897 16th Avenue Southeast Rochester, MN 55904

Building Details

Year Built

36

Listing Agency Marcus & Millichap - Minneapolis

Listed by Michael Jacobs · License #MN: 40760249 CA: 01979550

Source Crexi

Added: May 26 Checked: Jul 17 at 9:11 am

Report an Issue

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 Marcus & Millichap - Minneapolis

---

Investment Insights

Based on property information with market context.

Falcon Landing Apartments presents a multifamily investment opportunity, featuring 36 units across three residential buildings. Constructed in 1991, the property is arranged around a courtyard-style lawn. The unit mix consists entirely of four-bedroom residences, averaging 1,050 square feet. Current rents average $1,377 per month, with more recent move-ins at $1,500 per month. The property sits on a 3.47-acre site and includes 104 surface parking spaces. Renovations in 2025 included updated kitchens, new flooring, and replacement of a majority of the windows. Located near Rochester Community and Technical College, Falcon Landing Apartments benefits from proximity to a key education and renter demand driver. Rochester, home to the Mayo Clinic, is experiencing population growth and demand for rental housing.

Key Highlights

• Renovated in 2025 with updated kitchens, new flooring, and window replacements, minimizing immediate capital expenditures.
• Unique unit mix consisting entirely of four‑bedroom residences, offering larger floor plans than typical market offerings.
• Located near Rochester Community and Technical College, a key driver of renter demand.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $550,000

  2,031 SF

  Triplex With Private Heated Pool

  Meticulously maintained triplex with a private in-ground heated pool, multiple outdoor living areas, and garage parking.

  26 21st Street SW, Rochester, MN 55902

  View Details
• 

  $399,000

  2,496 SF

  Duplex Income Property with Private Entrances

  Original-owner duplex offers two side-by-side units with private exterior entrances, in-unit laundry, and separately metered utilities.

  2920 18 Avenue NW, Rochester, MN 55901

  View Details
• 

  $275,000

  1,400 SF

  Side-by-Side Duplex

  Purpose-built side-by-side duplex with separate 2-bedroom and 1-bedroom units, shared basement access, and onsite laundry.

  1013 9th Street NE, Rochester, MN 55906

  View Details
• 

  $354,900

  2,016 SF

  Two-Unit Duplex Income Property

  Two two-bedroom, one-bath duplex units with off-street parking, positioned near Saint Marys and Mayo Clinic.

  926 2nd Street NW, Rochester, MN 55901

  View Details
• 

  $221,999

  1,428 SF

  Updated Duplex with Separate Laundry

  1920-built duplex features updated kitchens and baths, dishwashers, and separate laundry with separately metered electric.

  712 8th Avenue SE, Rochester, MN 55904

  View Details
• 

  $299,900

  1,792 SF

  Updated Up-Down Duplex with Garages

  Up-down duplex offers in-unit laundry, off-street parking, and one garage stall per unit, with two separate floor plans.

  904 1st Street SE, Rochester, MN 55904

  View Details
• 

  $825,000

  6,000 SF

  Martial Arts Fitness Center Building

  For-sale martial arts fitness facility on a high-traffic retail corridor with national retailers nearby.

  2849 Broadway Ave S, Rochester, MN 55904

  View Details
• 

  $299,900

  2,070 SF

  Duplex with On-Site Laundry

  Well-maintained duplex offers a 1-bed/1-bath main level and a 2-bed/1-bath upstairs, each with laundry and a garage stall.

  27 6th Avenue SE, Rochester, MN 55904

  View Details
• 

  $1,900,000

  19,000 SF

  Flex Office and Warehouse Building

  Two-building flex property offering office and warehouse space with 12' overhead doors and 16' peak ceiling height.

  6254 34th Ave NW, Rochester, MN 55901

  View Details
• 

  $255,000

  1,496 SF

  Duplex With Two-Car Garage

  Duplex offering two units, a maintenance-free exterior, spacious backyard, and two-car garage for flexible living or renting.

  119 8th Avenue SE, Rochester, MN 55904

  View Details
• 

  $199,900

  1,488 SF

  Two-Story Duplex with Vacant Main Unit

  Two-story duplex with vacant main level and long-term upstairs tenant, updated entry and egress for safer living.

  1009 E Center Street, Rochester, MN 55904

  View Details
• 

  $2,503,000

  8,892 SF

  Rochester Retail Center For Sale

  8,892 SF retail center in Rochester, Minnesota for sale.

  1217 Marion Rd SE, Rochester, MN 55904

  View Details

FAQs

What type of property is this?

Apartment building - 36-unit multifamily property with four-bedroom residences in Rochester, MN.

Where is this apartment building located?

The property is located at 897 16th Avenue Southeast Rochester, MN.

What are key features of this property?

This property features: Renovated in 2025 with updated kitchens, new flooring, and window replacements, minimizing immediate capital expenditures.; Unique unit mix consisting entirely of four‑bedroom residences, offering larger floor plans than typical market offerings.; Located near Rochester Community and Technical College, a key driver of renter demand.