Duplex with Heated
New
For Sale
$349,500
813 4th Avenue NW, Rochester, MN 55901
Natural gas forced-air heating and a finished, full basement add functional space to the property.
Property Size2,772 SF
Price / SF$126.08
Days on Market6
Property Features for 813 4th Avenue NW
General Information
Standard status
Active
Size
2,772 SF
Property subtype
Residential Income
Zoning
Residential-Multi-Family
Taxes and HOA fees
Annual Taxes
$4,834
Amenities
Laundry
Natural Gas, Forced Air
Walk-Out Access, Block, Finished, Full, Daylight
Concrete, Garage Door Opener, Heated Garage, Storage, Garage
Building Details
Building Size
2,772 SF
Year Built
1947
Stories
1
Listed By:
Lynn Franko
(507) 269-7762
Source:
Evrealestate
Added: Sep 30
Last Checked: Oct 4 at 8:40AM
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 Lynn Franko
Investment Insights
Based on property information with market context.
Built in 1947, this duplex offers 2,772 square feet of property area. Interior features include natural gas forced-air heat and a finished, full basement with walk-out access and daylight. The structure is block construction, and the garage includes heat, a garage door opener, and storage. Zoning is Residential-Multi-Family.
Located at 813 4th Avenue NW in Rochester, the property is reached from Broadway Avenue North via 7th Street NW and 4th Avenue NW.
Located at 813 4th Avenue NW in Rochester, the property is reached from Broadway Avenue North via 7th Street NW and 4th Avenue NW.
Key Highlights
- 2,772 square feet of property area
- Residential‑Multi‑Family zoning
- Built in 1947
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,863
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,260
$597.3K
Cap Rate 7%
$426,614
$426.6K
Cap Rate 9%
$331,811
$331.8K
Market Conditions
NOI Build-Up for 2,772 SF
Gross rent
$44.9K $16.20/SF
− Vacancy
−$2.2K −$0.81/SF
EGI
$42.7K $15.39/SF
− OpEx
−$12.8K −$4.62/SF
NOI
$29.9K $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%
$597,260
Cap Rate 7%
$426,614
Cap Rate 9%
$331,811
Alternative Uses
Best Use
Multifamily LT 5
$426.6K
$373.3K – $497.7K
NOI $29,863 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$374.4K
$327.6K – $436.8K
NOI $26,208 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$1.07M
$934.2K – $1.25M
NOI $74,735 @ 7.0% cap · market cap 21.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Natural gas forced-air heating and a finished, full basement add functional space to the property.
Where is this duplex located?
The property is located at 813 4th Avenue NW Rochester, MN.
What is the asking price?
The asking price for this property is $349,500.
What are key features of this property?
This property features: 2,772 square feet of property area; Residential‑Multi‑Family zoning; Built in 1947
