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$405,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 5 Total Beds
  • 2 Car Garage
  • Updated 9 hours ago
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Great location in historic Kutzke Park close to Mayo / St Mary's complex and downtown with over 3000 ft.² This home has 5 bedrooms 3 baths and 2 kitchens currently used as an Airbnb short-term rental, but could easily be turned back to a single-family home or a duplex. Within the last year, a new roof, zero maintenance premium siding, high efficient HVAC/furnace and central air, also main floor kitchen has been completely remodeled. Convenient parking with a 2 car garage, and driveway parking for 3. Utilities run about $400 per month with $40,000+ a year Gross income this place could be a gold mine for Clinic residence, multigenerational families, investors, or owner occupants looking for a good long term rental. Basement has full kitchen, bedroom, den, living room, 3/4 bath, and common utility / laundry area.. Main floor has 2 bedrooms, full bath, and common kitchen and living room. Upstairs has 2 bedrooms and 3/4 bath. Rooms rent for $650 - 1,200/month depending on the time of the year.

Full Property Details for 1316 2nd St NW

General

  • Price: $405,000
  • Taxes: $4,994 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7028516
  • Updated: 3/1/2026
  • Added to Site: 1 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: In Basement, Common Area, In Basement, Common Area

Parking

  • Garage: Yes
  • Garage Spaces: 2

Location

  • County: Olmsted
  • Township: Rochester
  • Subdivision: Cascade Manor
  • Driving Directions: 11th Ave NW to 2nd Street NW, Behind Miracle Mile

School Information

  • School District: 1929 - Rochester
  • High School District: Rochester
  • Elementary School: Elton Hills
  • Middle School: John Adams
  • High School: John Marshall

Heating & Cooling

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

Utilities

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

Structural Information

  • Exterior Const.: Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Full, Partially Finished
  • Foundation Size: 1062
  • Roof: Asphalt
  • Disability Access: None
  • Square Feet: 2,741
  • Above Ground: 2,124 Sq. Ft.
  • Below Ground: 1,062 Sq. Ft.
  • Finished Down/Base.: 3,186 Sq. Ft.
  • Year Built: 1939

Unit Information

  • Units w/Refrigerators: 2

Lot Features

  • Lot Size (Acres): 0.172
  • Lot Dimensions: 50 x 150
  • Lot Description: Medium Tree Coverage
  • Fencing (Description): Chain Link

Financial Considerations

  • Operating Expenses: $11,794
  • Tax Amount: $4,994
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA, Cash
  • Owner Pays: All Utilities
  • Tenant Pays: None

Disclosures and Reports

  • Legal Description: SECT-34 TWP-107 RANGE-014 CASCADE MANOR LOT-004 BLOCK-003 LOT 4 BLK 3
  • Property ID: 743443003046

Listed by Progressive Real Estate

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— 1316 2nd St NW —

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Schools serving 1316 2nd St NW

School District:Rochester Public School District
NameGradesDistance
Bishop Elementary School
406 36th Avenue Northwest, Rochester, MN 55901
PK-51.7 mi
John Marshall Senior High School
1510 14th Street Northwest, Rochester, MN 55901
9-120.7 mi
John Adams Middle School
1525 31st Street Northwest, Rochester, MN 55901
6-82.2 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 1316 2nd St NW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/01/2026
Listed
$405,000
113.72%
MLS
9/15/2014
Sold
$189,500
—
Public Record
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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 1316 2nd St NW

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,760
10%
$296,700
-5%
2023
$4,310
—
$311,100
28%
2023
$4,310
7%
$243,200
1%
2021
$4,014
2%
$240,300
7%
2020
$3,920
7%
$224,800
6%
2019
$3,678
—
$212,400
8%
2019
$3,678
21%
$196,400
14%
2017
$3,030
—
$171,800
16%
2017
$3,030
13%
$148,400
19%
2016
$2,688
—
$124,500
—
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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1316 2nd Street NW, Rochester, MN 55901 (MLS# 7028516) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 1316 2nd Street NW is currently listed for $405,000 and was received on March 01, 2026. Want to learn more about 1316 2nd Street NW? Do you have questions about finding other Multi-Family 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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