897 16th Avenue Southeast

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897 16th Avenue Southeast

Rochester, MN 55904
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B

What's Special

897 16th Avenue Southeast is located in the Slatterly Park neighborhood of Rochester, Minnesota. The property sits within a residential area characterized by mature trees and proximity to the Zumbro River. Residents have direct access to the city’s extensive paved trail system and are less than two miles from the downtown core and the Mayo Clinic campus. Nearby amenities include local parks, neighborhood shops along 4th Street, and convenient connections to Highway 14 and South Broadway Avenue. The location is well-suited for a multifamily asset targeting a diverse tenant base. Given the proximity to major medical facilities and downtown employers, the property typically appeals to healthcare professionals, local service workers, and students. The surrounding quiet residential character also makes it a viable option for small households seeking proximity to urban employment hubs while maintaining access to outdoor recreational spaces.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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