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
...
(Read more)
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 management simple and efficient.
Located just minutes from everything Rochester has to offer—including world-class healthcare, dining, shopping, entertainment, parks, and major employers—this property combines a prime location with extensive improvements and reliable rental income. Opportunities to purchase a fully renovated, fully occupied multifamily property of this caliber are few and far between. Schedule your showing today and see why this investment stands out from the rest!
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
Listing Office:
Harbor Realty & Management Gro
Last Updated: July - 10 - 2026
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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.
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