2920 18 Avenue NW, Rochester, MN 55901
MULTI_FAMILY - Rochester, MN
- Added:
- May 28, 2026
- Days on Market:
- 35
- Last Refresh:
- Jul 1 at 4:06 am
Property Features for 2920 18 Avenue NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Basement, Bathroom 2
- Parking features
- Garage - Detached, Driveway
- Exterior features
- Fiber Board
- Standard status
- Active
- APN
- 742242004854
- Size
- 2,496 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5172
Utilities
- Heating system
- Oil, Baseboard
Building Details
- Year built
- 1977
- Building materials
- Frame
- Roof type
- Shingle
Listing agent Ron Wightman (651) 274-0536
Listing office WightmanBrock Real Estate Advi 1016 2nd Street NW, MN (507) 509-2879
Listing date May 28, 2026
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.
HighLights
- Duplex built in 1977 with frame construction, fiber board exterior, and a shingle roof
- Each side‑by‑side unit has approx. 1,200 SF with private exterior entrances
- Upper level layout includes living room, dining area, and kitchen
- Lower level includes two bedrooms, a full bath, and in‑unit laundry
- Detached single‑car garage and driveway parking for each unit
- Separately metered utilities with tenants paying their own utilities
Overview
The property is located at 2920 18 Avenue NW in Rochester, MN, within the NW Crescent Park neighborhood. It is on the bus line, providing straightforward public transit access for tenants.
The layout and separate metering create a practical setup for both owner-occupants and investors. With separately metered utilities, tenants pay their own utilities directly, which can simplify building management. Current lease terms are described as flexible, offering options for future occupancy planning or an investment strategy that aligns with how a buyer intends to manage the property.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.4k | $16.20 |
| − Vacancy | −$2.0k | −$0.81 |
| EGI | $38.4k | $15.39 |
| − OpEx | −$11.5k | −$4.62 |
| NOI | $26.9k | $10.77 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.488443
- Latitude
- 44.054722
