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$165,000

  • Sold
  • Closed
  • Multi-Family
  • 4 Units
  • 6 Total Beds
See This Home
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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.

Full Property Details for 709 Rochelle Ave S

General

  • Sold For: $165,000
  • Taxes: $3,488 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6739466
  • Added to Site: 216 day(s) ago

Parking

  • Parking Features: Gravel

School Information

  • School District: 1103 - Lanesboro
  • High School District: Lanesboro

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Financial Considerations

  • Operating Expenses: $5,552
  • Tax Amount: $3,488
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: Gas, Insurance, Grounds Care, Snow Removal, Taxes
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays
  • Pays Trash: Tenant Pays
  • Pays Water: Tenant Pays

Disclosures and Reports

  • Legal Description: LANESBORO FIRST ADDITION LOT-6-7 BLOCK-055 ALL LOT 7 & N1/2 OF 8 & S 12' LOT 6 BLK 55 1ST ADD
  • Property ID: 190347020

Listed by Elcor Realty of Rochester Inc.
Sold by Elcor Realty of Rochester Inc.

Listing agents

— 709 Rochelle Ave S —

  • Elcor Realty of Rochester Inc.

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 709 Rochelle Ave S

School District:Lanesboro Public School District
NameGradesDistance
Lanesboro Elementary School
100 Kirkwood Street East, Lanesboro, MN 55949
PK-60.3 mi
Lanesboro Secondary
100 Kirkwood Street East, Lanesboro, MN 55949
7-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 709 Rochelle Ave S

Date
Details
Price
Change
Source
12/30/2025
Sold
$165,000
-13.11%
MLS
10/09/2025
Price Reduced
$189,900
-2.57%
MLS
7/28/2025
Price Reduced
$194,900
-13.38%
MLS
6/16/2025
Listed
$225,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Down Payment Resource

Listed by Elcor Realty of Rochester Inc.
Sold by Elcor Realty of Rochester Inc.

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709 Rochelle Avenue S, Lanesboro, MN 55949 (MLS# 6739466) is a Multi-Family property that was sold at $165,000 on December 30, 2025. Want to learn more about 709 Rochelle Avenue S? Do you have questions about finding other Multi-Family real estate for sale in Lanesboro? You can browse all Lanesboro real estate or contact a Coldwell Banker agent to request more information.