SOLD DEC 15, 2025

Off market dec 2025 for $85K

$129,523

Est. refi paymentEst. refi $590/mo

•

—

sq ft

728 1st Ave SW #401, Rochester, MN 55902

About this home

Welcome to your very own downtown condo! This charming 2-bedroom, 1-bathroom condo spans 988 square feet of comfortable living space, perfect for those seeking both a cozy home or a solid rental income potential. The thoughtfully designed layout maximizes every square foot, featuring a spacious primary bedroom and additional bedroom ideal for guests or a home office. The single bathroom serves the unit efficiently, while the open living areas create a welcoming atmosphere that you or your tenants will love. Location is everything, and this property delivers. You're just steps away from convenient public transportation at the nearby bus station, making commutes effortless. Grocery shopping is a breeze with stores close by, while Rochester Parks and Recreation offers endless outdoor activities and green spaces for relaxation. The downtown setting provides excellent walkability and access to Rochester's vibrant dining, entertainment, and cultural scene. This condo represents an excellent entry point into Rochester's real estate market. Whether you're a first-time investor, expanding your portfolio, or needing a place to call "home", the combination of prime location, reasonable size, and strong rental demand makes this property a smart financial move. Don't miss this opportunity to own in one of Rochester's most desirable neighborhoods.

CondoProperty Type

1979Year Built

1,001 sq ftLot Size

Listed by Luke Ihde • Homes Plus Realty

Redfin checked: 2 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #6757106

Redfin Estimate

$129,523

$45K since sold in December 2025$20K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 6.8% lower than the average sale price ($139K) of 6 comparable homes.

SOLD SEP 14, 2026
$122,500
A
2 beds2 baths— sq ft
2120 Valleyhigh Dr NW Unit C102, Rochester, MN 55901
SOLD SEP 25, 2026
$127,500
B
2 beds1 bath— sq ft
607 19th St NW #16, Rochester, MN 55901
SOLD JUL 6, 2026
$130,000
C
2 beds1 bath— sq ft
207 5th Ave SW #204, Rochester, MN 55902
SOLD JUN 26, 2026
$124,000
D
2 beds1 bath— sq ft
2011 Viking Dr NW #32, Rochester, MN 55901
SOLD JUL 6, 2026
$215,000
E
2 beds1 bath— sq ft
2030 26th Ave NW, Rochester, MN 55901
SOLD APR 30, 2026
$115,000
F
2 beds1 bath— sq ft
2114 Valleyhigh Dr NW Unit B104, Rochester, MN 55901

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Earn from this home

Refinance

Est. cash available

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Rent

$1,411/mo

Redfin rental estimate

List your home for rent

Market trends in 55902, MN

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.7%

0.4% MoM

Median sale price

$615K

$35K MoM

Avg. days on market

43d

15 days MoM

Recently sold homes

140

9 MoM

New listings for sale

NEW 14 HRS AGO
$899,900
6 beds4 baths4,060 sq ft
2930 4th St SW, Rochester, MN 55902
$279,900
3 beds2 baths1,428 sq ft
1808 Lakeview Ct SW #204, Rochester, MN 55902
$539,900
4 beds3 baths2,718 sq ft
2042 Baihly Estates Ln SW, Rochester, MN 55902
OPEN SAT, 12:30PM TO 2PM
$349,900
1 bed3 baths2,854 sq ft
2241 Baihly Ln SW, Rochester, MN 55902
FOR SALE BY OWNER
$800,000
4 beds3 baths2,307 sq ft
4063 Autumn Lake Ct SW, Rochester, MN 55902
$789,900
6 beds4 baths4,124 sq ft
3019 Thaddeus Rd SW, Rochester, MN 55902
OPEN SAT, 10:30AM TO 11:30AM
$469,900
3 beds2 baths2,538 sq ft
717 Memorial Pkwy SW, Rochester, MN 55902
3D WALKTHROUGH
$459,900
4 beds3 baths2,762 sq ft
1926 Hart Dr SW, Rochester, MN 55902
OPEN SAT, 11:30AM TO 1PM
$539,900
3 beds2 baths1,602 sq ft
5048 Scenic View Dr SW, Rochester, MN 55902
3D WALKTHROUGH
$375,000
4 beds2 baths1,768 sq ft
812 11th St SW, Rochester, MN 55902
See all

Provided by Redfin

Sale history for 728 1st Ave SW #401

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #6757106

Dec 15, 2025

Sold

$85,000

Dec 9, 2025

Pending

—

Nov 14, 2025

Price Changed

$99,900

Sep 24, 2025

Price Changed

$159,900

Aug 27, 2025

Price Changed

$164,900

Aug 13, 2025

Price Changed

$169,900

Jul 18, 2025

Listed

$174,900

Public Records

Sep 30, 2014

Sold

$75,000

Public Records

May 15, 2009

Sold

$68,500

NORTHSTARMLS as Distributed by MLS Grid #3650082

May 11, 2009

Listing Removed

—

Feb 19, 2009

Listed

$79,900

Public Records

Dec 22, 2000

Sold

$73,000

Public Records

Jul 1, 1983

Sold

$54,000

Public Records

Jul 1, 1983

Sold

$57,500

Public Records

May 1, 1983

Sold

$57,500

Join or sign in to view all info

Year

Property tax

Land + Additions

Assessment*

2026

$1,844 (−0.8%)

$35,000 + $98,400

$133,400

2025

$1,858 (+11.0%)

$35,000 + $97,900

$132,900

2024

$1,674 (+4.2%)

$35,000 + $97,900

$132,900

2023

$1,606 (−3.3%)

$35,000 + $91,500

$126,500

2022

$1,660 (+4.4%)

$35,000 + $85,600

$120,600

2021

$1,590 (−1.0%)

$35,000 + $80,400

$115,400

2020

$1,606 (+31.6%)

$35,000 + $76,900

$111,900

2019

$1,220 (+5.7%)

$15,000 + $70,400

$85,400

2018

$1,154 (+6.3%)

$16,100 + $64,200

$80,300

2017

$1,086 (+6.3%)

$16,100 + $58,400

$74,500

2015

$1,022 (−0.6%)

$16,100 + $56,700

$72,800

2014

$1,028

$16,100 + $58,300

$74,400

Tax history for 728 1st Ave SW #401

Year

Property tax

Land + Additions

Assessment*

2026

$1,844 (−0.8%)

$35,000 + $98,400

$133,400

2025

$1,858 (+11.0%)

$35,000 + $97,900

$132,900

2024

$1,674 (+4.2%)

$35,000 + $97,900

$132,900

2023

$1,606 (−3.3%)

$35,000 + $91,500

$126,500

2022

$1,660 (+4.4%)

$35,000 + $85,600

$120,600

2021

$1,590 (−1.0%)

$35,000 + $80,400

$115,400

2020

$1,606 (+31.6%)

$35,000 + $76,900

$111,900

2019

$1,220 (+5.7%)

$15,000 + $70,400

$85,400

2018

$1,154 (+6.3%)

$16,100 + $64,200

$80,300

2017

$1,086 (+6.3%)

$16,100 + $58,400

$74,500

2015

$1,022 (−0.6%)

$16,100 + $56,700

$72,800

2014

$1,028

$16,100 + $58,300

$74,400

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

Public record

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

1990

Sq. Ft.

988

Year built

1979

Style

Condo/Co-op

County

Olmsted County

APN

640214025309

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 28, 2026.

Property details

Parking

Parking Information
Parking Features: Covered, Guest Parking
Carport Spaces: 1

Interior

Bedroom Information
# of Bedrooms: 2

Bathroom Information
# of Full Baths (Total): 1

Room 1 Information
Room Type: Bathroom
Room Level: Main

Room 2 Information
Room Type: Dining Room
Room Dimensions: 8x10
Room Level: Main

Room 3 Information
Room Type: Bedroom
Room Dimensions: 10x12
Room Level: Main

Room 4 Information
Room Type: Kitchen
Room Dimensions: 11x10
Room Level: Main

Room 5 Information
Room Type: Living Room
Room Dimensions: 14x17
Room Level: Main

Room 6 Information
Room Type: Bedroom 2
Room Dimensions: 10x12
Room Level: Main

Laundry Room Information
Laundry Features: Laundry Closet, Main Level, In Unit

Basement Information
Basement Features: None

Dining Room Information
Dining Room Features: Informal Dining Room,Living/Dining Room

Other Rooms Information
All Living Facilities on One Level,Main Floor Primary,Main Floor Bedroom,Main Floor Laundry

Heating & Cooling
Heating Information: Forced Air
Cooling Information: Central Air

Interior Features
Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer

Exterior

Building Information
Construction Materials: Concrete, Frame
Foundation Area: 988
Roof: Flat

Waterfront Information
Waterfront Features: River Front, River View

Property Information
Above Ground Total Sq. Ft.: 988
FractionalOwnershipYN: No
Property Type: Residential
Property Sub Type: High Rise
Attached Property
Accessibility Features: Accessible Elevator Installed
Above Grade Finished Area: 988
Amenities: Balcony

Lot Information
Lot Size Area: 0.023
Lot Size Units: Acres
Lot Size Dimensions: common
Road Frontage Type: City Street, Paved Streets, Sidewalks, Storm Sewer
Road Responsibility: Public Maintained Road

Financial

Tax Information
Tax Annual Amount: $1,674
Tax Year: 2024
Tax With Assessments: $1,674

Lease / Rent Details
Rental License Type: Standard
RentalLicense Y/N: Y

Utilities

Utility Information
Water Source: City Water/Connected
Electric: Circuit Breakers
Power Company Name: Rochester Public Utilities
Sewer: City Sewer/Connected
Fuel: Electric

Location

HOA Information
Association Name: Infinity Real Estate and Management
Has HOA
Association Amenities: Elevator(s), Fire Sprinkler System, Lobby Entrance
Association Fee: $275
Association Fee Frequency: Monthly
Association Fee Includes: Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Mgmt, Sewer, Snow Removal, Water

School Information
Elementary School: Folwell
Middle Or Junior High School: John Adams
High School: Mayo
High School District: Rochester
School District Number: 1929
School District Phone: 5073283000

Location Information
Directions: From Broadway, west on 6th St SW, south on 1st Ave SW
Map Coordinate: 999-A1

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 988
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: 1979
Year Renovated: 1990
County: Olmsted County
APN: 640214025309

Home facts updated by county records on Sep 28, 2026

Other

Home Information
Living Area: 988
Living Area Units: Square Feet
Main Level Finished Area: 988
Levels: One

About this building

Sorry, but there are no photos available for the building.

No units for sale

728 1st Ave SW Rochester, MN, 55902

See photos & sale trends

Photo not available

Units for sale

Unit Information Not Available

There aren't any units for sale in this building.

Around this home

Schools

Folwell Elementary School

Public PreK-5 • Assigned • 1.1mi

8/10

John Adams Middle School

Public 6-8 • Assigned • 3.1mi

5/10

Mayo Senior High School

Public 9-12 • Assigned • 1.1mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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

Estimated sale price

$124,000 – $149,000

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

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New listings for sale in 55902

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OPEN SAT, 12:30PM TO 2PM

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FOR SALE BY OWNER

$800,000

4 beds3 baths2,307 sq ft

4063 Autumn Lake Ct SW, Rochester, MN 55902

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OPEN SAT, 10:30AM TO 11:30AM

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3D WALKTHROUGH

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OPEN SAT, 11:30AM TO 1PM

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Home values near 728 1st Ave SW #401

Data from public records.

Address	Redfin Estimate
728 1st Ave SW Apartment 202, Rochester, MN 2 Beds \| 1 Baths \| 988 Sq. Ft.	$157,162
728 1st Ave SW Apartment 101, Rochester, MN 2 Beds \| 1 Baths \| 988 Sq. Ft.	$143,181

Address	Redfin Estimate
728 1st Ave SW Apartment 503, Rochester, MN 2 Beds \| 1 Baths \| 988 Sq. Ft.	$153,472
728 1st Ave SW Apartment 103, Rochester, MN 2 Beds \| 1 Baths \| - Sq. Ft.	$119,066

Address	Redfin Estimate
728 1st Ave SW Apartment 304, Rochester, MN 2 Beds \| 1 Baths \| 988 Sq. Ft.	$148,658
728 1st Ave SW Apartment 402, Rochester, MN 2 Beds \| 1 Baths \| 988 Sq. Ft.	$125,527

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 55902, MN

Sale history for 728 1st Ave SW #401

Tax history for 728 1st Ave SW #401

Public record

Property details

About this building

Unit Information Not Available

Around this home

Schools

Lifestyle

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 55902

Home values near 728 1st Ave SW #401

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