Welcome to this well-kept 4-plex, perfectly situated in a stellar location within walking distance to downtown and Saint Mary's. This property offers both convenience and potential for a lucrative investment
Each tenant will enjoy the convenience of a dedicated garage stall, providing secure parking and storage. The original oak hardwood flooring, in excellent shape, adds character and durability throughout a significant portion of the building.
Several units have undergone updates, including cabinets, baths, and flooring, enhancing the overall appeal and modernizing the living spaces. These improvements contribute to tenant satisfaction and rental demand.
The dual set coin-op laundry units serve as an additional income generator to the property's revenue stream.
Mechanical updates such as the furnace, air conditioning, and electrical systems have been modernized, ensuring efficiency and reliability.
Closed
$550,000
510 7th St SW, Rochester, MN 55902
5beds
4baths
2,940sqft
Quadruplex
Built in 1920
-- sqft lot
$-- Zestimate®
$187/sqft
$2,466 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,466/mo
Zestimate® history
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$3,437/mo
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Zillow last checked:
Listing updated:
Listed by:
Robert Bucky Beeman 507-951-7130,
Realty Growth Inc.,
Matt Gove 507-951-1147
Bought with:
NON-RMLS
Non-MLS
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6380775
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Forced Air
Appliances
- Laundry: Common Area
Features
- Basement: Partially Finished
Interior area
- Total structure area: 2,940
- Total interior livable area: 2,940 sqft
- Finished area above ground: 2,352
- Finished area below ground: 588
Property
Parking
- Total spaces: 4
- Parking features: Detached Garage
- Garage spaces: 4
- Details: Garage Dimensions (26x44)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Front Porch
Lot
- Size: 8,276 Square Feet
- Dimensions: 152 x 55
- Features: Near Public Transit
- Topography: Level
Details
- Foundation area: 588
- Parcel number: 640224009195
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: Power Company: Rochester Public Utilities
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Head & Mcmahon Add
Location
- Region: Rochester
Financial & listing details
- Price per square foot: $187/sqft
- Tax assessed value: $381,100
- Annual tax amount: $3,102
- Date on market: 6/2/2023
- Cumulative days on market: 41 days
- Tenant pays: All Utilities, Grounds Care, Snow Removal
Price history
| Date | Event | Price |
|---|---|---|
| 7/26/2023 | Sold | $550,000+5.8%$187/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6380775 Report a problem | ||
| 7/20/2023 | Listed for sale | $519,900$177/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6380775 Report a problem | ||
| 7/11/2023 | Pending sale | $519,900$177/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6380775 Report a problem | ||
| 6/25/2023 | Price change | $519,900-5.5%$177/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6380775 Report a problem | ||
| 6/7/2023 | Price change | $550,000+0%$187/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6380775 Report a problem | ||
| 5/22/2023 | Listed for sale | $549,900+22.2%$187/sqft |
Source: Owner Report a problem | ||
| 6/1/2022 | Sold | $450,000+4.7%$153/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6180856 Report a problem | ||
| 4/23/2022 | Pending sale | $429,900$146/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6180856 Report a problem | ||
| 4/22/2022 | Listed for sale | $429,900$146/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6180856 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,413 +19.7% | $381,100 |
| 2024 | $5,358 | $381,100 +8.8% |
| 2023 | -- | $350,200 +17% |
| 2022 | $3,102 +0.3% | $299,300 +61.3% |
| 2021 | $3,092 -4.2% | $185,600 +0.3% |
| 2020 | $3,228 +1.1% | $185,100 +0.3% |
| 2019 | $3,194 | $184,500 +10.3% |
| 2017 | $3,194 +8.3% | $167,300 |
| 2016 | $2,950 | $167,300 -1.9% |
| 2015 | $2,950 -4.5% | $170,600 +6.3% |
| 2014 | $3,090 +13.1% | $160,500 |
| 2012 | $2,732 | $160,500 -2.7% |
| 2011 | -- | $165,000 |
| 2010 | $2,588 +48.4% | $165,000 +48.9% |
| 2008 | $1,744 | $110,800 |
Find assessor info on the county website
Neighborhood: Historic Southwest
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Nearby schools
GreatSchools rating
- 8/10Folwell Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 5/10John Adams Middle SchoolGrades: 6-8Distance: 2.9 mi
- 9/10Mayo Senior High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Folwell
- Middle: John Adams
- High: Mayo
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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