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    Apartment buildings

    1901 26Th Ave, Rochester, MN 55901

    25,000 SF 2.04 ac lot
    Property ID
    Property summary
    AI-generated overview

    Exceptional investment opportunity in Rochester, Minnesota's thriving market. This multifamily property, known as West Willow Apartment Homes, comprises 28 units distributed across seven separate four-unit buildings, each situated on its own parcel. The property boasts a total of 25,000 square feet on a 2.04-acre lot. All units are two-bedroom, two-bathroom apartments, each featuring a rare amenity: a dedicated detached garage. This efficient layout simplifies marketing, maintenance, and tenant turnover. West Willow enjoys a proven track record of high occupancy rates and consistent rent growth, presenting significant upside potential for investors. Its strategic location, just two miles from Mayo Clinic's substantial $5 billion expansion project, positions it to benefit from the anticipated population growth and increased housing demand. The property is conveniently located near Lourdes High School, the Rochester Athletic Club, and the Diocese of Winona-Rochester, and is minutes from downtown Rochester via Highway 52. It's also within blocks of a major retail area anchored by Costco, Cub Foods, Kwik Trip, and numerous restaurants and service businesses. The potential to add RUBS charges to approximately 75% of the current rent roll further enhances the property's financial attractiveness. This is a truly unique opportunity to acquire a well-established, high-performing multifamily asset in a rapidly growing market. The address is 1901 26th Avenue Northwest, Rochester, MN 55901.

    Property profile
    Verified
    Property type Apartment buildings
    Total area 25,000 SF
    Lot 2.04 ac (88,862 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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