317 14th Street SW Rochester, MN - Image 1317 14th Street SW Rochester, MN - Image 2317 14th Street SW Rochester, MN - Image 3317 14th Street SW Rochester, MN - Image 4317 14th Street SW Rochester, MN - Image 5317 14th Street SW Rochester, MN - Image 6317 14th Street SW Rochester, MN - Image 7317 14th Street SW Rochester, MN - Image 8317 14th Street SW Rochester, MN - Image 9317 14th Street SW Rochester, MN - Image 10317 14th Street SW Rochester, MN - Image 11317 14th Street SW Rochester, MN - Image 12317 14th Street SW Rochester, MN - Image 13317 14th Street SW Rochester, MN - Image 14317 14th Street SW Rochester, MN - Image 15317 14th Street SW Rochester, MN - Image 16317 14th Street SW Rochester, MN - Image 17317 14th Street SW Rochester, MN - Image 18317 14th Street SW Rochester, MN - Image 19317 14th Street SW Rochester, MN - Image 20317 14th Street SW Rochester, MN - Image 21317 14th Street SW Rochester, MN - Image 22317 14th Street SW Rochester, MN - Image 23317 14th Street SW Rochester, MN - Image 24317 14th Street SW Rochester, MN - Image 25317 14th Street SW Rochester, MN - Image 26317 14th Street SW Rochester, MN - Image 27317 14th Street SW Rochester, MN - Image 28317 14th Street SW Rochester, MN - Image 29

$649,900

8 Beds 4 Baths 3,272 SQFT 0.19 Acres
Type: Multi-Family

317 14th Street SW
Rochester, MN 55902

MLS#: 7159714
Jesse Ebner
Jesse Ebner
The Real Estate Advantage
Phone: 507.429.2025
Office: 651.272.4688
Presented by: Harbor Realty & Management Gro

Property Description

 

Completely remodeled from top to bottom, this turnkey 4-plex is an outstanding investment opportunity in the heart of Rochester! Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer searching for a low-maintenance income property, this one checks all the boxes. Every major component has been updated with quality and longevity in mind, including new plumbing, electrical, boiler system, water heater, kitchens, bathrooms, and much more. All renovations were completed with the proper permits and have received occupancy approval from the City, giving buyers added confidence and peace of mind. The property features four fully occupied 2-bedroom, 1-bath units, each thoughtfully designed with its own in-unit laundry. Every apartment is served by efficient boiler heat while also offering the comfort and flexibility of an individual mini-split system with both air conditioning and heat pump functionality. Electric is individually metered, making utility management simple and efficient. Located just minutes from everything Rochester has to offer—including world-class healthcare, dining, shopping, entertainment, parks, and major employers—this property combines a prime location with extensive improvements and reliable rental income. Opportunities to purchase a fully renovated, fully occupied multifamily property of this caliber are few and far between. Schedule your showing today and see why this investment stands out from the rest!


 

Interior Features

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area1,672 sqft
BasementBlock, Daylight/Lookout Windows, Egress Window(s), Finished, Full, Single Tenant Access
Basement (Y/N)Yes
Below Grade Finished Area1,600 sqft
Foundation Dimensions28x60
FuelNatural Gas
Laundry FeaturesIn Unit

General

AccessibilityNone
Additional Parcels Y/NNo
CityRochester
Construction MaterialsBlock
ContingencyNone
CountyOlmsted
DirectionsTake the 2nd St SW exit from Highway 52 North, turn right, continue west, turn left onto 3rd Ave SW, then turn right onto 14th St SW, and 317 14th St SW will be on your left.
ElectricCircuit Breakers, 100 Amp Service
Electric Expense0
Elementary SchoolBen Franklin
Fuel Expense1800
Garage Spaces0
Gross Income65400
HeatingBoiler, Ductless Mini-Split
High SchoolMayo
High School DistrictRochester
Insurance Expense2400
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Living Area3,272 sqft
Lot Size UnitsAcres
MaintenanceExpense1800
Middle/Junior High SchoolWillow Creek
Net Operating Income57000
New ConstructionNo
Number Of Units Total4
Operating Expense8400
OwnerPaysGas, Grounds Care, Snow Removal
PostalCityRochester
Property SubtypeFourplex
Property TypeResidential Income
RoofArchitectural Shingle
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameGraham Add - Torrens
Tax Annual Amount$6,568
Tax Year2026
Tenant PaysElectricity
Trash Expense600
Water Sewer Expense0
Year Built1962

Exterior

Building Area Total3,344 sqft
Foundation Area1,672 sqft
Lot Dimensions110x77
Lot FeaturesCorner Lot
Lot Size Area0 sqft
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School Willow Creek Middle School
High School Mayo High School
Elementary School Ben Franklin Elementary School

  

Similar Properties

$649,900

8 Beds 4 Baths 3,272 SQFT 0.19 Acres
Type: Multi-Family

317 14th Street SW
Rochester, MN 55902

MLS#: 7159714
Jesse Ebner
Jesse Ebner
The Real Estate Advantage
Phone: 507.429.2025
Office: 651.272.4688