This home's estimate is 18.1% lower than the average sale price ($341K) of 6 comparable homes.
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- Property details
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709 Rochelle Ave S, Lanesboro, MN 55949
About this home
Turnkey Fourplex in Historic Lanesboro – Investment Opportunity. Don’t miss this fully occupied, turnkey fourplex located in the heart of historic Lanesboro, just steps from downtown shopping, dining, entertainment, and the scenic Root River Trail. This well-maintained property features a newer lower-level unit, separate electric meters for each unit, and strong rental history. Ideal for the owner-occupant or savvy investor looking to expand their portfolio in a sought-after area with excellent growth potential. Pictures include two out of the four apartments only.
Redfin Estimate
Market trends in 55949, MN
Last updated September 2026
Buyer's Market
Seller's Market
Balanced market
Provided by Redfin
Sale history for 709 Rochelle Ave S
As the MLS and public records start to fill up, we'll list the details here.
Public record
Property details
Parking
- Parking Information
- Parking Features: Gravel
Interior
- Bedroom Information
- # of Bedrooms: 6
- Laundry Room Information
- Laundry Features: Common Area, Lower Level
- Basement Information
- Has Basement
- Basement Features: Block, Egress Window(s), Finished, Full
- Heating & Cooling
- Heating Information: Forced Air
- Multi-Family Financial Information
- Owner Pays: Gas, Insurance, Grounds Care, Snow Removal, Taxes
- Fuel Expense: $1,620
- Insurance Expense: $3,632
- Maintenance Expense: $300
- Net Operating Income: $26,848
- Gross Income: $32,400
- Multi-Unit Information
- # of Units (Total): 4
- Unit Type 1 Information
- Sq. Ft.: 378
- # of Rooms Total: 4
- # of Bedrooms: 2
- # of Bathrooms: 1
- # of Full Bathrooms: 1
- Appliances: Microwave, Range, Refrigerator
- Cooling System: Window
- Amenities: Ceiling Fan(s), Countertops-Solid Surface, Kitchen Window, Main Floor Primary Bedroom
- # of Units: 1
- Unit Type 2 Information
- Sq. Ft.: 572
- # of Rooms Total: 4
- # of Bedrooms: 1
- # of Bathrooms: 1
- # of Full Bathrooms: 1
- Appliances: Microwave, Range, Refrigerator
- Cooling System: Window
- Amenities: Ceiling Fan(s), Countertops-Solid Surface, Kitchen Window, Main Floor Primary Bedroom, Tile Floors
- # of Units: 1
- Unit Type 3 Information
- Sq. Ft.: 630
- # of Rooms Total: 4
- # of Bedrooms: 2
- # of Bathrooms: 1
- # of Three Quarter Bathrooms: 1
- Appliances: Microwave, Range, Refrigerator
- Cooling System: Window
- Amenities: Ceiling Fan(s), Countertops-Solid Surface, Kitchen Window
- # of Units: 1
- Unit Type 4 Information
- Sq. Ft.: 588
- # of Rooms Total: 3
- # of Bedrooms: 1
- # of Bathrooms: 1
- # of Three Quarter Bathrooms: 1
- Appliances: Microwave, Range, Refrigerator
- Cooling System: Window
- Amenities: Countertops-Solid Surface
- # of Units: 1
Exterior
- Building Information
- Construction Materials: Block
- Foundation Area: 1,264
- Roof: Age 8 Years or Less, Asphalt
- Exterior Features
- Patio Porch Type: Enclosed,Rear Porch
- Property Information
- Above Ground Total Sq. Ft.: 2,264
- Below Ground Total Sq. Ft.: 1,264
- FractionalOwnershipYN: No
- Owner Occupied: No
- Property Type: Residential Income
- Property Sub Type: Quadruplex
- Above Grade Finished Area: 2,264
- Below Grade Finished Area: 588
- Lot Information
- Lot Size Area: 0.279
- Lot Size Units: Acres
- Lot Size Dimensions: 87x140
- Road Frontage Type: City Street, Paved Streets
Financial
- Tax Information
- Tax Annual Amount: $3,488
- Tax Year: 2025
- Tax With Assessments: $3,488
- Lease / Rent Details
- Tenant Pays: Electricity, Sewer, Trash Collection, Water
Utilities
- Utility Information
- Water Source: City Water/Connected
- Electric: Circuit Breakers
- Sewer: City Sewer/Connected
- Fuel: Natural Gas
Location
- HOA Information
- Association Amenities: Laundry
- School Information
- High School District: Lanesboro
- School District Number: 1103
- School District Phone: 5074672229
- Location Information
- Directions: From Hwy 16; South onto Rochelle Ave.
- Map Coordinate: 999-A1
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Multi-Family (2-4 Unit)
- Year Built: —
- Year Renovated: —
- County: Fillmore County
- APN: 190347020
Other
- Home Information
- Living Area: 2852
- Living Area Units: Square Feet
- Main Level Finished Area: 1634
- Foundation Dimensions: 1264
- Levels: Two
Around this home
Schools
Public PreK-6 • Assigned • 0.3mi
Public 7-12 • Assigned • 0.3mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 99° expected this year, 15 days in 30 years
Minor risk of severe winds over next 30 years
0 unhealthy days expected this year, 0 days in 30 years
Sun exposure
In this area, properties receive around 9.7 hours in June and 3.7 hours in December, which is comparable to the U.S. average for solar exposure.
Sell confidently with a local market expert in Lanesboro. 3 minutes to get started.
Nearby similar homes
Home values near 709 Rochelle Ave S
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | - Sq. Ft. | $148,017 |
4 Beds | 2 Baths | - Sq. Ft. | $171,993 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | - Sq. Ft. | $219,231 |
3 Beds | 1 Baths | - Sq. Ft. | $217,082 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 1190 Sq. Ft. | $157,726 |
4 Beds | 2 Baths | 1841 Sq. Ft. | $221,827 |
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