904 1st Street SE, Rochester, MN 55904
MULTI_FAMILY - Rochester, MN
- Added:
- May 13, 2026
- Days on Market:
- 50
- Last Refresh:
- Jul 1 at 6:06 am
Property Features for 904 1st Street SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 3, Basement, Bathroom 2, Bathroom 1, Bedroom 1
- Parking features
- Garage - Attached
- Exterior features
- Aluminum Siding
- Standard status
- Active
- APN
- 743634026535
- Size
- 1,792 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4167
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1915
- Roof type
- Shingle
Listing agent Nathan Thorvilson (651) 494-4000
Listing office National Realty Guild 5200 Willson Road, Suite 150, Minneapolis, MN (651) 330-8001
Listing date May 13, 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
- Up/down duplex built in 1915 with aluminum siding and a shingle roof
- Main‑level unit: 2 bedrooms, 1 bathroom, full unfinished basement with storage, and in‑unit laundry
- Upper‑level unit: 1 bedroom, 1 bathroom, open floor plan, and private laundry
- Each unit includes 1 attached garage stall plus off‑street parking
- Forced‑air heating and one full basement included with the main‑level apartment
- Upper unit is currently vacant for an owner‑occupant or new tenant
Overview
Located in a neighborhood that’s described as a short walk to Downtown Rochester amenities, the property is positioned within walking distance of Mayo Clinic, Mayo Field, Riverfest, and downtown activities. The river walking paths are also noted as nearby, adding to the walkable, amenity-focused setting.
For tenants and owner-occupants, the main-level apartment is currently occupied by a long-term resident. The upper unit is currently vacant and ready for either an owner-occupant or a new tenant, providing flexibility for someone looking to live in one unit while securing occupancy in the other. The inclusion of a full unfinished basement with storage can also be a practical benefit for day-to-day organization.
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 | $29.0k | $16.20 |
| − Vacancy | −$1.5k | −$0.81 |
| EGI | $27.6k | $15.39 |
| − OpEx | −$8.3k | −$4.62 |
| NOI | $19.3k | $10.77 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.451097
- Latitude
- 44.022217
