2 months on rocket

723 1st St SW, Rochester, MN, 55902

$375,000

Home List Price

$4,453*

Closing Credit

0 Baths
2,211 SqFt
$170/SqFt
Multi

Location

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723 1st St SW, Rochester$375,000

Buyer Closing Credits

$4,453*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Garage1 space
Year Built1908
HeatingForced Air
BasementYes
MLS #6611155
StatusActive

About 723 1st St SW

Discover this prime triplex in the heart of Rochester! Perfectly located near downtown and Mayo Clinic, this property features three spacious units, each offering modern amenities, updated kitchens, and bright, open living spaces. With excellent rental potential, this triplex is ideal for investors or owner-occupiers. Ample parking, separate utilities, and a well-maintained exterior make this a hassle-free investment. Whether you're looking to expand your portfolio or find your next home with rental income, this property is a must-see!

Property Details

Property Features

Property Information:

  • Year Built: 1908
  • Living Area: 2,211 SqFt

Listing Office:

  • Office Name: Century 21 Atwood Rochester

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 1 space

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Traveling East , away from HWY 52, on 2nd ST SW, turn left on 7th Ave SW, turn left on 1st ST SW

Price Information

Listing Price Info

Price Summary:

  • List Price: $375,000
  • Price Per SqFt: $170/SqFt

Tax Information:

  • Annual Amount: $4,518
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Rochester, MN.

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Rochester, MN

City

Med. Sold Price

$325K

Med. Price/SqFt

$172

Avg. Days On Market

38

# of Sold Homes

106

723 1st St SW vs Rochester

81 DAYS ON ROCKET

+43 Days

$375,000

+$50K More

$170/SqFt

-$3 Less

KEY TAKEAWAY

This property is $50K more than the Median Sold Price and $3/SqFt less than other homes in Rochester, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6611155

Listing Office:

  • Office Name: Century 21 Atwood Rochester

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Last updated on: 12/22/2024, 9:22:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 22, 2017Home Sold
$277,500
Jul 28, 2015Home Sold
$195,000
Apr 06, 2010Home Sold
$147,500

Tax History

YEARPROP. TAXASSESSMENT
2020$4,518$270,400
2019$4,002$229,500
2017$3,650$191,200

History based on county public records data.

Payment Calculator

$1,939

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,191

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-940196
9
/10

  • Byron Intermediate School

  • 501 10th Ave NE

  • 7.82 miles

  • Public District Grades 3-5

school-card-donut-940197
7
/10

  • Bear Cave Intermediate School

  • 1021 10th St NW

  • 11.04 miles

  • Public District Grades 3-5

school-card-donut-940198
8
/10

  • Dover-Eyota Elementary School

  • 27 Knowledge Rd SW

  • 12.45 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,935. Residents of Rochester, MN typically earn less than $35k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Olmsted County›Rochester›55902›723 1st St SW

This home is located at 723 1st St SW in Rochester, MN and zip code 55902 in the Kutzky Park neighborhood. This 2,211 square foot home was built in 1908. It has been listed on Rocket Homes since October 01, 2024 and is currently priced at $375,000.

In November 2024 more than 26 listings in Rochester, MN were sold above the asking price. During the same period more than 32 listings were sold at asking price, while more than 48 were sold below. The number of listings in Rochester, MN decreased by 7.9% between October 2024 and November 2024. In November 2024 median list price was $325,000 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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