Lori Gustafson

432 16th Ave Sw

Rochester, MN
$ 350,000 Beds 2 Baths 2 Sq 1,326
Monthly Estimate* How much can I afford?

Discover the convenience of this charming ranch home, ideally located within two blocks of St. Mary’s Hospital and within walking distance of Mayo Clinic’s campus in the heart of downtown. The main level features two bedrooms with timeless hardwood floors and cedar lined closets, two renovated baths, a spacious sunroom with a freestanding gas fireplace, laundry room, kitchen, and an informal dining area. A versatile sunny bonus room off the living room offers additional space for a recreation room, home office, or potential third bedroom. The inviting living room showcases a classic wood-burning fireplace with a brick surround and built-in bookshelves. Recent updates include newer windows, LVP flooring, HVAC, tile, and fresh paint. The large unfinished walk-out basement offers flexibility with a two-car tandem tuck-under garage, storage, a workshop and craft space. Outside, enjoy a spacious, mostly fenced backyard with brick patio and handy storage shed—perfect for relaxing or tackling your lawn and gardening projects. With its exceptional location, versatile living spaces, and potential for future equity, this home is a must-see. Schedule your showing today!

Single Family

  • Price
  • $ 350,000
  • City
  • Rochester
  • Bedrooms
  • 2
  • Full Bathrooms
  • 2
  • County
  • OLMSTED
  • Half Bathrooms
  • 0
  • Area
  • Westlawn Add
  • Lot Size
  • 0.200872 Acres
  • Zip
  • 55902
  • Sqr Footage
  • 1,326
  • Year Built
  • 1947
  • Taxes
  • $ 4488
  • Style
  • Single Family
  • MLS#
  • 7127354
Listed By: Counselor Realty of Rochester
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1326
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Asphalt
Appliances Dryer,Humidifier,Gas Water Heater,Range,Refrigerator,Washer
Garage Spaces 2
Pool Features None
Construction Materials Block,Frame
Year Built 1947
Electric Circuit Breakers,150 Amp Service
Levels One
Property Subtype Single Family
Tax Year 2026
Accessibility No Stairs Internal
County Olmsted
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Westlawn Add
Other Structures Storage Shed
Full Baths 1
Directions Road construction on 2nd Street SW,may cause delays. Best to access the home via 6th St SW turning north on 15th Ave SW then onto 5th St SW,then onto 16th Ave SW. Home on right side.
High School Mayo
City Rochester
High School District Rochester
Zoning Description Residential-Single Family
Lot Size Units Square Feet
Elementary School Folwell
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 4488.88
Middle/Junior High School John Adams
Additional Parcels Y/N No
Standard Status Active
Lender Owned Yes
Amenities Unit Cable,Ceiling Fan(s),Hardwood Floors,Kitchen Window,Main Floor Primary Bedroom,Patio,Sun Room,Tile Floors,Washer/Dryer Hookup
PostalCity Rochester

Interior Features

Basement Block,Full,Unfinished,Walkout
Total Fireplaces 1
Fireplace Features Living Room,Wood Burning
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1326
3/4 Baths 1
Laundry Features Electric Dryer Hookup,Main Level,Washer Hookup
Total Bedrooms 2
Total Baths 2
Bath Desc Main Floor 3/4 Bath,Main Floor Full Bath
Dining Room Description Informal Dining Room
Fuel Natural Gas
Garage Dimensions 40x10
Garage Square Feet 400

Exterior Features

Fencing Chain Link,Partial
Parking Features Concrete,Garage Door Opener,Tandem Garage,Tuckunder Garage
Lot Features Public Transit (w/in 6 blks)
Water Source City Water/Connected
Lot Size Area 8750
Building Area Total 2652
Lot Dimensions 175x50
Waterfront Y/N No
Foundation Area 1326
Road Frontage Type City Street,Sidewalks
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Folwell Elementary School
Middle School John Adams Middle School
High School Mayo High School

Price History

8/28/2026 Listed $385,000
9/11/2026 7% - $360,000
9/24/2026 3% - $350,000

Property vs Zip Code Average in 55902

Price
AVG $860K
$350K
Taxes
AVG $6,762
$4,488
Year Built
AVG 1992
1947
Visits
AVG 172
17
Data Provided by Inside Real Estate®

Areas That We Cover

432 16th Ave Sw Rochester, MN is a Single Family Home for sale at $350000 with 1326 sqft and a lot size of 0.200872 Acres Acre(s). 432 16th Ave Sw Rochester has 2 bedrooms, 2 baths and was built in 1947. The property's zip code is 55902 which is in Rochester, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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