Two-Unit Duplex with Basement
For Sale
$220,000
306 10th Ave NE, Rochester, MN 55906
Up-and-down rental property with distinct living spaces and convenient access to public transportation.
Property Size1,430 SF
Price / SF$153.85
Days on Market87
Property Features for 306 10th Ave NE
General Information
Standard status
Active
Size
1,430 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
require cosmetic updates
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Harbor Realty & Management Gro
Listed By:
Alex Brainard
(507) 722-2804
Source:
Vibemn
Added: Jul 22
Changed: Oct 6
Last Checked: Oct 15 at 3:42AM
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 Harbor Realty & Management Gro
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Investment Insights
Based on property information with market context.
This 1,430-square-foot duplex, built in 1920, is arranged as separate main-level and upper-level residences. The lower unit includes two bedrooms, one bathroom, private basement access, and a washer and dryer. Its kitchen is equipped with a dishwasher, microwave, range, and refrigerator. The upper residence provides one bedroom and one bathroom, with a refrigerator and oven included.
The upper unit has a long-term occupant whose rent is covered by a local nonprofit, and continued occupancy is anticipated. Cosmetic work involving paint, flooring, and cabinets may be needed when that unit turns over. The property is located at 306 10th Ave NE in Rochester, near the city bus line and area amenities.
The upper unit has a long-term occupant whose rent is covered by a local nonprofit, and continued occupancy is anticipated. Cosmetic work involving paint, flooring, and cabinets may be needed when that unit turns over. The property is located at 306 10th Ave NE in Rochester, near the city bus line and area amenities.
Key Highlights
- 1,430‑square‑foot duplex built in 1920
- Up‑and‑down layout with 2‑bedroom and 1‑bedroom units
- Main‑level unit includes private basement access, washer, and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,405
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,100
$308.1K
Cap Rate 7%
$220,071
$220.1K
Cap Rate 9%
$171,167
$171.2K
Market Conditions
NOI Build-Up for 1,430 SF
Gross rent
$23.2K $16.20/SF
− Vacancy
−$1.2K −$0.81/SF
EGI
$22.0K $15.39/SF
− OpEx
−$6.6K −$4.62/SF
NOI
$15.4K $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%
$308,100
Cap Rate 7%
$220,071
Cap Rate 9%
$171,167
Alternative Uses
Best Use
Multifamily LT 5
$220.1K
$192.6K – $256.8K
NOI $15,405 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$193.1K
$169.0K – $225.3K
NOI $13,520 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$550.8K
$481.9K – $642.6K
NOI $38,554 @ 7.0% cap · market cap 17.52%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
694
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Up-and-down rental property with distinct living spaces and convenient access to public transportation.
Where is this duplex located?
The property is located at 306 10th Ave NE Rochester, MN.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1,430‑square‑foot duplex built in 1920; Up‑and‑down layout with 2‑bedroom and 1‑bedroom units; Main‑level unit includes private basement access, washer, and dryer
