Closed
$230,000
1502 3rd Ave NW, Rochester, MN 55901
3beds
2baths
2,830sqft
Duplex Up and Down
Built in 1926
-- sqft lot
$230,100 Zestimate®
$81/sqft
$1,401 Estimated rent
Home value
$230,100
$216,000 - $246,000
$1,401/mo
Zestimate® history
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What's special
Well-Maintained, Fully Occupied with great tenants, Duplex in a Prime Rochester Location!
Rare opportunity to own a meticulously cared-for duplex with a strong rental history, ideally situated next to Rochester’s walking trails and just minutes from downtown. Enjoy a peaceful, private setting bordered by city-owned land on two sides and the Zumbro River nearby.
The main-floor unit features updated flooring and modernized kitchen cabinets and countertops. The upper-level unit includes a brand new bathroom (2025) and updated flooring throughout. Additional building improvements include newer vinyl windows and exterior doors, plus a newly rebuilt exterior staircase to the second level (Spring 2025).
Tenants appreciate the convenience of a shared coin-operated laundry and extra storage space located in the clean, basement.
Whether you're expanding your portfolio or looking for an owner-occupant opportunity, this property delivers long-term value in a highly desirable location!
Zillow last checked: 8 hours ago
Listing updated: December 02, 2025 at 02:32pm
Listed by:
Brian Rossow 507-358-5654,
Property Brokers of Minnesota
Bought with:
Thomas Singfiel
Infinity Real Estate
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6796468
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Forced Air
Features
- Basement: Block
Interior area
- Total structure area: 2,830
- Total interior livable area: 2,830 sqft
- Finished area above ground: 1,894
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, Concrete
- Details: Garage Dimensions (0), Garage Door Height (0), Garage Door Width (0)
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Patio & porch: Porch
Lot
- Size: 6,098 sqft
- Dimensions: 50 x 120
Details
- Foundation area: 936
- Parcel number: 742643014223
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Up and Down
Materials
- Cedar, Stucco
- Roof: Asphalt
Condition
- Age of Property: 99
- New construction: No
- Year built: 1926
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Rochester
- Subdivision: Mill Reservation Sub
Price history
| Date | Event | Price |
|---|---|---|
| 12/1/2025 | Sold | $230,000-4.2%$81/sqft |
Source: | ||
| 10/31/2025 | Pending sale | $240,000$85/sqft |
Source: | ||
| 10/1/2025 | Listed for sale | $240,000+84.6%$85/sqft |
Source: | ||
| 10/28/2019 | Sold | $130,000+0.1%$46/sqft |
Source: | ||
| 10/1/2019 | Pending sale | $129,900$46/sqft |
Source: Coldwell Banker River Valley, Realtors #5286509 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,290 | $140,100 -6.4% |
| 2023 | -- | $149,700 +8.5% |
| 2022 | $1,970 -1.3% | $138,000 +17.1% |
Find assessor info on the county website
Neighborhood: Indian Heights Park
Nearby schools
GreatSchools rating
- 3/10Elton Hills Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 5/10John Marshall Senior High SchoolGrades: 8-12Distance: 0.9 mi
- 5/10John Adams Middle SchoolGrades: 6-8Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Elton Hills
- Middle: John Adams
- High: John Marshall
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.
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Estimated market value
$230,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$230,100

