Lori Gustafson

1438 2nd Avenue Sw

Rochester, MN
$ 259,900 Beds 3 Baths 2 Sq 1,540 Virtual Tour
Monthly Estimate* How much can I afford?

Turnkey Investment and Charming Place to Call Home! This exceptionally well-cared-for home offers complete peace of mind with major structural updates already taken care of—including a NEW ROOF SHINGLES AND GUTTERS(2023), NEW FURNACE (2025) and NEW A/C (2026), NEW WATER HEATER(2026). FULL BASEMENT REMODEL(2019) INCLUDES ANOTHER BATHROOM W/ SHOWER Designed to be low-maintenance and easy to care for, this property is ideal for effortless living. Equipped with an active rental license and home to conscientious, long-term tenants, it presents a seamless, ready-to-go opportunity for investors. Whether you are looking to expand your rental portfolio or searching for a solid, comfortable home of your own, this move- in-ready property is a fantastic find. Situated in an ideal SW location with easy access to downtown. A short walk to the City Trails with scenic views along the river to Maywood or to Silver Lake Park and the downtown area. Walk to the grocery stores, coffee shops and some of the best local restaurants in town. A great find at an affordable price.

Single Family

  • Price
  • $ 259,900
  • City
  • Rochester
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • OLMSTED
  • Half Bathrooms
  • 0
  • Area
  • Grahams 2nd Add
  • Lot Size
  • 0.17 Acres
  • Zip
  • 55902
  • Sqr Footage
  • 1,540
  • Year Built
  • 1958
  • Taxes
  • $ 2904
  • Style
  • Single Family
  • MLS#
  • 7148328
Listed By: Re/Max Results
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1540
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age 8 Years or Less,Asphalt
Appliances Dishwasher,Dryer,Gas Water Heater,Range,Refrigerator,Washer
Garage Spaces 1
Construction Materials Frame
Year Built 1958
Electric Circuit Breakers
Levels One
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Olmsted
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Grahams 2nd Add
Other Structures Storage Shed
Full Baths 2
Directions 16th St SW to 2nd Ave SW,home on right
High School Mayo
City Rochester
High School District Rochester
Zoning Description Residential-Single Family
Lot Size Units Acres
Elementary School Ben Franklin
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 2904
Middle/Junior High School Willow Creek
Additional Parcels Y/N No
Virtual Tour https://my.matterport.com/show/?m=DN7MckBgnYv&mls=1
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Kitchen Window,Natural Woodwork,Washer/Dryer Hookup
PostalCity Rochester

Interior Features

Basement Block,Finished,Full,Storage Space
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 952
Laundry Features In Basement
Total Bedrooms 3
Below Grade Finished Area 588
Total Baths 2
Bath Desc Full Basement,Main Floor Full Bath
Dining Room Description Eat In Kitchen
Fuel Natural Gas
Garage Square Feet 288

Exterior Features

Fencing Partial,Privacy
Parking Features Attached Garage,Concrete,Garage Door Opener
Lot Features Public Transit (w/in 6 blks),Irregular Lot,Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.17
Building Area Total 1904
Lot Dimensions Irregular
Waterfront Y/N No
Foundation Area 952
Road Frontage Type City Street,Paved Streets
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 Ben Franklin Elementary School
Middle School Willow Creek Middle School
High School Mayo High School

Price History

9/23/2026 Listed $259,900

Property vs Zip Code Average in 55902

Price
AVG $860K
$260K
Taxes
AVG $6,762
$2,904
Year Built
AVG 1992
1958
Visits
AVG 172
4
Data Provided by Inside Real Estate®

Areas That We Cover

1438 2nd Avenue Sw Rochester, MN is a Single Family Home for sale at $259900 with 1540 sqft and a lot size of 0.17 Acres Acre(s). 1438 2nd Avenue Sw Rochester has 3 bedrooms, 2 baths and was built in 1958. 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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