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  • $445,000

    708 5th St SW, Rochester, MN 55902

    5beds
    4baths
    4,179sqft
    Quadruplex
    Built in 1930
    -- sqft lot
    $446,800 Zestimate®
    $106/sqft
    $1,544 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: May 09, 2025 at 04:47pm

    Listed by:

    Alex Brainard 507-722-2804,

    Harbor Realty & Management Group LLC

    Bought with:

    David Edwards

    Dwell Realty Group LLC

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6690094MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    Heating
    • Forced Air
    Features
    • Basement: Full
    Interior area
    • Total structure area: 4,179
    • Total interior livable area: 4,179 sqft
    • Finished area above ground: 2,347
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage
    • Garage spaces: 1
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Patio & porch: Deck, Rear Porch
    Lot
    • Size: 5,662 sqft
    • Dimensions: 321
    Details
    • Foundation area: 2347
    • Parcel number: 640221009643
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Wood Siding
    Condition
    • Age of Property: 95
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & neighborhood

    Location
    • Region: Rochester
    • Subdivision: Head & Mcmahon Add
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $446,800

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $446,800