$450,000
123 11th Avenue SE Rochester, MN 55904
For Sale MLS# 7071109
4,711 sq ft Commercial
Details for 123 11th Avenue SE
MLS# 7071109
Description for 123 11th Avenue SE, Rochester, MN, 55904
Excellent opportunity to own a fully occupied 5-unit multifamily property in a growing area with strong rental demand and long-term upside potential. This income-producing asset has a proven history of full occupancy and consistent cash flow, making it an attractive option for both seasoned investors and those looking to expand their portfolio.With rents continuing to rise in the area, there is additional opportunity for increased returns over time. The property offers a solid investment foundation with stable tenants already in place and immediate income from day one. For developers, this lot is approved to build a 19 unit complex by the city. Conveniently located near area amenities, employment opportunities, and continued community growth, this is a great chance to secure a turnkey multifamily investment in an expanding market.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Bedrooms: 7
Bathrooms: 5
Lot Size: 0.27 Acres
Square Feet: 4,711 sq ft
Year Built: 1910
Foundation: 4,154 sq ft
Stories: 2 Stories
Subdivision: City Lands
Number Of Units Total: 5
Current Use: Residential
County: Olmsted
Days On Market: 42
Construction Status: Previously Owned
School Information
District: 535 - Rochester
Interior Features
Basement: Partial Finished, Shared Access, Finished (Livable), Full
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Hot Water Common
Heating: Boiler, Natural Gas
Exterior / Lot Features
Open Parking: 5
Parking Description: Driveway - Asphalt, Parking Lot
Exterior: Metal
Lot Dimensions: 30x50
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building
Driving Directions
Take Hwy 52 to the 11th Ave SE exit, head east on 11th Ave SE, and continue to 123 11th Ave SE in Rochester.
Financial Considerations
Tenant Pays: Electric,Gas,Water
Owner Pays: Lawn,Maintenance/Repair,Snow,Trash
Gross Income: 51444
Expense: 19454
Tax/Property ID: 743634026524
Tax Amount: 5138
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Harbor Realty & Management Gro
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 123 11th Avenue SE
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 123 11th Avenue SE
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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