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  • $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#: 6796468MLS Logo

    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

    DateEventPrice
    12/1/2025Sold$230,000-4.2%$81/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6796468
    10/31/2025Pending sale$240,000$85/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6796468
    10/1/2025Listed for sale$240,000+84.6%$85/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6796468
    10/28/2019Sold$130,000+0.1%$46/sqft
    Source: NorthstarMLS as distributed by MLS GRID #5286509
    10/1/2019Pending sale$129,900$46/sqft
    Source: Coldwell Banker River Valley, Realtors #5286509

    Public tax history

    YearProperty taxesTax 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
    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