Find Your Dream Home: Search 10,000+ Homes for Sale

1509 14th Street NW, Rochester, MN 55901

New Listing

$460,000

Property Type: Multi-Family Bedrooms: 7 Baths: 4 Square Footage: 3,290 Lot Size (sq. ft.): 6,970 Status: Pending

Current Price: $460,000 List Date: 7/13/2026 Last Modified: 7/16/2026

Overview

Description

Excellent investment opportunity! This turn-key, fully occupied four-plex in NW Rochester generates reliable income with long-term tenants already in place. The property boasts a durable metal roof and a low-maintenance vinyl exterior with brick accents. The unit mix includes three 2BR/1BA units and one 1BR/1BA unit—all currently leased. Landlord operations are streamlined with a shared gas-boiler heating system and tenant-paid electric, plus coin-operated common laundry for bonus income. With most units on month-to-month leases, the new owner has immediate upside to adjust rents to market rates. Capitalize on strong Rochester rental demand and add this solid performer to your portfolio!

Listing Details MLS# 7106188

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Waterfront YN: No
Year Built: 1964
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1645
Above Ground SqFt: 1645
Below Grd Total SqFt: 1645
Total SqFt: 3290
Foundation Size: 1645
Style: (MF) Four Plex
Total Finished Sqft: 3290.00
Lot Dimensions: 112x65
Acres: 0.16
Assessment Pending: Unknown
Garage Stalls: 0

Property Features

Accessible: None Construction Status: Previously Owned Exterior: Brick/Stone; Vinyl Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Laundry: Laundry Room Owner Pays: Gas; Sewer; Trash Collection; Water Sewer: City Sewer/Connected Stories: Two Unit 1 Cooling: Wall Unit 2 Cooling: Wall Water: City Water/Connected

Contract Information

Off Market Date: 2026-07-15
Contingency: None
Original List Price: 460000
ListPrice: 460000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1509
Street Name: 14th
Street Suffix: Street
Street Direction Suffix: NW
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55901
Complex/Dev/Subdivision: Bielenberg & Giese 3rd

Assessments

Tax With Assessments: 6394
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1645
Finished SqFt Below Ground: 1645

More Information

Income and Expenses

Annual Caretaker Expense: 1920
Annual Fuel Expense: 1500
Annual Gross Expenses: 9450
Annual Gross Income: 45000
Annual Insurance Expense: 2650
Annual Maintenance Expense: 1300
Annual Trash Expense: 648
Annual Water/Sewer Expense: 1426
Total Annual Expenses: 9450
Annual Electric Expense: 0
Annual Repair Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 14
Section#: 27
Township#: 107

Unit 1

Furnished?: No
Lease Expiration Date: 2026-11-30
Leased?: Yes
Unit Number: Yes
Annual Rent: 9000
Finished SqFt: 800
Full Baths: Yes
Monthly Rent: 750
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit 2

Furnished?: No
Leased?: Yes
Unit Number: 2
Annual Rent: 12000
Finished SqFt: 800
Full Baths: Yes
Monthly Rent: 1000
No. of Units Like This: 3
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit Details

Total Units: 4

Office/Member Info

Association: SEMR

Location, Tax and Other Information

High School: John Marshall
Legal Description: SECT-27 TWP-107 RANGE-014 BIELENBERG AND GIESE 3RD LOT-001 BLOCK-001 LOT 1 BLOCK 1
Listing City: Rochester
Map Page: 999
Municipality: Rochester
School District: Rochester
School District Phone: 507-328-3000
Zip Plus 4: 4805
Property ID Number: 742743002385
Tax Year: 2025
Tax Amount: 6394
In Foreclosure?: No
Potential Short Sale?: Not disclosed
Lender Owned?: Not disclosed

Directions & Remarks

Public Remarks: Excellent investment opportunity! This turn-key, fully occupied four-plex in NW Rochester generates reliable income with long-term tenants already in place. The property boasts a durable metal roof and a low-maintenance vinyl exterior with brick accents. The unit mix includes three 2BR/1BA units and one 1BR/1BA unit—all currently leased. Landlord operations are streamlined with a shared gas-boiler heating system and tenant-paid electric, plus coin-operated common laundry for bonus income. With most units on month-to-month leases, the new owner has immediate upside to adjust rents to market rates. Capitalize on strong Rochester rental demand and add this solid performer to your portfolio!
Directions: Take Broadway Ave N to 14th St NW. Turn West. Drive 1.5 miles to 1509 14th St NW, located on the left."

Accessible

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes
Vinyl: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Laundry

Laundry Room: Yes

Owner Pays

Gas: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

Unit 1 Cooling

Wall: Yes

Unit 2 Cooling

Wall: Yes

Listing Office: Realty Growth Inc.

Last Updated: July - 16 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.