723 1st Street Southwest

Rochester, MN 55902

$375,000
Price
—
Beds
2,211 Sq. Ft.
$170 / Sq. Ft.
2,211
Sq. Ft.
$170
per Sq. Ft.

Description

Discover this prime triplex in the heart of Rochester! Perfectly located near downtown and Mayo Clinic, this property features three spacious units, each offering modern amenities, updated kitchens, and bright, open living spaces. With excellent rental potential, this triplex is ideal for investors or owner-occupiers. Ample parking, separate utilities, and a well-maintained exterior make this a hassle-free investment. Whether you're looking to expand your portfolio or find your next home with rental...Discover this prime triplex in the heart of Rochester! Perfectly located near downtown and Mayo Clinic, this property features three spacious units, each offering modern amenities, updated kitchens, and bright, open living spaces. With excellent rental potential, this triplex is ideal for investors or owner-occupiers. Ample parking, separate utilities, and a well-maintained exterior make this a hassle-free investment. Whether you're looking to expand your portfolio or find your next home with rental income, this property is a must-see!
  1. Listed by Century 21 Atwood Rochester

Property Details for 723 1st Street Southwest

Subdivision Name
Mcculloughs, Add Wm
LISTING UPDATED: 10/03/2024 05:04 AM

Property Details for 723 1st Street Southwest

StatusActive
MLS #6611155
Days on Compass7
Taxes$5,432 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1908
Lot Size0.11 AC / 4,791 SF
CountyOlmsted County

Building Information for 723 1st Street Southwest

Stories-Residences3Year Built1908Building Size-Lot Size0.11 AC / 4,791 SF

Property Information for 723 1st Street Southwest

Summary
Location and General Information
  • City Name: Rochester
  • County Or Parish: Olmsted
  • County: Olmsted-MN
  • Directions: Traveling East , away from HWY 52, on 2nd ST SW, turn left on 7th Ave SW, turn left on 1st ST SW
  • Latitude: 44.022836
  • Longitude: -92.473426
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Rochester
  • City and Location Text: Rochester(MN)
  • Postal Code: 55902
  • State Or Province: MN
  • Public Survey Township: 107
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 743534012834
  • Tax Annual Amount: $5,432.00
  • Tax Legal Description: SECT-35 TWP-107 RANGE-014 MCCULLOUGH'S, ADD (WM.) LOT-004 BLOCK-013 W20FT E45FT S76.75FT LOT 4 & W20FT E243FT N34.25FT LOT 6 & W21.50FT E25FT S47.75FT LOT 4 & W21 1/2FT W63FT E223FT N34.25FT LOT 6 & TH PT VACATED ALLEY LYING BET ABOVE DESCRIBED BLK 13
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2024
  • Tax With Assessments: 5432.0000
School Information
  • Elementary School: Folwell
  • High School: Mayo
  • High School District: 535 - Rochester
  • Middle Or Junior School: Willow Creek
  • School District Number: 535
  • School District Phone: 507-328-3000
Property
Lot Information
  • Above Grade Fin SQFT: 2211.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 2211.0
  • Lot Size Area: 0.11
  • Lot Size Dimensions: irregular
  • Lot Size Units: Square Feet
  • Present Use: Yearly
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • SQFT Main Total: 1072.0000
  • Above Grade SqFt Total: 2211.0000
  • Below Grade SqFt Total: 0.0000
Property and Assessments
  • Age Of Property: 116
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1072.0
  • Fuel: Natural Gas
Interior Features
  • Basement Type: Block
  • DP Resource: Y
  • Garage Square Feet: 320
  • Heating: Forced Air
  • Levels: Two
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 2
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 2.00
  • Unit Rooms Total: 9
  • Unit SqFt: 1211
  • Unit Type Actual Rent: $1,600.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 5
  • Unit Type Units Total: 1
  • Unit Type Total Rent: 0
Unit 2
  • Unit Bath 3Qtr: 1
  • Unit Bath Full: 0
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 0.00
  • Unit Rooms Total: 3
  • Unit SqFt: 500
  • Unit Type Actual Rent: $600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Units Total: 2
  • Unit Type Total Rent: 7200

Property History for 723 1st Street Southwest

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 723 1st Street Southwest

Taxable ValueLand$50,000Additions$305,100Total$355,100
Tax Record2023$5,106 ($426 / month)
Home Facts
Baths3Total Finished SqFt3,283 SqFtAbove Grade Finished SqFt3,283 SqFtStories2Lot Size4,617 SqFtStyleMulti-Family Dwelling (2-4)Year Built1908Year Renovated1975CountyOLMSTEDAPN74.35.34.012834

Schools near 723 1st Street Southwest

This home is within Rochester Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 8 to 12
Public - K to 5
Rating
School
Distance
Folwell Elementary School
PublicPK to 5

John Adams Middle School
Public6 to 8

Mayo Senior High School
Public8 to 12

RPS Online Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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723 1st Street Southwest is a multi-family home for sale in Rochester, MN 55902. This property was listed for sale on October 1, 2024 by Century 21 Atwood Rochester, it's currently listed at $375,000. It has been on the market for a total of 7 days and was last sold on January 21, 2022. This listing's school district is Rochester Public School District. Nearby schools include Folwell Elementary School, John Adams Middle School and Mayo Senior High School. 723 1st Street Southwest is a 0-bed, 0-bath, 2,211 sqft multi-family home built in 1908.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Atwood Rochester

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 10/03/2024 05:04 AM