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Rochester Core Value-Add Triplex 707 E Center St 3 Unit Apartment Building $299,000 ($99,667/Unit) Rochester, MN 55904
Investment Highlights
- Prime Rochester Core investment location
- Flexible R2X zoning, 0.34 acres
- Immediate value-add, cosmetic TLC needed
- High-demand short-term rental potential
- Large 1,494 SF detached garages
- High-yield $2,800 monthly gross income
Executive Summary
Conveniently located triplex in Rochester with immense upside potential! This versatile property is perfect for a savvy investor looking for a value-add play, a short-term rental conversion, or an owner-occupant. The property features three distinct units, several detached garages (~1,494 SF total), and generous common areas, including a large front yard and back patio. Situated on a 0.34-acre lot with R2X zoning, there is plenty of room to bring your vision and maximize your long-term investment goals. Sold as-is; bring your imagination!
Property Facts
| Price | $299,000 | Lot Size | 0.34 AC |
| Price Per Unit | $99,667 | Building Size | 2,434 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | Parking Ratio | 1.64/1,000 SF |
| Building Class | C | ||
| Zoning | R2X - Residential-Multi-Family | ||
| Price | $299,000 |
| Price Per Unit | $99,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 2,434 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1890 |
| Parking Ratio | 1.64/1,000 SF |
| Zoning | R2X - Residential-Multi-Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $900.00 | 616 - 909 |
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Very walkable
80/100
Moderately drivable
70/100
Some public transit
40/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 74.36.34.070409 | Improvements Assessment | $290,300 |
| Land Assessment | $50,000 | Total Assessment | $340,300 |
Property Taxes
Parcel Number
74.36.34.070409
Land Assessment
$50,000
Improvements Assessment
$290,300
Total Assessment
$340,300
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Rochester Core Value-Add Triplex | 707 E Center St