Turnkey Fourplex in Historic Lanesboro – Investment Opportunity. Don’t miss this fully occupied, turnkey fourplex located in the heart of historic Lanesboro, just steps from downtown shopping, dining, entertainment, and the scenic Root River Trail. This well-maintained property features a newer lower-level unit, separate electric meters for each unit, and strong rental history. Ideal for the owner-occupant or savvy investor looking to expand their portfolio in a sought-after area with excellent growth potential. Pictures include two out of the four apartments only.
Closed
$165,000
709 Rochelle Ave S, Lanesboro, MN 55949
6beds
4baths
2,852sqft
Quadruplex
Built in 1946
-- sqft lot
$-- Zestimate®
$58/sqft
$1,141 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,141/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 30, 2025 at 02:04pm
Listed by:
Tim Danielson 507-259-9110,
Elcor Realty of Rochester Inc.,
Jennifer Danielson 507-273-1875
Bought with:
Tim Danielson
Elcor Realty of Rochester Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6739466
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Forced Air
Features
- Basement: Block,Egress Window(s),Finished,Full
Interior area
- Total structure area: 2,852
- Total interior livable area: 2,852 sqft
- Finished area above ground: 2,264
- Finished area below ground: 588
Property
Parking
- Parking features: Gravel
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Enclosed, Rear Porch
Lot
- Size: 0.28 Acres
- Dimensions: 87 x 140
Details
- Foundation area: 1264
- Parcel number: 190347020
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Block
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Lanesboro
- Subdivision: Lanesboro First Add
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/30/2025 | Sold | $165,000-13.1%$58/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6739466 Report a problem | ||
| 11/17/2025 | Pending sale | $189,900$67/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6739466 Report a problem | ||
| 10/9/2025 | Price change | $189,900-2.6%$67/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6739466 Report a problem | ||
| 9/23/2025 | Listed for sale | $194,900$68/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6739466 Report a problem | ||
| 8/14/2025 | Pending sale | $194,900$68/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6739466 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,118 -4.1% | $174,900 +13.9% |
| 2023 | $3,252 +10.3% | $153,500 -7.6% |
| 2022 | $2,948 +30% | $166,100 +11.4% |
Find assessor info on the county website
Neighborhood: 55949
Nearby schools
GreatSchools rating
- 6/10Lanesboro Elementary SchoolGrades: PK-6Distance: 0.3 mi
- 7/10Lanesboro SecondaryGrades: 7-12Distance: 0.3 mi
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