NOT LISTED FOR SALE

221 18th St SW Rochester, MN 55902

Estimated Value: $594,000 - $664,000

8 Beds
8 Baths
3,752 Sq Ft
$171/Sq Ft Est. Value

Last Sold October 11, 2024

Last sale price $625,000 $167 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,977/month

2 Days on Market

About This Home

As of October 2024

This updated 4-plex offers four units, each with 2 bedrooms, 2 bathrooms, private entrances, decks, and porches. Inside, enjoy luxury vinyl planking and in-unit washers and dryers for tenant convenience. Two units are fully furnished, while two are unfurnished, providing flexibility for different rental needs.

Recent upgrades include a newly repaved driveway and a completely rebuilt retaining wall, adding to the property’s appeal and functionality. With private parking spaces, durable vinyl siding, and a roof under 8 years old, this low-maintenance property is perfect for generating steady income. An ideal opportunity for investors or owner-occupants!

Last Agent to Sell the Property

Kyle Swanson

eXp Realty Brokerage Phone: 507-226-4430 Listed on: 08/29/2024

eXp Realty

Last Buyer's Agent

Diego Correa Bravo

Re/Max Results

Re/Max Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,900

Year Built

  • Built in 1983

Lot Details

  • Lot Dimensions are 86x110

Home Design

  • Quadruplex
  • Bi-Level Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Schools

  • Ben Franklin Elementary School
  • Willow Creek Middle School
  • Mayo High School

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • 4 Units
  • Golden Hill Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 641143076898

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,900

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1983
  • Above Grade Finished Sq Ft: 1876
  • Unit Levels: Split Entry (Bi-Level)
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Cable
  • Attribution Contact: 507-226-4430
  • Attribution Contact: 507-226-4430
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight/Lookout Windows, Finished, Full
  • Living Area: 3752
  • Below Grade Finished Sq Ft: 1876
  • Basement YN: Yes
  • Appliances: Dishwasher,Dryer,Electric Water Heater,Range
  • Appliances: Dishwasher,Dryer,Electric Water Heater,Range
  • Total Rooms: 6
  • Appliances: Dishwasher,Dryer,Electric Water Heater,Range
  • Total Rooms: 6

Beds/Baths

  • Total Bedrooms: 8

Exterior Features

  • Roof: Age 8 Years or Less
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck,Front Porch

Garage/Parking

  • Parking Features: Paved, Open

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Four

Schools

  • Junior High Dist: Rochester
  • Middle Or Junior School: Willow Creek
  • SchoolDistrictPhone: 507-328-3000

Lot Info

  • Lot Size: 86x110
  • Land Lease: No
  • Additional Parcels: No
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding
  • Units Total: 4

Rental Info

  • Expenses: 9440.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 641143076898
  • Tax Annual Amount: 5900
  • TaxWithAssessments: 5900.0000

Multi Family

  • ElectricExpense: 2160
  • FuelExpense: 2280
  • Number Of Refrigerators: Four

MLS Schools

  • Elementary School: Ben Franklin
  • HighSchool: Mayo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2024
Closed on
Oct 11, 2024
Sold by
Lb Investment Properties Llc
Bought by
Familia Llc
Seller's Agent
Kyle Swanson
eXp Realty
Buyer's Agent
Diego Correa Bravo
Re/Max Results
List Price
$625,000
Sold Price
$625,000
Views
8
Current Estimated Value
$640,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,043
Avg. Annual Appreciation
2.38%
Original Mortgage
$475,000
Outstanding Balance
$398,540
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$241,503

Purchase Details

Closed on
Nov 30, 2023
Sold by
Pine Island Bank
Bought by
New Line Investments Llc

Purchase Details

Closed on
May 29, 2013
Sold by
Johnson Grant A and Johnson Krista A
Bought by
Lb Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.38%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Familia Llc $625,000 Rochester Title
Familia Llc $625,000 Rochester Title
New Line Investments Llc $500 Rochester Title
Lb Investment Properties Llc $225,000 Rochester Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Familia Llc $475,000
Closed Familia Llc $475,000
Previous Owner Lb Investment Properties Llc $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2024 10/11/24 Sold $625,000 0.0% $167 / Sq Ft
09/07/2024 09/07/24 Pending -- -- --
09/05/2024 09/05/24 For Sale $625,000 -- $167 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

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 $7,012 $405,700 $50,000 $355,700
2023 $6,033 $385,700 $50,000 $335,700
2022 $4,718 $312,900 $40,000 $272,900
2021 $4,810 $282,200 $40,000 $242,200
2020 $5,020 $287,900 $37,800 $250,100
2019 $4,332 $287,900 $37,800 $250,100
2018 $4,178 $250,200 $39,100 $211,100
2017 $4,204 $238,500 $39,100 $199,400
2016 $3,942 $238,500 $39,100 $199,400
2015 $3,524 $217,700 $39,100 $178,600
2014 $3,486 $204,800 $39,100 $165,700
2012 -- $204,800 $39,100 $165,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6594139

NorthstarMLS

APN: 64.11.43.076898