Character-Filled Duplex with Updated
For Sale
$221,999
712 8th Ave SE, Rochester, MN 55904
Two-unit residential property with separate laundry, metered electric, and refreshed kitchens and bathrooms.
Property Size1,428 SF
Price / SF$155.46
Days on Market83
Property Features for 712 8th Ave SE
General Information
Standard status
Active
Size
1,428 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
dishwashers
separate laundry for each unit
separately metered electric
Building Details
Year Built
1920
Listing Agency:
Real Broker, LLC.
Listed By:
Jason Zubay
(612) 600-6000
Source:
Bradadamrealty
Added: Jul 27
Changed: Oct 8
Last Checked: Oct 16 at 12:47PM
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 Broker, LLC.
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Investment Insights
Based on property information with market context.
This two-unit property contains 1,428 square feet and dates to 1920, combining original hardwood flooring with updated kitchens and bathrooms. Each unit includes a dishwasher and its own laundry area, while separate electric metering supports distinct utility management for the units.
The lower apartment is occupied, and the upper apartment is vacant. The property is located at 712 8th Ave SE in Rochester, Minnesota, with layouts suited to continued residential rental use. Water and sewer service is the owner’s responsibility, while tenants pay their own electric service.
The lower apartment is occupied, and the upper apartment is vacant. The property is located at 712 8th Ave SE in Rochester, Minnesota, with layouts suited to continued residential rental use. Water and sewer service is the owner’s responsibility, while tenants pay their own electric service.
Key Highlights
- 1,428‑square‑foot duplex built in 1920
- Original hardwood floors paired with updated kitchens and bathrooms
- Dishwashers included in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,384
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,680
$307.7K
Cap Rate 7%
$219,771
$219.8K
Cap Rate 9%
$170,933
$170.9K
Market Conditions
NOI Build-Up for 1,428 SF
Gross rent
$23.1K $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%
$307,680
Cap Rate 7%
$219,771
Cap Rate 9%
$170,933
Alternative Uses
Best Use
Multifamily LT 5
$219.8K
$192.3K – $256.4K
NOI $15,384 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$192.9K
$168.8K – $225.0K
NOI $13,501 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$550.0K
$481.3K – $641.7K
NOI $38,500 @ 7.0% cap · market cap 17.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,352
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
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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 - Two-unit residential property with separate laundry, metered electric, and refreshed kitchens and bathrooms.
Where is this duplex located?
The property is located at 712 8th Ave SE Rochester, MN.
What is the asking price?
The asking price for this property is $221,999.
What are key features of this property?
This property features: 1,428‑square‑foot duplex built in 1920; Original hardwood floors paired with updated kitchens and bathrooms; Dishwashers included in both units
