Listing Agency: Realty Growth Incorporated d***@rgi-group.com Show Phone

Listed By: Matt Gove · License #Minnesota

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Aug 31 at 10:23AM

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Investment Insights

Based on property information with market context.

This apartment property comprises nine residential units at 20 8th St NE in Rochester, Minnesota. The asset is classified as an apartment building within a multifamily property category.

The property is situated in Lowertown Rochester, with proximity to downtown. Its nine-unit configuration provides a clearly defined multifamily format for prospective ownership or operation.

Key Highlights

• Nine‑unit apartment property
• Located in Lowertown Rochester
• Near downtown Rochester

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Locksmith Catering Service Pet Grooming Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9

Residential units

Location Intelligence

Trade Area within ½ mile

4,106

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property positioned near downtown Rochester.

Where is this apartment building located?

The property is located at 20 8th St NE Rochester, MN.

What are key features of this property?

This property features: Nine‑unit apartment property; Located in Lowertown Rochester; Near downtown Rochester