$649,900
317 14th Street SW Rochester, MN 55902
For Sale MLS# 7101999
3,272 sq ft Commercial
Details for 317 14th Street SW
MLS# 7101999
Description for 317 14th Street SW, Rochester, MN, 55902
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!
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Bedrooms: 8
Bathrooms: 4
Lot Size: 0.19 Acres
Square Feet: 3,272 sq ft
Year Built: 1962
Foundation: 1,672 sq ft
Stories: 1 Story
Subdivision: Graham Add - Torrens
Number Of Units Total: 4
Current Use: Residential
County: Olmsted
Days On Market: 26
Construction Status: Previously Owned
School Information
District: 535 - Rochester
Interior Features
Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer, Microwave
Flooring: Luxury Vinyl Plank
Basement: Finished (Livable)
Additional Interior Features: Kitchen Window, Ceiling Fan(s)
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate
Cooling: Ductless Mini-Split
Heating: Baseboard, Heat Pump, Natural Gas
Exterior / Lot Features
Parking Description: Paved Lot, Driveway - Concrete, Garage Dimensions - 0, Garage Door Height - 0, Garage Door Width - 0, Garage Sq Ft - 0.00
Exterior: Metal
Lot Dimensions: 110x77
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Corner Lot, Land Inclusions - Building,Land,Rental License
Unit Information
Unit 1 Actual Rent: 1300
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 1 Rooms Total: 4
Unit 2 Actual Rent: 1300
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Unit 2 Rooms Total: 4
Unit 3 Actual Rent: 1400
Unit 3 Baths Total: 1
Unit 3 Beds Total: 2
Unit 3 Rooms Total: 4
Unit 4 Actual Rent: 1450
Unit 4 Baths Total: 1
Unit 4 Beds Total: 2
Unit 4 Rooms Total: 4
Driving Directions
Take 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.
Financial Considerations
Tenant Pays: Electric,Water
Owner Pays: Gas,Lawn,Snow
Gross Income: 65400
Expense: 8400
Tax/Property ID: 641112008687
Tax Amount: 6636
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 317 14th Street SW
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 317 14th Street SW
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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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