For Sale: Rochester MLS# 7087050
Active
NEW!
$1,975,000
Commercial: Other
Built 1928
0.12 acres
Rochester schools
MLS# 7087050
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Property Description
Located in Rochester’s Historic Southwest “Pill Hill” neighborhood, 730 5th St SW is a classic apartment building offering timeless character in one of the city’s most walkable and supply-constrained submarkets. The property features studio, one- and two-bedroom units highlighted by hardwood floors, crown molding, large windows, and original architectural details that differentiate it from newer construction.
Positioned just steps from Mayo Clinic, St. Mary’s Hospital, and downtown Rochester, the property benefits from consistent rental demand driven by one of the strongest healthcare economies in the country. Rochester’s continued population growth and the ongoing Destination Medical Center initiative further reinforce long-term housing stability and upside potential.
With its irreplaceable location, historic charm, and durable demand drivers, 730 5th St SW represents a stable multifamily asset in the heart of a growing medical hub.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,975,000
Property Type:
Commercial
City:
Rochester
Garage Spaces:
5
County:
Olmsted
Year Built:
1928
State:
MN
Property Style:
Other
Zip Code:
55902
Subdivision Name:
Head & Mcmahon Add
Exterior
Garage Spaces:
5
Foundation Size:
4,468 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Parking Garage
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.12
Geolocation:
44.018027, -92.474391
Inclusions:
Building
Lot Dimensions:
101 x 52
Zoning:
Residential-Single Family
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
Schools
School District:
535
District Phone:
5073283000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$25,254
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$25,254
Units
Total Units:
15
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Realty Growth Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.