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306 10th Ave NE, Rochester, MN, 55906

2beds
1baths
2,184sqft
$220,000
$101price/sqft
$1,687/moest. monthly cost
$67,480/yrincome needed

About This Home

We’re excited to share an up/down duplex located on a quiet street in Rochester, close to the city bus line and all the amenities the area has to offer. This well-positioned property is perfect for a first-time investor or a valuable addition to an existing portfolio. The main level unit features 2 bedrooms and 1 bathroom, with private basement access that includes a washer and dryer. It comes equipped with a dishwasher, microwave, range, and refrigerator. The upper unit offers 1 bedroom and 1 bathroom and has been occupied by a long-term tenant whose rent is covered by a local nonprofit. Appliances in this unit include a refrigerator and oven. While the upper unit is expected to require cosmetic updates such as paint, flooring, and cabinet improvements upon turnover, the tenant is anticipated to stay for the foreseeable future. This duplex provides immediate rental income with the potential to increase cash flow through strategic updates. It’s a rare opportunity to own a property in a strong location with built-in stability and room for appreciation.

Getting Around

43
WalkingCar-Dependent
0
TransitVery Limited Transit
85
BikeVery Bikeable

Schools

7/10
4/10
Kellogg Middle SchoolGrades 6-81.1 mi
8/10

Construction

Condition

  • Year built: 1920

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex Up and Down

Interior

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,430

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 2,184
  • Total interior livable area: 2,184 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 743631020123
  • Zoning description: Residential-Multi-Family
  • Foundation area: 754

Features

  • Levels: One and One Half

Lot

  • Lot size: 5,880 sqft
  • Lot size dimensions: 118 x 48

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
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Tornado
Winter Weather
Hail
Strong Wind

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 $1,112$13,344
Home Insurance *$110$1,320
Property Taxes $281$3,372
Electricity $184$2,210
Total$1,687$20,244
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$57,840/yr
40% on housing$50,610/yr
45% on housing$44,986/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

$101This listing

vs Other Active Listings

Avg $/sqft

ZIP 55906$170
Olmsted County$175

vs Homes Sold Last Month

Median $/sqft

ZIP 55906$178
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
2026-05-08Listed for sale$220,000
2025-08-17Listing removed$234,900
2025-06-19Price change$234,900
2025-04-03Listed for sale$239,900
2019-11-01Sold$145,000
2019-09-12Pending sale$145,000
2019-09-10Listed for sale$145,000
2019-09-10Pending sale$145,000
2019-09-10Listed for sale$145,000
2014-09-18Listing removed$850
2014-09-10Price change$850
2014-08-09Price change$875
2014-08-04Listed for rent$895

For Sale by Agent

AgentAlex Brainard
BrokerageHarbor Realty & Management Gro

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