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2920 18 Avenue NW, Rochester, MN 55901

$425,000

Property Type: Multi-Family Bedrooms: 4 Baths: 2 Square Footage: 2,560 Lot Size (sq. ft.): 8,276 Status: Active

Current Price: $425,000 List Date: 5/28/2026 Last Modified: 5/29/2026

Overview

Description

First time ever offered for sale, this original-owner duplex presents a rare opportunity for both owner-occupants and investors alike. Built in 1977 and thoughtfully maintained through private ownership and management, the property reflects years of consistent care and pride of ownership. Each side-by-side unit offers approximately 1,200 square feet, with private exterior entrances and a detached single-car garage space, creating a desirable setup for tenants seeking privacy and convenience. The functional floor plan features the living room, dining area, and kitchen on the upper level, while the lower level includes two bedrooms, a full bath, and in-unit laundry. Separately metered utilities allow tenants to pay all utilities directly, simplifying management and reducing owner expenses. Flexible current lease terms provide options for future occupancy or investment strategy. Conveniently located in the NW Crescent Park neighborhood, it is on the bus line. This property offers strong ... (Read more)

Listing Details MLS# 7080386

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1977
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1280
Above Ground SqFt: 1280
Below Grd Total SqFt: 1280
Total SqFt: 2560
Foundation Size: 1280
Style: (MF) Duplex Side X Side
Total Finished Sqft: 2496.00
Power Company: Rochester Public Utilities
Garage Stalls: 2
Lot Dimensions: 110x76
Acres: 0.19
Assessment Pending: No

Property Features

Accessible: None Amenities Shared: None Basement: Full Construction Materials: Frame Construction Status: Previously Owned Electric: 100 Amp Service Exterior: Fiber Board Fencing: None Foundation: Concrete Block Fuel: Natural Gas Heating: Baseboard; Boiler Internet Options: Fiber Optic Laundry: Electric Dryer Hookup; In Unit; Laundry Closet; Washer Hookup Lock Box Type: Supra Lot Description: Public Transit (w/in 6 blks) Owner Pays: Grounds Care; Lawn; Sewer Road Frontage: City Street; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Tenant Pays: All Utilities Unit 1 Amenities: Tile Floors; Washer/Dryer Hookup Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Full Basement Unit 1 Cooling: Wall Unit 1 Dining Room Description: Informal Dining Room Water: City Water/Connected

Contract Information

Exclusions: Washer & Dryer, both units belong to the tenants
Contingency: None
Original List Price: 425000
ListPrice: 425000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2920
Street Name: 18
Street Suffix: Avenue
Street Direction Suffix: NW
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55901
Complex/Dev/Subdivision: Crescent Park 10th

Assessments

Tax With Assessments: 5172
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1280
Finished SqFt Below Ground: 1216

More Information

Income and Expenses

Annual Gross Expenses: 4710
Annual Gross Income: 22200
Annual Insurance Expense: 2310
Annual Maintenance Expense: 2400
Annual Net Income: 17490
Total Annual Expenses: 4710
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: SEMR
Supra: Yes

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 440

Public Survey Info

Range#: 14
Section#: 22
Township#: 107

Unit 1

Furnished?: No
Leased?: Yes
Level: Multi-Level
Unit Number: Yes
Annual Rent: 11100
Finished SqFt: 1248
Full Baths: Yes
Monthly Rent: 925
No. of Units Like This: 2
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit Details

Total Units: 2

Office/Member Info

Association: SEMR

Location, Tax and Other Information

High School: John Marshall
Legal Description: SECT-22 TWP-107 RANGE-014 CRESCENT PARK 10TH LOT-001 BLOCK-001 LOT 1 BLK 1
Listing City: Rochester
Map Page: 999
Municipality: Rochester
School District: Rochester
School District Phone: 507-328-3000
Zip Plus 4: 2132
Property ID Number: 742242004854
Tax Year: 2026
Tax Amount: 5172
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: First time ever offered for sale, this original-owner duplex presents a rare opportunity for both owner-occupants and investors alike. Built in 1977 and thoughtfully maintained through private ownership and management, the property reflects years of consistent care and pride of ownership. Each side-by-side unit offers approximately 1,200 square feet, with private exterior entrances and a detached single-car garage space, creating a desirable setup for tenants seeking privacy and convenience. The functional floor plan features the living room, dining area, and kitchen on the upper level, while the lower level includes two bedrooms, a full bath, and in-unit laundry. Separately metered utilities allow tenants to pay all utilities directly, simplifying management and reducing owner expenses. Flexible current lease terms provide options for future occupancy or investment strategy. Conveniently located in the NW Crescent Park neighborhood, it is on the bus line. This property offers strong rental appeal and long-term potential, with a proven layout that continues to attract reliable tenants.
Directions: Hwy 52. Take 37th St exit EAST. Right on 18th Ave NW. Duplex is on the left.

Accessible

None: Yes

Amenities Shared

None: Yes

Basement

Full: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Electric

100 Amp Service: Yes

Exterior

Fiber Board: Yes

Fencing

None: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Baseboard: Yes
Boiler: Yes

Internet Options

Fiber Optic: Yes

Laundry

Electric Dryer Hookup: Yes
In Unit: Yes
Laundry Closet: Yes
Washer Hookup: Yes

Lot Description

Public Transit (w/in 6 blks): Yes

Owner Pays

Grounds Care: Yes
Lawn: Yes
Sewer: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes
Sidewalks: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

All Utilities: Yes

Unit 1 Amenities

Tile Floors: Yes
Washer/Dryer Hookup: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Full Basement: Yes

Unit 1 Cooling

Wall: Yes

Unit 1 Dining Room Description

Informal Dining Room: Yes

Listing Office: WightmanBrock Real Estate Advi

Last Updated: May - 29 - 2026

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