For Sale: Rochester MLS# 7040429
Active
$320,000
Multi-family: Triplex
4 br • 2 ba • Built 1925
2,304 sqft • 0.086 acres
MLS# 7040429
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Property Description
Take advantage of a unique opportunity in southeast Rochester featuring R3 TOD (Transit-Oriented Development) zoning, designed to support future growth and higher-density housing options.
This property includes an **adjacent lot, both included in the price**giving you added space and flexibility. Whether you’re looking to build, expand, or invest, the R3 TOD zoning offers valuable potential for development in a location positioned near transit and everyday conveniences.
Located just minutes from downtown, shopping, dining, and transit routes, this property combines location, space, and long-term upside.
Highlights:
• Zoned R3 TOD (buildable, higher-density potential)
• Adjacent lot included in price
• Ideal for future development or investment
• Close to downtown and transit access.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$320,000
Price per sq ft:
$139
Property Type:
Multi-family
City:
Rochester
Garage Spaces:
0
County:
Olmsted
Year Built:
1925
State:
MN
Property Style:
Triplex
Zip Code:
55904
Subdivision Name:
Auditors A
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
2,304 ft2
Living Area:
2,304 ft2
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,536 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Lot & Land
Acres:
0.086
Geolocation:
44.019103, -92.447874
Lot Dimensions:
62 x 50
Schools
School District:
1929
District Phone:
5073283000
Elementary School:
Riverside Central
Middle School:
Kellogg
High School:
Mayo
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$149
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,509
Annual Maintenance Expense:
$1,546
Annual Trash Expense:
$504
Annual Water/Sewer Expense:
$2,005
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,036
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$262
Income
Annual Gross Income:
$20,970
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.