Triplex With Heated
26 21st St SW, Rochester, MN 55902
For Sale
$455,000
Four-level property with multiple outdoor areas, a landscaped backyard, and a two-car garage.
Property Size2,031 SF
Price / SF$224.03
Days on Market99
Property Features for 26 21st St SW
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Real Estate Directory
Listed By:
Myron Lund
(507) 951-1285
Source:
Searchhousesnow
Added: Aug 6
Changed: Nov 1
Last Checked: Nov 10 at 2:13PM
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 Real Estate Directory
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-level triplex includes three residential units, a basement unit used as the owner’s residence, and several recent upgrades. The lower-level space may be finished and inspected for possible addition to the rent roll. Outdoor improvements include a private in-ground heated pool, landscaped backyard, large poolside patio, two decks, and three porches. The yard is described as low maintenance. Parking includes a two-car garage, two spaces near the garage, and one to two additional spaces at the rear. Located at 26 21st St SW in Rochester, Minnesota, the property combines multifamily configuration with extensive private outdoor amenities.
Key Highlights
- Triplex arranged across four levels
- Private in‑ground heated pool with large surrounding patio
- Two decks, three porches, and landscaped backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,880
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,600
$437.6K
Cap Rate 7%
$312,571
$312.6K
Cap Rate 9%
$243,111
$243.1K
Market Conditions
NOI Build-Up for 2,031 SF
Gross rent
$32.9K $16.20/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$31.3K $15.39/SF
− OpEx
−$9.4K −$4.62/SF
NOI
$21.9K $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%
$437,600
Cap Rate 7%
$312,571
Cap Rate 9%
$243,111
Alternative Uses
Best Use
Multifamily LT 5
$312.6K
$273.5K – $364.7K
NOI $21,880 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$274.3K
$240.0K – $320.0K
NOI $19,202 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$782.2K
$684.5K – $912.6K
NOI $54,757 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 55902, MN
25,878
Population
11,954
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
41.1 sq mi
ZIP Area
630
Density / Sq Mi
$111,879
Median Household Income
$68,869
Median Earnings
$1,580
Median Rent
$430,100
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?
Triplex - Four-level property with multiple outdoor areas, a landscaped backyard, and a two-car garage.
Where is this triplex located?
The property is located at 26 21st St SW Rochester, MN.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Triplex arranged across four levels; Private in‑ground heated pool with large surrounding patio; Two decks, three porches, and landscaped backyard
