Fantastic investment opportunity in a convenient southwest Rochester location just minutes from Mayo Clinic, shopping, dining, and major roadways. This licensed duplex (renewal in progress) offers strong rental potential for both owner-occupants and investors alike.
This property features two separate units with central air conditioning and new appliances, providing excellent income-producing possibilities or flexible living arrangements. Ideal for long-term rentals, traveling professionals, or housed-hacking opportunities.
Extensive repairs and improvements have recently been completed, with additional updates currently in progress, offering buyers added value and continued property
Don't miss your chance to own a multi-family property in a highly desirable rental market with consistent demand.
Active
Price cut: $25.5K (5/28)
$249,500
603 23rd Ave SW, Rochester, MN 55902
4beds
2baths
3,276sqft
Duplex Up and Down
Built in 1900
-- sqft lot
$-- Zestimate®
$76/sqft
$-- HOA
What's special
Licensed duplexTwo separate unitsNew appliancesCentral air conditioning
- 63 days |
- 664 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
James John Clark 507-259-2283,
Keller Williams Premier Realty,
Hailey Johnson 507-316-7955
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7049727
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Appliances
- Laundry: In Basement, Common Area
Features
- Basement: Full
Interior area
- Total structure area: 3,276
- Total interior livable area: 3,276 sqft
- Finished area above ground: 1,638
- Finished area below ground: 0
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Covered, Porch
- Pool features: None
- Fencing: None
Lot
- Size: 4,748 Square Feet
- Dimensions: 132 x 91
- Features: Near Public Transit, Tree Coverage - Medium
- Topography: Rolling
Details
- Foundation area: 819
- Parcel number: 640414042631
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Up and Down
Materials
- Frame
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers, 150 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Hillcrest Sub
HOA
- Amenities included: Laundry, Deck, Porch
Location
- Region: Rochester
Financial & listing details
- Price per square foot: $76/sqft
- Tax assessed value: $220,800
- Annual tax amount: $3,740
- Date on market: 4/6/2026
- Tenant pays: Cable TV, Trash Collection
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2026 | Price change | $249,500-9.3%$76/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7049727 Report a problem | ||
| 4/24/2026 | Price change | $275,000-8.3%$84/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7049727 Report a problem | ||
| 4/6/2026 | Listed for sale | $300,000+614.3%$92/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7049727 Report a problem | ||
| 8/1/2003 | Sold | $42,000$13/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,585 +10% | $220,800 +3.7% |
| 2024 | $3,258 | $213,000 |
| 2023 | -- | $213,000 +6.8% |
| 2022 | $2,408 -0.4% | $199,500 +38.4% |
| 2021 | $2,418 -1.2% | $144,100 -0.4% |
| 2020 | $2,448 +8.7% | $144,700 +11.2% |
| 2019 | $2,252 | $130,100 +11.7% |
| 2017 | $2,252 +24.3% | $116,500 +13.4% |
| 2016 | $1,812 | $102,700 -9.4% |
| 2015 | $1,812 -11.7% | $113,300 +2.7% |
| 2014 | $2,052 +11.2% | $110,300 +1.7% |
| 2012 | $1,846 | $108,500 |
| 2011 | -- | $108,500 -2.6% |
| 2010 | $1,748 -0.3% | $111,400 |
| 2008 | $1,754 | $111,400 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 55902
Nearby schools
GreatSchools rating
- 8/10Folwell Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 5/10John Adams Middle SchoolGrades: 6-8Distance: 2.8 mi
- 9/10Mayo Senior High SchoolGrades: 9-12Distance: 2.8 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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Minnesota
- Olmsted County
- Rochester
- 55902
- 603 23rd Ave SW
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