Turnkey Fourplex in Historic Lanesboro – Investment Opportunity. Don’t miss this fully occupied, turnkey fourplex located in the heart of historic Lanesboro, just steps from downtown shopping, dining, entertainment, and the scenic Root River Trail. This well-maintained property features a newer lower-level unit, separate electric meters for each unit, and strong rental history. Ideal for the owner-occupant or savvy investor looking to expand their portfolio in a sought-after area with excellent growth potential. Pictures include two out of the four apartments only.
Active with contingency
Price cut: $30.1K (7/28)
$194,900
709 Rochelle Ave S, Lanesboro, MN 55949
6beds
4baths
3,528sqft
Est.:
Quadruplex
Built in 1946
-- sqft lot
$190,400 Zestimate®
$55/sqft
$-- HOA
What's special
Newer lower-level unit
- 57 days
- on Zillow |
- 470 |
- 18 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: August 08, 2025 at 07:03pm
Listed by:
Tim Danielson 507-259-9110,
Elcor Realty of Rochester Inc.,
Jennifer Danielson 507-273-1875
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6739466

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Forced Air
Features
- Basement: Block,Egress Window(s),Finished,Full
Interior area
- Total structure area: 3,528
- Total interior livable area: 3,528 sqft
- Finished area above ground: 2,264
- Finished area below ground: 588
Property
Parking
- Parking features: Gravel
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Enclosed, Rear Porch
Lot
- Size: 0.28 Acres
- Dimensions: 87 x 140
Details
- Foundation area: 1264
- Parcel number: 190347020
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Slate, Block
- Roof: Age 8 Years or Less,Asphalt
Condition
- Age of Property: 79
- New construction: No
- Year built: 1946
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Lanesboro First Add
HOA
- Amenities included: Laundry
Location
- Region: Lanesboro
Financial & listing details
- Price per square foot: $55/sqft
- Tax assessed value: $174,900
- Annual tax amount: $3,488
- Date on market: 6/16/2025
- Tenant pays: Electricity, Sewer, Trash Collection
- Road surface type: Paved
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