807 2nd Street NW, Rochester, MN 55901
MULTI_FAMILY - Rochester, MN
- Added:
- Mar 3, 2026
- Days on Market:
- 120
- Last Refresh:
- Jul 1 at 6:06 am
Property Features for 807 2nd Street NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
- Parking features
- Driveway, Garage - Detached
- Exterior features
- Vinyl
- Standard status
- Active
- APN
- 743532015182
- Size
- 1,580 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3990
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1926
Listing agent Robin Gwaltney (952) 829-2900
Listing office Re/Max Results 4123 26th St NW, Eden Prairie, MN (507) 288-1111
Listing date Mar 3, 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 with two separate units in the Kutzky neighborhood
- Lower unit: 2 bedrooms, 1 bathroom, with living and dining areas plus a full kitchen and hardwood floors
- Upper unit: 1 bedroom, 1 bathroom, with living space and natural light
- Separate entrances for each unit
- Detached garage and off‑street driveway parking
- Built in 1926 with vinyl exterior and forced‑air heating
Overview
Located in the Kutzky neighborhood of Rochester, the property is described as just minutes from downtown and the Mayo Clinic, with access to parks, restaurants, and other local amenities. The residential income property is situated on a compact lot with an overall building size of 1,580 square feet.
Well suited to investors seeking a duplex configuration with distinct units, or owner-occupants looking to offset living expenses through rental income, this home’s straightforward two-unit layout and separate entries support flexible occupancy options. Off-street parking and a detached garage further enhance tenant convenience.
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 | $25.6k | $16.20 |
| − Vacancy | −$1.3k | −$0.81 |
| EGI | $24.3k | $15.39 |
| − OpEx | −$7.3k | −$4.62 |
| NOI | $17.0k | $10.77 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.474205
- Latitude
- 44.025581
