For Sale: Rochester MLS# 6826765
Active
NEW!
$240,000
Multi-family: 2 Stories
4 br • 2 ba • Built 1880
1,536 sqft • 0.165 acres
MLS# 6826765
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Property Description
Don’t miss this rare opportunity to own a duplex just blocks from Downtown Rochester and the world-renowned Mayo Clinic. This classic up/down duplex features two separate units and will be delivered vacant, offering immediate flexibility for leasing, repositioning, or owner occupancy. It’s an ideal option for owner-occupants looking to offset housing expenses while building long-term equity. Whether you’re seeking a strategic addition to your investment portfolio or a live-in/income property, 304 7th St NW delivers on walkability, diversified income potential, and long-term growth.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$240,000
Price per sq ft:
$156
Property Type:
Multi-family
City:
Rochester
Garage Spaces:
1
County:
Olmsted
Year Built:
1880
State:
MN
Property Style:
2 Stories
Zip Code:
55901
Subdivision Name:
Northern Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
1,536 ft2
Living Area:
1,536 ft2
Refrigerators:
Two
Basement Details:
- Block
- Shared Access
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
1
Garage Dimensions:
12x18
Garage Size:
216 ft2
Foundation Size:
768 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Gravel
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Roof Details:
Asphalt
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.165
Geolocation:
44.03017, -92.467749
Lot Dimensions:
57 x 124
Zoning:
- Residential-Multi-Family
- Residential-Single Family
Farm
Topography:
Level
Schools
School District:
1929
District Phone:
5073283000
Elementary School:
Washington
Middle School:
John Adams
High School:
John Marshall
Expenses
Annual Caretaker Expense:
$1,850
Annual Electric Expense:
$333
Annual Fuel Expense:
$333
Annual Insurance Expense:
$2,350
Annual Maintenance Expense:
$750
Annual Trash Expense:
$360
Annual Water/Sewer Expense:
$333
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,382
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,382
Income
Annual Gross Income:
$26,400
Rent
Annual Net Income:
$14,392
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Rochester Public Utilities
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Realty Growth Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.