317 14th Street SW, Rochester, MN 55902 (MLS# 7101999)

317 14th Street SW, Rochester, MN 55902

$649,900
Property Type: Commercial Bedrooms: 8 Baths: 4 Square Footage: 3,344 Lot Size (sq. ft.): 8,276 Status: Active
Current Price: $649,900 List Date: 7/01/2026 Last Modified: 7/10/2026

Overview

Description

Completely remodeled from top to bottom, this turnkey 4-plex is an outstanding investment opportunity in the heart of Rochester! Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer searching for a low-maintenance income property, this one checks all the boxes. Every major component has been updated with quality and longevity in mind, including new plumbing, electrical, boiler system, water heater, kitchens, bathrooms, and much more. All renovations were completed with the proper permits and have received occupancy approval from the City, giving buyers added confidence and peace of mind. The property features four fully occupied 2-bedroom, 1-bath units, each thoughtfully designed with its own in-unit laundry. Every apartment is served by efficient boiler heat while also offering the comfort and flexibility of an individual mini-split system with both air conditioning and heat pump functionality. Electric is individually metered, making utility man ...

Listing Details MLS# 7101999

General Property Information

Lot Measurement
Acres
Management Company Name
Harbor Realty & Management Group
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1962
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
1672
For Sale or Lease
For Sale
Acres
0.19
Lot Dimensions
110x77
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Ductless Amenities Unit: Ceiling Fan(s); Kitchen Window Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Metal Flooring: Luxury Vinyl Plank Foundation: Concrete Block Fuel: Natural Gas Heating: Baseboard; Heat Pump Lot Description: Corner Lot On Site Utilities: Electric Separate Owner Pays: Gas; Lawn; Lawn; Snow Removal Parking Characteristics: Paved Lot Sewer: City Sewer/Connected Stories: One Tenant Pays: Electricity; Water Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
649900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
317
Street Name
14th
Street Suffix
Street
Street Direction Suffix
SW
Postal City
Rochester
County
Olmsted
State
MN
Zip Code
55902
Complex/Dev/Subdivision
Graham Add - Torrens

Assessments

Tax With Assessments
6636

Basement

Foundation Dimensions
28x60

More Information

Building Information

Building Finished SqFt
3272
Building SqFt
3344
Ceiling Height
Less Than 8 Feet

Income and Expenses

Annual Fuel Expense
1800
Annual Gross Expenses
8400
Annual Gross Income
65400
Annual Insurance Expense
2400
Annual Maintenance Expense
1800
Annual Net Income
57000
Annual Repair Expense
1800
Annual Trash Expense
600
Total Annual Expenses
8400

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
14
Section#
11
Township#
106

Sale Options

Sale Includes
Building, Land, Rental License

Unit 1

Unit Number
4
Monthly Rent
1300
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Total Rooms
4
Level
Below Ground
Unit Total SqFt
800
Leased?
Yes
Lease Expiration Date
2026-10-31

Unit 2

No. of 2 Bedroom Units
4
Full Baths
Yes
Lease Expiration Date
2027-03-31
Leased?
Yes
Level
Below Ground
Monthly Rent
1300
Total Bathrooms
Yes
Total Bedrooms
2
Total Rooms
4
Unit Number
3
Unit Total SqFt
800

Unit 3

Full Baths
Yes
Lease Expiration Date
2027-03-31
Leased?
Yes
Level
Main Level
Monthly Rent
1400
Total Bathrooms
Yes
Total Bedrooms
2
Total Rooms
4
Unit Number
2
Unit Total SqFt
836

Unit 4

Full Baths
Yes
Lease Expiration Date
2027-02-28
Leased?
Yes
Level
Main Level
Monthly Rent
1450
Total Bathrooms
Yes
Total Bedrooms
2
Total Rooms
4
Unit Number
Yes
Unit Total SqFt
836

Unit Details

Total Units
4
IDX
Listing Office: Harbor Realty & Management Gro
Last Updated: July - 10 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.