Side-by-Side
For Sale
$400,000
849 11 1/2 St SW, Rochester, MN 55902
Two-bedroom units include separate entrances, basements, and access to a shared two-car garage.
Property Size1,560 SF
Price / SF$256.41
Days on Market48
Property Features for 849 11 1/2 St SW
General Information
Standard status
Active
Size
1,560 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
Parkway
Additional Details
Multifamily Units
2
Building Details
Year Built
1958
Listing Agency:
Edina Realty, Inc.
Listed By:
Claire Conway Bartels
(507) 273-8390
Source:
Vibemn
Added: Sep 13
Changed: Oct 26
Last Checked: Oct 7 at 5:01PM
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 Edina Realty, Inc.
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Investment Insights
Based on property information with market context.
Built in 1958, this side-by-side duplex offers two separate residences with one-level living. Each unit includes two bedrooms, one full bathroom, a kitchen, living room, and basement. Separate entrances support distinct access for each residence, while the property also provides a shared two-car garage.
The rental certificate is current. One unit is rented, and the second is pending occupancy. The property is located a short distance from St. Mary’s, Mayo, and downtown Rochester, providing proximity to three established local destinations.
The rental certificate is current. One unit is rented, and the second is pending occupancy. The property is located a short distance from St. Mary’s, Mayo, and downtown Rochester, providing proximity to three established local destinations.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 full bath
- Separate entrances for both residences
- Each unit includes a kitchen, living room, and basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,806
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,120
$336.1K
Cap Rate 7%
$240,086
$240.1K
Cap Rate 9%
$186,733
$186.7K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$25.3K $16.20/SF
− Vacancy
−$1.3K −$0.81/SF
EGI
$24.0K $15.39/SF
− OpEx
−$7.2K −$4.62/SF
NOI
$16.8K $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%
$336,120
Cap Rate 7%
$240,086
Cap Rate 9%
$186,733
Alternative Uses
Best Use
Multifamily LT 5
$240.1K
$210.1K – $280.1K
NOI $16,806 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$210.7K
$184.4K – $245.8K
NOI $14,749 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$600.8K
$525.7K – $701.0K
NOI $42,059 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
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Business Placement
Demographics for 55902, MN
25,878
Population
11,954
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
41.1 sq mi
ZIP Area
630
Density / Sq Mi
$111,879
Median Household Income
$68,869
Median Earnings
$1,580
Median Rent
$430,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units include separate entrances, basements, and access to a shared two-car garage.
Where is this duplex located?
The property is located at 849 11 1/2 St SW Rochester, MN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 full bath; Separate entrances for both residences; Each unit includes a kitchen, living room, and basement
