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708 5th Street SW

Rochester, MN 55902

– beds
– baths
2,347 sqft
$195 per sqft
1930 build
– on site

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.

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

Last checked: Checking… • Last updated Mar 30, 2025 •

MLS# 6690094 —

The Building

Year Built:

1930
New Construction:

false
Age Of Property:

95
Construction Materials:

Wood Siding
Roof:

Architectural Shingle
Accessibility Features:

None
Levels:

One
Main Level Finished Area:

2347.0000
Basement:

Full
Basement:

true
Foundation Area:

2347
Building Area Total:

4179
Above Grade Finished Area:

2347

Room Dimensions

Living Area:

2347

Location

Directions:

From Highway 52, take the exit for 6th Street SW and head east. Continue straight as 6th Street SW becomes 6th Street SE. Turn right onto 7th Avenue SE, then take the next left onto 5th Street SE. The destination, 708 5th Street SE, will be on your right.
Latitude:

44.01802
Longitude:

-92.473647

The Property

Parcel Number:

640221009643
Zoning Description:

Residential-Multi-Family
Property Type:

Residential Income
Property Subtype:

Quadruplex
Additional Parcels:

false
Lot Size Area:

0.13
Lot Size Dimensions:

321
Lot Size Units:

Acres
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

3234
Tax With Assessments:

3234.0000

Heating & Cooling

Heating:

Forced Air

Utilities

Sewer:

City Sewer/Connected

Appliances

Refrigerator:

Four

Schools

Elementary School:

Folwell
Middle Or Junior School:

Willow Creek
High School:

Mayo
High School District:

Rochester

The Community

Subdivision Name:

Head & Mcmahon Add
Assessment Pending:

No

Parking

Garage Spaces:

1
Garage SqFt:

200

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
3/29/25 Mar 29, 2025	Listed / Active	NORTHSTAR	$459,900

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This multifamily located in Edison, Rochester, MN 55902 is currently for sale for $459,900. 708 5th Street SW is a 2,347 square foot multifamily with – beds and – baths that has been on Estately for 2 days. 708 5th Street SW is in the Edison neighborhood of Rochester and has a WalkScore® of 66, making it somewhat walkable. This multifamily is in the attendance area of Willow Creek Middle School, Folwell Elementary School, and Mayo Senior High 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.