OFF MARKET

Off market feb 2023 for $452K

—

Est. refi paymentEst. refi $2,925/mo

•

—

sq ft

521 7th St SW, Rochester, MN 55902

About this home

Investor’s dream in Rochester’s Historic SW close to downtown and hospitals! Four units (three great living units and a heated garage/shop) with proven rental track records. Three levels of finished living space consisting of a large main floor unit with three bedrooms, a full bath, living room, dining room, kitchen, and private deck. The spacious upper level has two bedrooms, one full bath, large living and dining areas, and kitchen. The lower level is an efficiency with an eat-in kitchen, living/bedroom, and three-quarter bath. All tenants have access to the finished coin-operated laundry in the lower level. The insulated, heated, and finished garage/shop is a also a rental. Secure owner storage in the unfinished mechanical room in the basement plus there is an outdoor fenced storage area behind garage. Separate meters, newer roof and siding, newer furnaces and A/Cs, and tons of updates throughout.

Multi-familyProperty Type

1905Year Built

7,840 sq ftLot Size

2 car garageParking

Listed by Lori Reinalda • Re/Max Results

Redfin checked: 2 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #6327848

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 55902, MN

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.1%

0.6% MoM

Median sale price

$564K

$49K MoM

Avg. days on market

51d

8 days MoM

Recently sold homes

112

26 MoM

New listings for sale

OPEN TODAY, 2PM TO 3:30PM
$625,000
4 beds4 baths2,878 sq ft
1424 Windsor Chase Dr SW, Rochester, MN 55902
OPEN TODAY, 2PM TO 3:30PM
$305,000
3 beds2 baths1,900 sq ft
417 21st Ave SW, Rochester, MN 55902
$575,000
2 beds2 baths1,767 sq ft
3862 Berkshire Rd SW, Rochester, MN 55902
OPEN OCT 24, 11:30AM TO 1:30PM
$279,900
3 beds2 baths1,716 sq ft
1544 3rd Ave SW, Rochester, MN 55902
FOR SALE BY OWNER
$535,000
5 beds3 baths1,781 sq ft
1834 Gemini Dr SW, Rochester, MN 55902
$1,200,000
5 beds3 baths4,369 sq ft
5730 Heather Dr SW, Rochester, MN 55902
COMING SOON
$369,900
4 beds2 baths2,062 sq ft
3759 11th Ave SW, Rochester, MN 55902
$649,900
8 beds4 baths3,272 sq ft
317 14th St SW, Rochester, MN 55902
OPEN SUN, 10AM TO 11:30AM
$1,350,000
4 beds4 baths5,169 sq ft
2702 Mayo Prairie Ln SW, Rochester, MN 55902
$499,900
4 beds3 baths2,658 sq ft
3588 Hart Ln SW, Rochester, MN 55902
See all

Provided by Redfin

Sale history for 521 7th St SW

Year

Property tax

Land + Additions

Assessment*

2026

$7,816 (+2.7%)

$100,000 + $365,400

$465,400

2025

$7,610 (+105.5%)

$100,000 + $348,500

$448,500

2024

$3,704 (+4.9%)

$60,000 + $182,100

$242,100

2023

$3,532 (+1.1%)

$60,000 + $169,100

$229,100

2022

$3,492 (+8.6%)

$60,000 + $148,900

$208,900

2021

$3,216 (+0.2%)

$60,000 + $132,500

$192,500

2020

$3,208 (+6.4%)

$60,000 + $124,000

$184,000

2019

$3,014 (+11.5%)

$60,000 + $114,100

$174,100

2018

$2,702 (+0.7%)

$40,000 + $115,200

$155,200

2017

$2,682 (−6.7%)

$40,000 + $112,100

$152,100

2015

$2,874 (+39.2%)

$20,000 + $147,000

$167,000

2014

$2,064

$17,400 + $130,200

$147,600

Tax history for 521 7th St SW

Year

Property tax

Land + Additions

Assessment*

2026

$7,816 (+2.7%)

$100,000 + $365,400

$465,400

2025

$7,610 (+105.5%)

$100,000 + $348,500

$448,500

2024

$3,704 (+4.9%)

$60,000 + $182,100

$242,100

2023

$3,532 (+1.1%)

$60,000 + $169,100

$229,100

2022

$3,492 (+8.6%)

$60,000 + $148,900

$208,900

2021

$3,216 (+0.2%)

$60,000 + $132,500

$192,500

2020

$3,208 (+6.4%)

$60,000 + $124,000

$184,000

2019

$3,014 (+11.5%)

$60,000 + $114,100

$174,100

2018

$2,702 (+0.7%)

$40,000 + $115,200

$155,200

2017

$2,682 (−6.7%)

$40,000 + $112,100

$152,100

2015

$2,874 (+39.2%)

$20,000 + $147,000

$167,000

2014

$2,064

$17,400 + $130,200

$147,600

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

7,802 Sq. Ft.

Year renovated

1975

Sq. Ft.

2,986

Year built

1905

Style

Multi-Family (2-4 Unit)

County

Olmsted County

APN

640224009219

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 28, 2026.

R2X

Low Density Residential Infill

The R-2x district is intended to maintain and promote areas with a mixture of residential dwelling types of overall low- to medium-density near the downtown core. This district is established to support residential infill and reinvestment that is compatible with the existing characteristics of development. Certain supportive non-residential uses may be provided within the district.

Permitted uses

Include but are not limited to:

Housing-Senior
Library
Museum / gallery
Death related/funeral home

Jun 19, 2026 • Active

Residential appliance (furnace or ac) - licensed contractors only

HVAC

Oct 1, 2015 • Final

Residential mechanical (hvac)

Replace the furnace in apartment one.

HVAC

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Parking Information
Parking Features: Open
Garage Spaces: 2
Garage Dimensions: 18x38
Garage Sq. Ft.: 684
Carport Spaces: 0

Interior

Basement Information
Has Basement
Basement Features: Block, Stone/Rock

Heating & Cooling
Heating Information: Forced Air

Multi-Family Financial Information
Owner Pays: Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection
Fuel Expense: $1,026.57
Trash Expense: $420.11
Electric Expense: $2,696.91
Insurance Expense: $1,672
Maintenance Expense: $730
Other Expense: $1,346.49
Gross Income: $40,920

Multi-Unit Information
# of Units (Total): 3

Unit Type 1 Information
Sq. Ft.: 1,296
# of Rooms Total: 7
# of Bedrooms: 3
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range
# of Units: 1

Unit Type 2 Information
Sq. Ft.: 1,040
# of Rooms Total: 6
# of Bedrooms: 2
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range
# of Units: 1

Unit Type 3 Information
Sq. Ft.: 650
# of Rooms Total: 3
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range
# of Units: 1

Exterior

Building Information
Construction Materials: Vinyl Siding
Foundation Area: 1,040
Roof: Asphalt

Exterior Features
Patio Porch Type: Deck
Fencing: None

Property Information
Above Ground Total Sq. Ft.: 2,336
Below Ground Total Sq. Ft.: 1,040
FractionalOwnershipYN: No
Owner Occupied: No
Property Type: Residential Income
Property Sub Type: Triplex
Above Grade Finished Area: 2,336
Below Grade Finished Area: 919
Range Num: Three

Lot Information
Lot Features: Public Transit (w/in 6 blks)
Lot Size Area: 0.18
Lot Size Units: Acres
Lot Size Dimensions: 50x156
Road Frontage Type: City Street, Paved Streets, Sidewalks
Road Responsibility: Public Maintained Road

Financial

Tax Information
Tax Annual Amount: $3,492
Tax Year: 2022
Tax With Assessments: $3,492

Lease / Rent Details
Rental License Type: Standard
RentalLicense Y/N: Yes
Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Water

Utilities

Utility Information
Water Source: City Water/Connected
Electric: Circuit Breakers
Sewer: City Sewer/Connected
Fuel: Natural Gas

Location

HOA Information
Association Amenities: Coin-op Laundry Owned, Lobby Entrance

School Information
Elementary School: Folwell
Middle Or Junior High School: John Adams
High School: Mayo
High School District: Rochester
School District Number: 535
School District Phone: 507-328-3000

Location Information
Directions: Heading S on Broadway Ave S from downtown, R onto 6th St NW, L onto 6th Ave SW, L onto 7th St SW, Home on L.
Map Coordinate: 999-A1

Public facts

Beds: 5
Baths: 3.0
Sq. Ft.: 2,986
Stories: 2.0
Lot Size: 7,802 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1905
Year Renovated: 1975
County: Olmsted County
APN: 640224009219

Home facts updated by county records on Sep 28, 2026

Other

Home Information
Living Area: 3255
Main Level Finished Area: 1296.0000
Building Area Total: 3376
Age Of Property: 120
Levels: Two

Around this home

Schools

Folwell Elementary School

Public PreK-5 • Assigned • 0.8mi

8/10

John Adams Middle School

Public 6-8 • Assigned • 2.9mi

5/10

Mayo Senior High School

Public 9-12 • Assigned • 1.4mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 98° expected this year, 15 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Rochester, MN • 55902

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.7 hours in June and 3.6 hours in December, placing it below the U.S. average for solar exposure.

9.7 hrs

3.6 hrs

JuneDecember

Provided by Shadowmap

Sell confidently with a local market expert in Rochester. 3 minutes to get started.

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New listings for sale in 55902

OPEN TODAY, 2PM TO 3:30PM

$625,000

4 beds4 baths2,878 sq ft

1424 Windsor Chase Dr SW, Rochester, MN 55902

OPEN TODAY, 2PM TO 3:30PM

$305,000

3 beds2 baths1,900 sq ft

417 21st Ave SW, Rochester, MN 55902

$575,000

2 beds2 baths1,767 sq ft

3862 Berkshire Rd SW, Rochester, MN 55902

OPEN OCT 24, 11:30AM TO 1:30PM

$279,900

3 beds2 baths1,716 sq ft

1544 3rd Ave SW, Rochester, MN 55902

FOR SALE BY OWNER

$535,000

5 beds3 baths1,781 sq ft

1834 Gemini Dr SW, Rochester, MN 55902

$1,200,000

5 beds3 baths4,369 sq ft

5730 Heather Dr SW, Rochester, MN 55902

COMING SOON3D WALKTHROUGH

$369,900

4 beds2 baths2,062 sq ft

3759 11th Ave SW, Rochester, MN 55902

$649,900

8 beds4 baths3,272 sq ft

317 14th St SW, Rochester, MN 55902

OPEN SUN, 10AM TO 11:30AM

$1,350,000

4 beds4 baths5,169 sq ft

2702 Mayo Prairie Ln SW, Rochester, MN 55902

Home values near 521 7th St SW

Data from public records.

Address	Redfin Estimate
517 7th Street Southwest, Rochester, MN 3 Beds \| 2 Baths \| 898 Sq. Ft.	$431,199
529 7th Street Southwest, Rochester, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$408,557

Address	Redfin Estimate
429 7th Street Southwest, Rochester, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$361,142
525 7th Street Southwest, Rochester, MN 5 Beds \| 2 Baths \| - Sq. Ft.	$488,676

Address	Redfin Estimate
511 7th Street Southwest, Rochester, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$456,256
516 7th Street Southwest, Rochester, MN 3 Beds \| 2.5 Baths \| 1807 Sq. Ft.	$448,958

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2023. This data may not match . Learn more.

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