708 5th ST SW, Rochester, MN 55902 – 6690094 - Luke Chase

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Luke Chase

Team Steady | RE/MAX Results

luke@ts-re.com +1(612) 418-9979

$459,900

Est. payment - /mo

2,347 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,347 sqft

Price per Sqft $195

Subdivision Head & Mcmahon Add

MLS Listing ID 6690094

Year Built 1930

Annual Tax Amount $3,234

Tax Year 2024

Contingent None

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 321

Property Sub-Type Quadruplex

Property Description

Opportunities like this don't come around often—nestled in the highly sought-after Pill Hill and Folwell neighborhoods, this one-of-a-kind property, affectionately referred to as “The Cottages,” offers four unique units across three separate buildings. This is not just a real estate purchase—it's an investment in charm, character, and long-term potential.

The front side-by-side duplex has been tastefully updated, showcasing thoughtful finishes and modern touches while maintaining its timeless appeal. These units are already generating impressive income, proving their value with strong tenant demand and solid rent rolls. Behind the duplex, two standalone single-family homes provide versatility and additional upside, with plenty of room to grow rents through simple cosmetic upgrades.

Major capital improvements have already been taken care of—all roofs have been replaced within the last five years, giving peace of mind to any investor and reducing near-term maintenance concerns. The heavy lifting is done, allowing you to focus on value-add opportunities that truly move the needle.

Whether you're a seasoned investor looking to expand your portfolio or someone entering the market for the first time, this stabilized asset checks all the boxes. With a history of strong occupancy, minimal turnover, and easy-to-maintain layouts, this property has been a consistent performer. Tenants love the walkability, the charm of the neighborhood, and the close proximity to downtown Rochester, Mayo Clinic, parks, shops, and more.

This property is more than just a solid performer—it's a canvas for future growth. With a few well-chosen upgrades, the income potential here could soar, turning this already-profitable gem into a true cash-flow cow.

Don't miss your chance to own a slice of Rochester's most beloved neighborhoods. Whether you're holding for steady passive income or planning a value-add strategy, The Cottages are ready to deliver.

Location

State MN

County Olmsted

Zoning Residential-Multi-Family

Rooms

Basement Full

Interior

Heating Forced Air

Fireplace No

Exterior

Garage Spaces 1.0

Roof Type Architectural Shingle

Building

Story One

Foundation 2347

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One

Structure Type Wood Siding

New Construction false

Schools

Elementary Schools Folwell

Middle Schools Willow Creek

High Schools Mayo

School District Rochester

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Listed by Alex Brainard • Harbor Realty & Management Group LLC

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708 5th ST SW Rochester, MN 55902