1901 26Th Ave Rochester, MN 55901
- Apartment buildings
- 25,000 SF
- 2.04 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1901 26Th Ave
- Lot size
- 2.04 lot acres
- Property size
- 25,000 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.5008
- Latitude
- 44.044
