Three-Unit
306 7th St Nw, Rochester, MN 55901
For Sale
$339,000
Three distinct residences offer a configuration that supports rental or owner occupancy.
Property Size2,016 SF
Price / SF$168.15
Days on Market11
Property Features for 306 7th St Nw
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
Realty Growth Inc.
(507) 289-8000
Listed By:
Matt Gove · License MN #40779556
(507) 951-1147
Source:
Exprealty
Added: Oct 30
Changed: Nov 5
Last Checked: Nov 8 at 8:19AM
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 Realty Growth Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Rochester triplex contains three separate residences within 2,016 square feet. The multi-unit layout allows the property to accommodate rental use or owner occupancy.
At 306 7th St NW, the property is a few blocks from Downtown Rochester and the Mayo Clinic.
At 306 7th St NW, the property is a few blocks from Downtown Rochester and the Mayo Clinic.
Key Highlights
- Three separate units
- 2,016 square feet
- A few blocks from Downtown Rochester and the Mayo Clinic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,718
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,360
$434.4K
Cap Rate 7%
$310,257
$310.3K
Cap Rate 9%
$241,311
$241.3K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$32.7K $16.20/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$31.0K $15.39/SF
− OpEx
−$9.3K −$4.62/SF
NOI
$21.7K $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 Rate 5%
$434,360
Cap Rate 7%
$310,257
Cap Rate 9%
$241,311
Alternative Uses
Best Use
Multifamily LT 5
$310.3K
$271.5K – $362.0K
NOI $21,718 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$272.3K
$238.3K – $317.7K
NOI $19,060 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$776.5K
$679.4K – $905.9K
NOI $54,353 @ 7.0% cap · market cap 16.03%
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
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,358
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
Check the figures for this property
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?
Triplex - Three distinct residences offer a configuration that supports rental or owner occupancy.
Where is this triplex located?
The property is located at 306 7th St Nw Rochester, MN.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Three separate units; 2,016 square feet; A few blocks from Downtown Rochester and the Mayo Clinic
