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For Sale:  Rochester MLS# 7166522

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Active NEW!
$339,000
/mo Edit
Multi-family:  Triplex
4 br • 3 ba • Built 1916
2,016 sqft • 0.145 acres
Rochester schools
MLS# 7166522
763-576-8286
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    Property Description

    Don’t miss this rare opportunity to own a triplex just blocks from Downtown Rochester and the world-renowned Mayo Clinic. This classic triplex features three separate units and offers immediate flexibility for leasing, repositioning, or owner occupancy. It’s an ideal option for owner-occupants looking to offset housing expenses while building long-term equity or for an investor. Whether you’re seeking a strategic addition to your investment portfolio or a live-in/income property, 306 7th St NW delivers on walkability, diversified income potential, and long-term growth on the doorstep on Downtown Rochester.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $339,000
    Price per sq ft: $168
    Property Type: Multi-family
    City: Rochester
    Garage Spaces: 0
    County: Olmsted
    Year Built: 1916
    State: MN
    Property Style: Triplex
    Zip Code: 55901
    Subdivision Name: Northern Add

    Interior

    Bedrooms: 4
    Bathrooms: 3
    Finished Area: 2,016 ft2
    Living Area: 2,016 ft2
    Refrigerators: Three
    Basement Details:
    • Egress Window(s)
    • Finished
    • Single Tenant Access

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 672 ft2
    Foundation Dimensions: 24x28
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Gravel
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Exterior Material:
    • Block
    • Frame
    Roof Details: Asphalt

    Rooms

    Laundry: None

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.145
    Geolocation: 44.030171, -92.467953
    Lot Dimensions: 126 x 50
    Zoning: Residential-Multi-Family
    Lot Description: Corner Lot

    Farm

    Topography: Level

    Schools

    School District: 535
    District Phone: 5073283000
    Elementary School: Washington
    Middle School: John Adams
    High School: John Marshall

    Expenses

    Annual Caretaker Expense: $2,100
    Annual Electric Expense: $350
    Annual Fuel Expense: $500
    Annual Insurance Expense: $3,000
    Annual Maintenance Expense: $1,950
    Annual Trash Expense: $360
    Annual Water/Sewer Expense: $150
    Tenant Expenses: Electricity, Fuel, Gas, Heat, Hot Water, Sewer, See Remarks, Water

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $3,500
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,500

    Income

    Annual Gross Income: $35,400
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $22,740

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Rochester Public Utilities

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Realty Growth Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.