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2920 18th Ave NW, Rochester, MN, 55901

4beds
2baths
2,496sqft
$399,000
$160price/sqft
$2,974/moest. monthly cost
$118,960/yrincome needed

About This Home

First time ever offered for sale, this original-owner duplex presents a rare opportunity for both owner-occupants and investors alike. Built in 1977 and thoughtfully maintained through private ownership and management, the property reflects years of consistent care and pride of ownership. Each side-by-side unit offers approximately 1,200 square feet, with private exterior entrances and a detached single-car garage space, creating a desirable setup for tenants seeking privacy and convenience. The functional floor plan features the living room, dining area, and kitchen on the upper level, while the lower level includes two bedrooms, a full bath, and in-unit laundry. Separately metered utilities allow tenants to pay all utilities directly, simplifying management and reducing owner expenses. Flexible current lease terms provide options for future occupancy or investment strategy. Conveniently located in the NW Crescent Park neighborhood, it is on the bus line. This property offers strong rental appeal and long-term potential, with a proven layout that continues to attract reliable tenants.

Getting Around

38
WalkingCar-Dependent
0
TransitVery Limited Transit
63
BikeBikeable

Schools

3/10
5/10
John Adams Middle SchoolGrades 6-80.2 mi

Construction

Condition

  • Year built: 1977

Materials

  • Roof: Age Over 8 Years,Asphalt
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex Side by Side

Interior

Appliances

  • Laundry features: Electric Dryer Hookup,Laundry Closet,In Unit,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Daylight,Finished,Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2

Features

  • Finished area below ground: 1,216
  • Finished area above ground: 1,280

Heating

  • Heating features: Baseboard,Boiler

Interior Area

  • Total structure area: 2,560
  • Total interior livable area: 2,496 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 742242004854
  • Zoning description: Residential-Multi-Family
  • Foundation area: 1280

Features

  • Levels: Multi/Split
  • Fencing: None

Lot

  • Lot size: 8,319 sqft
  • Features: Near Public Transit
  • Lot size dimensions: 110 x 76

Parking

  • Total spaces: 2
  • Parking features: Detached Garage,Concrete
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters in Olmsted County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,017$24,204
Home Insurance *$228$2,736
Property Taxes $519$6,228
Electricity $210$2,526
Total$2,974$35,688
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$101,965/yr
40% on housing$89,220/yr
45% on housing$79,306/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.0%
10.0%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 3.2%
3.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$160This listing

vs Other Active Listings

Avg $/sqft

ZIP 55901$149
Olmsted County$175

vs Homes Sold Last Month

Median $/sqft

ZIP 55901$175
Olmsted County$177

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-25Price change$399,000
2026-05-28Listed for sale$425,000

For Sale by Agent

AgentRon Wightman
BrokerageWightmanBrock Real Estate Advi

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