Coming soon 07/13

$460,000

1509 14th St NW, Rochester, MN 55901

7beds

4baths

3,290sqft

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Fourplex

Built in 1964

-- sqft lot

$-- Zestimate^®

$140/sqft

$-- HOA

What's special

Excellent investment opportunity! This turn-key, fully occupied four-plex in NW Rochester generates reliable income with long-term tenants already in place. The property boasts a durable metal roof and a low-maintenance vinyl exterior with brick accents. The unit mix includes three 2BR/1BA units and one 1BR/1BA unit—all currently leased. Landlord operations are streamlined with a shared gas-boiler heating system and tenant-paid electric, plus coin-operated common laundry for bonus income. With most units on month-to-month leases, the new owner has immediate upside to adjust rents to market rates. Capitalize on strong Rochester rental demand and add this solid performer to your portfolio!

1 day

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4

Heating

Boiler

Appliances

Laundry: Laundry Room

Features

Basement: Daylight,Finished

Interior area

Total structure area: 3,290
Total interior livable area: 3,290 sqft
Finished area above ground: 1,645
Finished area below ground: 1,645

Property

Accessibility

Accessibility features: None

Features

Levels: Two

Lot

Size: 7,274 Square Feet
Dimensions: 112 x 65

Details

Foundation area: 1645
Parcel number: 742743002385

Construction

Type & style

Home type: MultiFamily
Property subtype: Fourplex

Condition

New construction: No
Year built: 1964

Utilities & green energy

Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Bielenberg & Giese 3rd

Location

Region: Rochester

Financial & listing details

Price per square foot: $140/sqft
Tax assessed value: $467,100
Annual tax amount: $6,394
Date on market: 7/8/2026

Estimated market value

Not available

Estimated sales range

Not available

$2,307/mo

Price history

Date	Event	Price
2/28/2023	Sold	$392,000+3.2%$119/sqft
Source: NorthstarMLS as distributed by MLS GRID #6311954 Report a problem
2/17/2023	Pending sale	$379,900$115/sqft
Source: NorthstarMLS as distributed by MLS GRID #6311954 Report a problem
2/15/2023	Listed for sale	$379,900+84%$115/sqft
Source: NorthstarMLS as distributed by MLS GRID #6311954 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
2/7/2018	Listing removed	$695
Source: Owner Report a problem
2/5/2018	Listed for rent	$695
Source: Owner Report a problem
9/26/2006	Sold	$206,500$63/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,394 +36.7%	$467,100 +22.9%
2024	$4,676	$380,000 +24.3%
2023	--	$305,700 +5.4%
2022	$4,718 +0%	$290,000 +2.8%
2021	$4,716 -4.1%	$282,200
2020	$4,920 +15.9%	$282,200 +15%
2019	$4,246	$245,300 +2.9%
2017	$4,246 +9.9%	$238,500 +8.9%
2016	$3,862	$219,000 +3.7%
2015	$3,862 +0.9%	$211,200 +6.3%
2014	$3,826 +13.1%	$198,700
2012	$3,382	$198,700 -10%
2011	--	$220,800
2010	$3,462 -0.3%	$220,800
2008	$3,474	$220,800

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: John Marshall

Getting around

58 / 100

Somewhat Walkable

83 / 100

Very Bikeable

Nearby schools

GreatSchools rating

6/10
Bishop Elementary School
Grades: PK-5Distance: 1.7 mi
5/10
John Adams Middle School
Grades: 6-8Distance: 1.4 mi
5/10
John Marshall Senior High School
Grades: 9-12Distance: 0.1 mi

Schools provided by the listing agent

Elementary: Harriet Bishop
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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