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Active
  • $439,000

    1351 5th Ave SE, Rochester, MN 55904

    7beds
    4baths
    3,360sqft
    : 
    Quadruplex
    Built in 1968
    -- sqft lot
    $432,700 Zestimate®
    $131/sqft
    $-- HOA

    What's special

    Quiet cul-de-sacCorner lot
    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!
    10 days
    on Zillow
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    739
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    37
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    Zillow last checked: 7 hours ago

    Listing updated: April 20, 2025 at 11:57am

    Listed by:

    Alex Brainard 507-722-2804,

    Harbor Realty & Management Group LLC

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6698192MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 1351 5th Ave SE.

    Next available tour time:Monday at 3:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    Heating
    • Boiler
    Features
    • Basement: Egress Window(s),Finished,Full
    Interior area
    • Total structure area: 3,360
    • Total interior livable area: 3,360 sqft
    • Finished area above ground: 3,360
    • Finished area below ground: 1,680

    Property

    Parking
    • Total spaces: 4
    • Parking features: Detached, Asphalt
    • Garage spaces: 4
    • Details: Garage Dimensions (40x20), Garage Door Height (7), Garage Door Width (9)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Multi/Split
    Lot
    • Size: 0.31 Acres
    • Dimensions: 460
    Details
    • Foundation area: 1668
    • Parcel number: 641222013410
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Brick/Stone, Metal Siding
    • Roof: Age 8 Years or Less
    Condition
    • Age of Property: 57
    • New construction: No
    • Year built: 1968

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    Community
    • Subdivision: Meadow Park Resub B-Torrens
    Location
    • Region: Rochester

    Financial & listing details

    • Price per square foot: $131/sqft
    • Tax assessed value: $389,000
    • Annual tax amount: $5,072
    • Date on market: 4/16/2025
    • Tenant pays: Gas, Sewer, Trash Collection
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