730 5th St NW - Apartments FOR SALE


Rochester, MN 55902- Mayo Clinic
$1,975,000 USD
507-951-1147
730 5th St NW, Rochester, MN for Sale
$1,975,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

730 5th St NW
Rochester, MN 55902
Mayo Clinic


HIGHLIGHTS

  • Historic Building: Character-rich units in a classic setting.
  • Desirable Location: Situated near Mayo Clinic and St. Mary’s Hospital.
  • Walkable: Short distance to Downtown Rochester.
  • Attractive Unit Mix: Features a variety of floor plans.
  • Heated Off-Street Parking: A premium amenity for the local climate.
  • Market Growth: Driven by the expanding healthcare sector.

OVERVIEW

Located in Rochester’s historic southwest “Pill Hill” neighborhood, 730 5th St SW is a classic apartment building offering timeless character in one of the city’s most walkable and supply-constrained submarkets. The property features studio, one-, and two-bedroom units highlighted by hardwood floors, crown molding, large windows, and original architectural details that differentiate it from newer construction. Positioned just steps from Mayo Clinic, St. Mary’s Hospital, and downtown Rochester, the property benefits from consistent rental demand driven by one of the strongest healthcare economies in the country. Rochester’s continued population growth and the ongoing Destination Medical Center initiative further reinforce long-term housing stability and upside potential. With its irreplaceable location, historic charm, and durable demand drivers, 730 5th St SW represents a stable multifamily asset in the heart of a growing medical hub.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

15

PRICE/UNIT

$131,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pill Hill Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,410 SF

ZONING

Residential Multi-Family

APN/PARCEL ID

64.02.22.009639

ASK ABOUT THIS PROPERTY

Matt GoveRealty Growth, Inc.More Info
507-951-1147

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Matt GoveRealty Growth, Inc.More Info
507-951-1147

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.