Duplex with On-Site
For Sale
$299,900
Pending
27 6th Avenue SE, Rochester, MN 55904
MULTI_FAMILY - Rochester, MN
Property Size2,070 SF
Lot Size0.13 Acres
Days on Market112
Property Features for 27 6th Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking features
Garage - Detached, Driveway
Exterior features
Metal
Subdivision
City Lands
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Light
Elementary school
Riverside Central
Middle school
Kellogg
High school
Century
High school district
Rochester
Directions
From Broadway, head E on Center St, turn right on 6th Ave SE, property on right.
Standard status
Pending
APN
743633026577
Size
2,070 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4954
Utilities
Heating system
Forced Air
Amenities
on site laundry
Building Details
Year built
1918
Building materials
Frame
Roof type
Shingle
Listing Agency:
Elcor Realty of Rochester Inc.
(507) 282-3345
Listed By:
Mark Anton
(507) 282-3345
Added: Apr 28
Changed: Aug 3
Last Checked: Aug 17 at 12:06AM
MLS# 7064499
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 well maintained duplex at 27 6th Avenue SE includes a main-level one-bedroom, one-bath unit and an upstairs two-bedroom, one-bath unit. Both units have on-site laundry, and each unit includes a detached garage stall plus driveway parking. The property is framed construction with metal exterior features, forced air heating, and a shingle roof. Built in 1918, the home also includes a basement.
The duplex is located within walking distance to Mayo Clinic, downtown restaurants and entertainment, Mayo Field, and Riverfest, putting many local destinations within easy reach.
With two separate living areas and shared property improvements that support day-to-day convenience, this layout suits either an owner-occupant setup or a buyer seeking a duplex configuration with in-unit operational practicality.
The duplex is located within walking distance to Mayo Clinic, downtown restaurants and entertainment, Mayo Field, and Riverfest, putting many local destinations within easy reach.
With two separate living areas and shared property improvements that support day-to-day convenience, this layout suits either an owner-occupant setup or a buyer seeking a duplex configuration with in-unit operational practicality.
Key Highlights
- Main‑level one‑bedroom, one‑bath and upstairs two‑bedroom, one‑bath duplex layout
- On‑site laundry for both units plus detached garage stall for each
- 0.13‑acre lot
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
$22,300
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
7.44%
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%
$446,000
$446.0K
Cap Rate 7%
$318,571
$318.6K
Cap Rate 9%
$247,778
$247.8K
Market Conditions
NOI Build-Up for 2,070 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
$33.5K $16.20/SF
− Vacancy
−$1.7K −$0.81/SF
EGI
$31.9K $15.39/SF
− OpEx
−$9.6K −$4.62/SF
NOI
$22.3K $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 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%
$446,000
Cap Rate 7%
$318,571
Cap Rate 9%
$247,778
Alternative Uses
Best Use
Multifamily LT 5
$318.6K
$278.8K – $371.7K
NOI $22,300 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$279.6K
$244.6K – $326.2K
NOI $19,571 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$797.3K
$697.6K – $930.2K
NOI $55,809 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well maintained duplex with on-site laundry and a detached garage stall for each unit.
Where is this duplex located?
The property is located at 27 6th Avenue SE Rochester, MN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Main‑level one‑bedroom, one‑bath and upstairs two‑bedroom, one‑bath duplex layout; On‑site laundry for both units plus detached garage stall for each; 0.13‑acre lot
