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$649,900 Just Listed

  • For Sale
  • Active
  • Commercial
  • 3,344 Sq. Ft.
  • 0.194 Acres
  • Updated 3 days ago
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Completely remodeled from top to bottom, this turnkey 4-plex is an outstanding investment opportunity in the heart of Rochester! Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer searching for a low-maintenance income property, this one checks all the boxes. Every major component has been updated with quality and longevity in mind, including new plumbing, electrical, boiler system, water heater, kitchens, bathrooms, and much more. All renovations were completed with the proper permits and have received occupancy approval from the City, giving buyers added confidence and peace of mind. The property features four fully occupied 2-bedroom, 1-bath units, each thoughtfully designed with its own in-unit laundry. Every apartment is served by efficient boiler heat while also offering the comfort and flexibility of an individual mini-split system with both air conditioning and heat pump functionality. Electric is individually metered, making utility management simple and efficient. Located just minutes from everything Rochester has to offer-including world-class healthcare, dining, shopping, entertainment, parks, and major employers-this property combines a prime location with extensive improvements and reliable rental income. Opportunities to purchase a fully renovated, fully occupied multifamily property of this caliber are few and far between. Schedule your showing today and see why this investment stands out from the rest!

Full Property Details for 317 14th St SW

General

  • Price: $649,900
  • Taxes: $6,636 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7101999
  • Updated: 6/30/2026
  • Added to Site: 4 day(s) ago

Interior

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Amenities: Ceiling Fan(s), Kitchen Window

Parking

  • Parking Features: Concrete, Paved Lot

Location

  • County: Olmsted
  • Township: Rochester
  • Subdivision: Graham Add - Torrens
  • Driving Directions: Take the 2nd St SW exit from Highway 52 North, turn right, continue west, turn left onto 3rd Ave SW, then turn right onto 14th St SW, and 317 14th St SW will be on your left.

School Information

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

Heating & Cooling

  • Cooling Type: Ductless Mini-Split
  • Heating Type: Baseboard, Heat Pump
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Finished
  • Foundation Size: 1672
  • Ceiling Height: Less Than 8 Feet
  • Disability Access: None
  • Square Feet: 3,344
  • Finished Down/Base.: 3,344 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1962

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 0.194
  • Lot Dimensions: 110 x 77
  • Zoning: Residential-Multi-Family
  • Lot Description: Corner Lot

Financial Considerations

  • Operating Expenses: $8,400
  • Tax Amount: $6,636
  • Tax Year: 2025
  • Owner Pays: Gas, Grounds Care, Snow Removal
  • Tenant Pays: Electricity, Water
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays
  • Pays Water: Tenant Pays

Disclosures and Reports

  • Legal Description: SECT-11 TWP-106 RANGE-014 GRAHAM ADDITION - TORRENS LOT-016 BLOCK-004 LOT 16 BLK 4
  • Inclusions: Building, Land, Rental License
  • Property ID: 641112008687

Listed by Harbor Realty & Management Gro

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Listing agent

— 317 14th St SW —

  • 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!

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NMLS#: 1598647

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

Schools serving 317 14th St SW

School District:Rochester Public School District
NameGradesDistance
Franklin Elementary School, Rochester, MN
1801 9th Avenue Southeast, Rochester, MN 55904
PK-51.1 mi
Mayo Senior High School
1420 11th Avenue Southeast, Rochester, MN 55904
9-121.1 mi
Willow Creek Middle School
2425 11th Avenue Southeast, Rochester, MN 55904
6-81.7 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 317 14th St SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/30/2026
Listed
$649,900
182.57%
MLS
8/23/2021
Sold
$230,000
—
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 317 14th St SW

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,848
3%
$394,300
57%
2023
$3,748
—
$251,500
27%
2023
$3,748
21%
$198,600
7%
2021
$3,092
1%
$185,100
6%
2020
$3,056
6%
$175,300
6%
2019
$2,872
—
$165,800
5%
2019
$2,872
8%
$158,000
4%
2017
$2,670
—
$151,400
19%
2017
$2,670
16%
$126,900
3%
2016
$2,298
—
$123,600
—
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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317 14th Street SW, Rochester, MN 55902 (MLS# 7101999) is a Commercial property. 317 14th Street SW is currently listed for $649,900 and was received on June 30, 2026. Want to learn more about 317 14th Street SW? 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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