317 14th Street SW Rochester, MN $ 649,900
317 14th Street SW
$ 649,900
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317 14th Street SW

Rochester, MN, 55902
$ 649,900
Bedrooms8 Baths4.0 Sq 3,272

Monthly Estimate*

$ 4,489

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Multi-Family Home for sale in Rochester, MN

for $649,900 with 8 bedrooms and 4 full baths. This 3,272 square foot home was built in 1962 on a lot size of 0.194.

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!

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Multi-Family Active

Price

$ 649,900

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,568

Style

Fourplex

Lot Size

0.194

Year Built

1962

Town/City

Rochester

County/Region

Olmsted

MLS | Web ID

7159714

Features
General
Living Area 3272
Sewer City Sewer/Connected
Heating Boiler Ductless Mini-Split
Roof Architectural Shingle
Garage Spaces 0
Construction Materials Block
Year Built 1962
Electric Circuit Breakers 100 Amp Service
Tenant Pays Electricity
Levels One
Property Subtype Fourplex
Tax Year 2026
Gross Income 65400
Accessibility None
County Olmsted
Net Operating Income 57000
Operating Expense 8400
Insurance Expense 2400
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 1800
Subdivision Name Graham Add - Torrens
Directions Take the 2nd St SW exit from Highway 52 North turn right continue west turn left onto 3rd Ave SW then turn right onto 14th St SW and 317 14th St SW will be on your left.
High School Mayo
City Rochester
High School District Rochester
Number Of Units Total 4
Lot Size Units Acres
Elementary School Ben Franklin
Land Lease Y/N N
Tax Annual Amount 6568
Electric Expense 0
Fuel Expense 1800
Middle/Junior High School Willow Creek
Trash Expense 600
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Block Daylight/Lookout Windows Egress Window(s) Finished Full Single Tenant Access
Basement (Y/N) Y
Above Grade Finished Area 1672
Laundry Features In Unit
Total Bedrooms 8
Below Grade Finished Area 1600
Total Baths 4
Foundation Dimensions 28x60
Fuel Natural Gas
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Exterior
Lot Features Corner Lot
Water Source City Water/Connected
Lot Size Area 0.194
Building Area Total 3344
Lot Dimensions 110x77
Waterfront Y/N N
Foundation Area 1672
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Internal Only
Street Number 1 317
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* Excluded Features
List By
Harbor Realty & Management Gro

Broker

alexb@harborrmg.com

Email

Affordability Calculator

$5,036
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,489
Monthly Property Taxes
$547
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3065318 Elementary School
3065243 Middle School
Mayo High School High School
Pricing History
DatePricePrice ChangeDescription
10/14/2026$649,900 Listed Price

Map


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317 14th Street SW, Rochester, MN, 55902 is a Multi-Family Home for sale at $649,900 with 3,272 sqft and a lot size of 0.194. 317 14th Street SW has 8 bedrooms, 4.0 baths, and was built in 1962. The property's zip code is 55902 which is in Rochester, MN