Turnkey investment opportunity in the heart of Rochester! Welcome to 16 12th St NW—one of the city’s top-rated Airbnb properties, offering a rare blend of immediate income potential and flexible living options. Whether you're looking for a fully furnished, hands-off short-term rental or a move-in ready home for owner occupancy, this property delivers. The home comes with all furniture shown in listing photos.
With an average monthly Airbnb income of approximately $2,150 and average expenses around $2,000, this is an excellent opportunity for investors seeking a proven, operational asset. The home’s prime location—just blocks from downtown and Rochester’s trail system—adds to its consistent guest appeal.
Looking ahead, the upside is just as exciting. The backyard is approved for a future accessory dwelling unit (ADU) or mother-in-law suite, opening the door for additional income or multi-generational living. Inside, the basement is already plumbed for a second bathroom, making future expansion even more seamless.
Whether you're expanding your investment portfolio or stepping into homeownership with income potential, this property is ready to perform from day one.
Pending
Price cut: $5K (5/14)
$214,900
16 12th St NW, Rochester, MN 55901
2beds
1,340sqft
Single Family
Built in 1925
4,399 Square Feet Lot
$-- Zestimate®
$160/sqft
$-- HOA
What's special
Fully furnishedMove-in ready home
- 40 days |
- 487 |
- 27 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Karl Rogers 507-884-6678,
Dwell Realty Group LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7063355
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bathroom
- Description: Main Floor Full Bath
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Gas Water Heater, Range, Refrigerator, Water Softener Owned
- Laundry: In Basement
Features
- Basement: Block
- Has fireplace: No
Interior area
- Total structure area: 1,340
- Total interior livable area: 1,340 sqft
- Finished area above ground: 692
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 4,399 Square Feet
- Dimensions: 35 x 125
Details
- Foundation area: 648
- Parcel number: 743511015931
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Age Over 8 Years,Metal
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Northern Add
HOA
- Has HOA: No
Location
- Region: Rochester
Financial & listing details
- Price per square foot: $160/sqft
- Tax assessed value: $174,300
- Annual tax amount: $2,060
- Date on market: 5/3/2026
- Cumulative days on market: 41 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Pending sale | $214,900$160/sqft |
Source: | ||
| 5/14/2026 | Price change | $214,900-2.3%$160/sqft |
Source: | ||
| 5/3/2026 | Listed for sale | $219,900+18.9%$164/sqft |
Source: | ||
| 3/13/2023 | Sold | $185,000-1.3%$138/sqft |
Source: | ||
| 2/16/2023 | Pending sale | $187,500$140/sqft |
Source: | ||
| 2/9/2023 | Listed for sale | $187,500$140/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,910 +25.3% | $143,400 +9.7% |
| 2024 | $1,524 | $130,700 +11.2% |
| 2023 | -- | $117,500 -12.2% |
| 2022 | $1,626 -1.5% | $133,900 +13.3% |
| 2021 | $1,650 +2.6% | $118,200 -1.3% |
| 2020 | $1,608 +12.4% | $119,800 +19.8% |
| 2019 | $1,430 | $100,000 +9.4% |
| 2017 | $1,430 +26.8% | $91,400 +18.2% |
| 2016 | $1,128 | $77,300 +8.4% |
| 2015 | $1,128 +6% | $71,300 -0.8% |
| 2014 | $1,064 +6% | $71,900 -1.5% |
| 2012 | $1,004 | $73,000 +4.7% |
| 2011 | -- | $69,700 -2.5% |
| 2010 | $914 -0.2% | $71,500 |
| 2008 | $916 | $71,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Lowertown
Nearby schools
GreatSchools rating
- 3/10Elton Hills Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 5/10John Adams Middle SchoolGrades: 6-8Distance: 1.9 mi
- 5/10John Marshall Senior High SchoolGrades: 9-12Distance: 1 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Minnesota
- Olmsted County
- Rochester
- 55901
- Lowertown
- 16 12th St NW





