Completely remodeled from top to bottom, this turnkey 4-plex is an outstanding investment opportunity in the heart of Rochester! Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer searching for a low-maintenance income property, this one checks all the boxes.
Every major component has been updated with quality and longevity in mind, including new plumbing, electrical, boiler system, water heater, kitchens, bathrooms, and much more. All renovations were completed with the proper permits and have received occupancy approval from the City, giving buyers added confidence and peace of mind.
The property features four fully occupied 2-bedroom, 1-bath units, each thoughtfully designed with its own in-unit laundry. Every apartment is served by efficient boiler heat while also offering the comfort and flexibility of an individual mini-split system with both air conditioning and heat pump functionality. Electric is individually metered, making utility management simple and efficient.
Located just minutes from everything Rochester has to offer—including world-class healthcare, dining, shopping, entertainment, parks, and major employers—this property combines a prime location with extensive improvements and reliable rental income. Opportunities to purchase a fully renovated, fully occupied multifamily property of this caliber are few and far between. Schedule your showing today and see why this investment stands out from the rest!
Active
$649,900
317 14th St SW, Rochester, MN 55902
8beds
4baths
3,272sqft
Fourplex
Built in 1962
-- sqft lot
$-- Zestimate®
$199/sqft
$-- HOA
What's special
New plumbingIn-unit laundryEfficient boiler heat
- 19 days
- 410
- 28
Zillow last checked:
Listing updated:
Listed by:
Alex Brainard 507-722-2804,
Harbor Realty & Management Gro
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7159714
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Boiler, Ductless Mini-Split
Appliances
- Laundry: In Unit
Features
- Basement: Block,Daylight,Egress Window(s),Finished,Full,Single Tenant Access
Interior area
- Total structure area: 3,344
- Total interior livable area: 3,272 sqft
- Finished area above ground: 1,672
- Finished area below ground: 1,600
Property
Accessibility
- Accessibility features: None
Features
- Levels: One
Lot
- Size: 8,450 Square Feet
- Dimensions: 110 x 77
- Features: Corner Lot
Details
- Foundation area: 1672
- Parcel number: 641112008687
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fourplex
Materials
- Block
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Graham Add - Torrens
Location
- Region: Rochester
Financial & listing details
- Price per square foot: $199/sqft
- Tax assessed value: $394,300
- Annual tax amount: $6,568
- Date on market: 10/14/2026
- Cumulative days on market: 124 days
- Tenant pays: Electricity
Estimated market value
Not available
Estimated sales range
Not available
$2,516/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/14/2026 | Listed for sale | $649,900+182.6%$199/sqft |
Source: | ||
| 8/25/2021 | Sold | $230,000$70/sqft |
Source: Public Record Report a problem | ||
| 7/29/2021 | Pending sale | $230,000$70/sqft |
Source: | ||
| 7/29/2021 | Listed for sale | $230,000+142.1%$70/sqft |
Source: | ||
| 7/12/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/1/2021 | Listed for rent | $900+5.9% |
Source: Zillow Rental Network Premium Report a problem | ||
| 1/10/2020 | Listing removed | $850 |
Source: Jakobson Management Company Report a problem | ||
| 12/23/2019 | Listed for rent | $850 |
Source: Jakobson Management Company Report a problem | ||
| 11/22/2011 | Sold | $95,000$29/sqft |
Source: Public Record Report a problem | ||
| 7/25/2011 | Sold | $95,000$29/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,636 +72.5% | $394,300 |
| 2024 | $3,848 | $394,300 +56.8% |
| 2023 | -- | $251,500 +3.4% |
| 2022 | $3,320 +7.4% | $243,200 +22.5% |
| 2021 | $3,092 +1.2% | $198,600 +7.3% |
| 2020 | $3,056 +6.4% | $185,100 +11.6% |
| 2019 | $2,872 | $165,800 +4.9% |
| 2017 | $2,872 +7.6% | $158,000 +4.4% |
| 2016 | $2,670 | $151,400 +19.3% |
| 2015 | $2,670 +16.2% | $126,900 +2.7% |
| 2014 | $2,298 +5.8% | $123,600 -3.1% |
| 2012 | $2,172 | $127,600 -18.4% |
| 2011 | -- | $156,400 +0.2% |
| 2010 | $1,762 -0.3% | $156,100 |
| 2008 | $1,768 | $156,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 55902
Nearby schools
Schools provided by the listing agent
- Elementary: Ben Franklin
- Middle: Willow Creek
- 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.








