apartments: three two‑bedroom units and one one‑bedroom unit; 3,520 square feet; 100% occupancy
