Duplex with 2025
For Sale
$295,000
215 6th Street NW, Rochester, MN 55901
Residential Income, Rochester, MN
Property Size1,366 SF
Lot Size0.13 Acres
Price / SF$215.96
Days on Market49
Property Features for 215 6th Street NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 2
Parking features
Covered, Driveway, Garage - Detached
Exterior features
Wood
Subdivision
Northern Add
Lot features
Tree Coverage - Light
Elementary school
Harriet Bishop
Middle school
John Adams
High school
John Marshall
High school district
Rochester
Directions
Follow US-52 S to Civic Center Dr NW in Rochester. Take exit 56A from US-52 S Continue on Civic Center Dr NW. Drive to 6th St NW
Standard status
Active
APN
743513015691
Size
1,366 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3592
Utilities
Heating system
Forced Air
Amenities
enclosed front porch
outdoor deck
shared laundry
off street parking
Building Details
Year built
1900
Building materials
Stone
Listing Agency:
Re/Max Results · RE/MAX International
(507) 288-1111
Listed By:
Robin Gwaltney
(952) 829-2900
Added: Jul 19
Changed: Sep 1
Last Checked: Sep 5 at 6:06AM
MLS# 7111855
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,366-square-foot duplex contains two separate residences, with one apartment on the main floor and the other upstairs. Each unit offers 2 bedrooms and 1 bathroom. An enclosed front porch adds seasonal space, while the upper apartment has access to an outdoor deck. The basement provides shared laundry, and parking is available behind the building through a detached garage and driveway.
The property sits on a 0.13-acre lot at 215 6th Street NW in Rochester, near downtown and Mayo Clinic. Improvements completed in 2025 include a new roof, siding, windows, and furnace. The two-unit configuration supports either owner occupancy or continued use as a rental property.
The property sits on a 0.13-acre lot at 215 6th Street NW in Rochester, near downtown and Mayo Clinic. Improvements completed in 2025 include a new roof, siding, windows, and furnace. The two-unit configuration supports either owner occupancy or continued use as a rental property.
Key Highlights
- Two‑unit duplex with 1,366 square feet of property size
- Each unit includes 2 bedrooms and 1 bathroom
- 2025 improvements include a new roof, siding, windows, and furnace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,716
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$294,320
$294.3K
Cap Rate 7%
$210,229
$210.2K
Cap Rate 9%
$163,511
$163.5K
Market Conditions
NOI Build-Up for 1,366 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.1K $16.20/SF
− Vacancy
−$1.1K −$0.81/SF
EGI
$21.0K $15.39/SF
− OpEx
−$6.3K −$4.62/SF
NOI
$14.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$294,320
Cap Rate 7%
$210,229
Cap Rate 9%
$163,511
Alternative Uses
Best Use
Multifamily LT 5
$210.2K
$184.0K – $245.3K
NOI $14,716 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$184.5K
$161.4K – $215.3K
NOI $12,915 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$526.1K
$460.4K – $613.8K
NOI $36,828 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,160
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
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-level layout includes shared basement laundry, an enclosed porch, upper-unit deck access, and parking behind the property.
Where is this duplex located?
The property is located at 215 6th Street NW Rochester, MN.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,366 square feet of property size; Each unit includes 2 bedrooms and 1 bathroom; 2025 improvements include a new roof, siding, windows, and furnace
