Well-Maintained, Fully Occupied with great tenants, Duplex in a Prime Rochester Location!
Rare opportunity to own a meticulously cared-for duplex with a strong rental history, ideally situated next to Rochester’s walking trails and just minutes from downtown. Enjoy a peaceful, private setting bordered by city-owned land on two sides and the Zumbro River nearby.
The main-floor unit features updated flooring and modernized kitchen cabinets and countertops. The upper-level unit includes a brand new bathroom (2025) and updated flooring throughout. Additional building improvements include newer vinyl windows and exterior doors, plus a newly rebuilt exterior staircase to the second level (Spring 2025).
Tenants appreciate the convenience of a shared coin-operated laundry and extra storage space located in the clean, basement.
Whether you're expanding your portfolio or looking for an owner-occupant opportunity, this property delivers long-term value in a highly desirable location!
Closed
$230,000
1502 3rd Ave NW, Rochester, MN 55901
3beds
2baths
1,894sqft
Multi Family
Built in 1926
-- sqft lot
$271,600 Zestimate®
$121/sqft
$1,391 Estimated rent
Home value
$271,600
$244,000 - $301,000
$1,391/mo
Zestimate® history
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$1,179/mo
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Zillow last checked:
Listing updated:
Listed by:
Brian Rossow 507-358-5654,
Property Brokers of Minnesota
Bought with:
Thomas Singfiel
Infinity Real Estate
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6796468
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Forced Air
Appliances
- Laundry: In Basement
Features
- Basement: Block
Interior area
- Total structure area: 1,894
- Total interior livable area: 1,894 sqft
- Finished area above ground: 1,894
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, Concrete
- Details: Garage Dimensions (0), Garage Door Height (0), Garage Door Width (0)
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 5,967 Square Feet
- Dimensions: 50 x 120
Details
- Foundation area: 936
- Parcel number: 742643014223
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1926
Utilities & green energy
- Electric: Power Company: Rochester Public Utilities
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Mill Reservation Sub
HOA
- Amenities included: Laundry
Location
- Region: Rochester
Financial & listing details
- Price per square foot: $121/sqft
- Tax assessed value: $163,300
- Annual tax amount: $2,358
- Date on market: 9/30/2025
- Cumulative days on market: 29 days
Price history
| Date | Event | Price |
|---|---|---|
| 12/1/2025 | Sold | $230,000-4.2%$121/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6796468 Report a problem | ||
| 10/31/2025 | Pending sale | $240,000$127/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6796468 Report a problem | ||
| 10/1/2025 | Listed for sale | $240,000+84.6%$127/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6796468 Report a problem | ||
| 10/28/2019 | Sold | $130,000+0.1%$69/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5286509 Report a problem | ||
| 10/1/2019 | Pending sale | $129,900$69/sqft |
Source: Coldwell Banker River Valley, Realtors #5286509 Report a problem | ||
| 9/20/2019 | Price change | $129,900-7.1%$69/sqft |
Source: Coldwell Banker River Valley, Realtors #5286509 Report a problem | ||
| 9/17/2019 | Price change | $139,900-2.8%$74/sqft |
Source: Coldwell Banker River Valley, Realtors #5286509 Report a problem | ||
| 9/3/2019 | Price change | $143,900-6.9%$76/sqft |
Source: Coldwell Banker River Valley, Realtors #5286509 Report a problem | ||
| 8/30/2019 | Listed for sale | $154,500+71.9%$82/sqft |
Source: Coldwell Banker River Valley, REALTORS #5286509 Report a problem | ||
| 5/7/2009 | Sold | $89,900$47/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,358 +3% | $163,300 +16.6% |
| 2024 | $2,290 | $140,100 -6.4% |
| 2023 | -- | $149,700 +8.5% |
| 2022 | $1,970 -1.3% | $138,000 +17.1% |
| 2021 | $1,996 -28.6% | $117,800 -1.3% |
| 2020 | $2,796 +6.4% | $119,400 -21.3% |
| 2019 | $2,628 | $151,800 +11% |
| 2017 | $2,628 +24.7% | $136,700 +14.3% |
| 2016 | $2,108 | $119,600 +8.4% |
| 2015 | $2,108 +5.5% | $110,300 |
| 2014 | $1,998 +4% | $110,300 -2.3% |
| 2012 | $1,922 | $112,900 +4.1% |
| 2011 | -- | $108,500 -2.5% |
| 2010 | $1,422 -0.3% | $111,300 |
| 2008 | $1,426 | $111,300 |
Find assessor info on the county website
Neighborhood: Indian Heights Park
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Nearby schools
GreatSchools rating
- 3/10Elton Hills Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 5/10John Adams Middle SchoolGrades: 6-8Distance: 1.6 mi
- 5/10John Marshall Senior High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Elton Hills
- Middle: John Adams
- High: John Marshall
Source: NorthstarMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$271,600
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$271,600
- Minnesota
- Olmsted County
- Rochester
- 55901
- Indian Heights Park
- 1502 3rd Ave NW
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