1239 3rd Ave SW Rochester, MN 55902
Estimated payment $2,857/month
Highlights
- Parking Storage or Cabinetry
- Baseboard Heating
- Coin Laundry
- Mayo Senior High School Rated A-
About This Home
This charming multi-family property offers an excellent opportunity for savvy investors looking to generate steady rental income. With seven bedrooms and four bathrooms spread across 3,164 square feet, there's plenty of space for tenants to call home.
Located in friendly Rochester, this property sits in an area that perfectly balances residential comfort with convenient amenities. Families will appreciate being just a short walk from Zumbro South Park, where kids can enjoy the baseball field and playground equipment. The nearby Rochester Stem Academy adds educational value to the location, making it attractive to families seeking quality schooling options.
Each unit offers comfortable living spaces with well-appointed bathrooms and bedrooms that maximize natural light and functionality.
This neighborhood has that welcoming small-town feel while offering the conveniences of city living. The tree-lined streets create a pleasant walking environment, and the proximity to parks means tenants can easily enjoy outdoor activities year-round.
For investors seeking a property with strong rental potential in a desirable location, this multi-family home presents an opportunity to build long-term wealth through consistent income generation. The combination of practical living spaces and neighborhood appeal makes it an attractive option for quality tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,658
Year Built
- Built in 1963
Lot Details
- Lot Dimensions are 64x110x65x110
Home Design
- Quadruplex
- Bi-Level Home
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Basement Storage
- Basement Window Egress
Parking
- Garage
- Parking Storage or Cabinetry
Schools
- Bamber Valley Elementary School
- Willow Creek Middle School
- Mayo High School
Utilities
- Baseboard Heating
- Boiler Heating System
Listing and Financial Details
- The owner pays for grounds care, sewer, snow removal, taxes
- Assessor Parcel Number 641112008692
Community Details
Overview
- 4 Units
- Graham Add Torrens Subdivision
Amenities
- Coin Laundry
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,658 | $314,300 | $50,000 | $264,300 |
| 2023 | $4,524 | $295,700 | $50,000 | $245,700 |
| 2022 | $4,634 | $352,900 | $40,000 | $312,900 |
| 2021 | $4,630 | $277,200 | $40,000 | $237,200 |
| 2020 | $4,280 | $277,200 | $28,400 | $248,800 |
| 2019 | $3,554 | $69,300 | $7,100 | $62,200 |
| 2018 | $3,342 | $173,700 | $21,200 | $152,500 |
| 2017 | $3,364 | $215,000 | $28,300 | $186,700 |
| 2016 | $3,250 | $193,500 | $25,500 | $168,000 |
| 2015 | $2,886 | $182,400 | $25,500 | $156,900 |
| 2014 | $2,846 | $171,400 | $25,300 | $146,100 |
| 2012 | -- | $171,400 | $25,357 | $146,043 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/01/2025 10/01/25 | For Sale | $449,900 | -- | $144 / Sq Ft |
Source: NorthstarMLS
MLS Number: 6797229
APN: 64.11.12.008692
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