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.
Closed
$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
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#: 6690094

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
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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