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1351 5th Avenue SE

Rochester, MN 55904

– beds
– baths
5,040 sqft
$87 per sqft
1968 build
– on site

Exceptional investment opportunity! Nestled on a beautifully maintained corner lot at the end of a quiet cul-de-sac, this fully occupied 4-plex offers the perfect blend of stability, income, and future potential. Pride of ownership shines throughout—from the meticulously cared-for exterior to the recent updates, including a brand new boiler in 2017 and a roof and gutter replacement in 2016, providing peace of mind for years to come. Residents enjoy the convenience of a spacious 4-car garage with a durable, maintenance-free steel roof, on-site coin-operated laundry facilities, and an additional storage shed—enhancing both comfort and practicality. The property’s stellar rental history and remarkably low vacancy rate underscore its appeal and reliability as a long-term asset. With untapped potential to boost returns through strategic rent increases and added parking charges, this property is poised to deliver impressive cash flow and value growth. Whether you’re a seasoned investor or just starting your real estate journey, this rare find presents the ideal combination of turnkey management and value-add opportunity. Don’t miss your chance to secure a high-performing asset in a sought-after location—opportunities like this don’t come around often!

Listing courtesy of NORTHSTAR / Alex Brainard / Harbor Realty & Management Group LLC

Last checked: Checking… • Last updated Apr 16, 2025 •

MLS# 6698192 —

The Building

Year Built:

1968
New Construction:

false
Age Of Property:

57
Construction Materials:

Brick/Stone, Metal Siding
Roof:

Age 8 Years or Less
Accessibility Features:

None
Levels:

Split Entry (Bi-Level)
Main Level Finished Area:

1680.0000
Basement:

Egress Window(s), Finished, Full
Basement:

true
Foundation Area:

1668
Building Area Total:

3360
Above Grade Finished Area:

3360
Below Grade Finished Area:

1680

Room Dimensions

Living Area:

5040

Location

Directions:

From Highway 63 North, head south into Rochester. Turn left onto 6th Street SE, then continue for a few blocks. Turn right onto 14th Avenue SE, then take a left onto 5th Avenue SE. The destination, 1351 5th Avenue SE, will be on your left
Latitude:

44.003743
Longitude:

-92.456572

The Property

Parcel Number:

641222013410
Zoning Description:

Residential-Multi-Family
Property Type:

Residential Income
Property Subtype:

Quadruplex
Additional Parcels:

false
Lot Size Area:

0.31
Lot Size Dimensions:

460
Lot Size Units:

Acres
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

5072
Tax With Assessments:

5072.0000

Heating & Cooling

Heating:

Boiler

Utilities

Sewer:

City Sewer/Connected

Appliances

Refrigerator:

Four

Schools

Elementary School:

Ben Franklin
Middle Or Junior School:

Willow Creek
High School:

Mayo
High School District:

Rochester

The Community

Subdivision Name:

Meadow Park Resub B-Torrens
Assessment Pending:

No

Parking

Parking Features:

Detached, Asphalt
Garage Spaces:

4
Garage Door Height:

7
Garage Door Width:

9
Garage Dimensions:

40x20
Garage SqFt:

800

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/15/25 Apr 15, 2025	Listed / Active	NORTHSTAR	$439,000	22.0% (11.6% / YR)
5/24/23 May 24, 2023		NORTHSTAR	$359,900
4/17/23 Apr 17, 2023		NORTHSTAR	$359,900

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This multifamily located in Meadow Park, Rochester, MN 55904 is currently for sale for $439,000. 1351 5th Avenue SE is a 5,040 square foot multifamily with – beds and – baths that has been on Estately for 1 days. 1351 5th Avenue SE is in the Meadow Park neighborhood of Rochester and has a WalkScore® of 62, making it somewhat walkable. This multifamily is in the attendance area of Mayo Senior High School, Franklin Elementary School, and Willow Creek Middle School.

Listing Courtesy of: NORTHSTAR and Harbor Realty & Management Group LLC.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.