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$450,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 5,650 Sq. Ft.
  • 0.266 Acres
  • Updated 2 hours ago
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Excellent opportunity to own a fully occupied 5-unit multifamily property in a growing area with strong rental demand and long-term upside potential. This income-producing asset has a proven history of full occupancy and consistent cash flow, making it an attractive option for both seasoned investors and those looking to expand their portfolio. With rents continuing to rise in the area, there is additional opportunity for increased returns over time. The property offers a solid investment foundation with stable tenants already in place and immediate income from day one. Conveniently located near area amenities, employment opportunities, and continued community growth, this is a great chance to secure a turnkey multifamily investment in an expanding market.

Full Property Details for 123 11th Ave SE

General

  • Price: $450,000
  • Taxes: $5,138 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7071109
  • Updated: Today (5/13/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 7

Additional Information

  • Amenities: None

Parking

  • Carport Spaces: 1
  • Parking Features: Asphalt, Parking Lot

Location

  • County: Olmsted
  • Township: Rochester
  • Subdivision: City Lands
  • Driving Directions: Take Hwy 52 to the 11th Ave SE exit, head east on 11th Ave SE, and continue to 123 11th Ave SE in Rochester.

School Information

  • School District: 535 - Rochester
  • High School District: Rochester

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common, Hot Water Common

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Finished, Full, Partially Finished, Shared Access
  • Foundation Size: 4154
  • Ceiling Height: Less Than 8 Feet
  • Disability Access: None
  • Square Feet: 5,650
  • Finished Down/Base.: 5,650 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1910

Unit Information

  • Units w/Refrigerators: 1

Lot Features

  • Lot Size (Acres): 0.266
  • Lot Dimensions: 30 x 50
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $19,454
  • Tax Amount: $5,138
  • Tax Year: 2025
  • Owner Pays: Grounds Care, Repairs, Snow Removal, Trash Collection
  • Tenant Pays: Electricity, Gas, Water
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Tenant Pays

Disclosures and Reports

  • Legal Description: SECT-36 TWP-107 RANGE-014 CITY LANDS 107-14-36 STATE PLT S88FT E165FT SEC 36-107-14 LOT 1
  • Inclusions: Building
  • Property ID: 743634026524

Listed by Harbor Realty & Management Gro

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Listing agent

— 123 11th Ave SE —

  • Harbor Realty & Management Gro

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 123 11th Ave SE

School District:Rochester Public School District
NameGradesDistance
Riverside Central Elementary School
506 5th Avenue Southeast, Rochester, MN 55904
PK-50.4 mi
Kellogg Middle School
503 17th Street Northeast, Rochester, MN 55906
6-81.4 mi
Century Senior High School
2525 Viola Road Northeast, Rochester, MN 55906
9-122.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 123 11th Ave SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/13/2026
Listed
$450,000
70.45%
MLS
6/28/2021
Sold
$264,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 123 11th Ave SE

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,264
—
$305,300
11%
2023
$4,254
—
$276,000
36%
2023
$4,254
20%
$203,000
-4%
2021
$3,550
-4%
$212,500
—
2020
$3,704
3%
$212,500
2%
2019
$3,598
—
$207,800
3%
2019
$3,598
-16%
$201,300
-17%
2017
$4,278
—
$242,600
38%
2017
$4,278
34%
$176,000
6%
2016
$3,188
—
$165,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Harbor Realty & Management Gro

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123 11th Avenue SE, Rochester, MN 55904 (MLS# 7071109) is a Commercial property. 123 11th Avenue SE is currently listed for $450,000 and was received on May 13, 2026. Want to learn more about 123 11th Avenue SE? Do you have questions about finding other Commercial real estate for sale in Rochester? You can browse all Rochester real estate or contact a Coldwell Banker agent to request more information.

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