Rochester, MN 55902

$1,940,000

Property Type: Commercial Lot Size (sq. ft.): 5,227 Status: Closed

Current Price: $1,940,000 List Date: 6/04/2026 Last Modified: 8/27/2026

Overview

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 Details MLS# 7087050

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 5
Waterfront YN: No
Year Built: 1928
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Foundation Size: 4468
Garage Stalls: 5
For Sale or Lease: For Sale
Acres: 0.12
Lot Dimensions: 101x52
Assessment Pending: Unknown

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Concrete Financing Terms: Conventional Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Location Description: Downtown; Free Standing Lot Description: Corner Lot; Public Transit (w/in 6 blks) On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Off Market Date: 2026-06-20
Closed Date: 2026-07-20
Sales Close Price: 1940000
Contingency: None
ListPrice: 1975000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55902
Complex/Dev/Subdivision: Head & Mcmahon Add

Assessments

Tax With Assessments: 25254

Building Information

Building Finished SqFt: 12688

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 14
Section#: 2
Township#: 106

Sale Options

Sale Includes: Building

Unit Details

Total Units: 15

Listing Office: Realty Growth Inc.

Last Updated: August - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

, Rochester, MN 55902 (MLS# 7087050)