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  • $428,000

    1351 5th Ave SE, Rochester, MN 55904

    7beds
    4baths
    3,360sqft
    Quadruplex
    Built in 1968
    -- sqft lot
    $-- Zestimate®
    $127/sqft
    $1,481 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,481/mo

    Zestimate® history
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    What's special

    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. Check out the brand new asphalt driveway! Don’t miss your chance to secure a high-performing asset in a sought-after location—opportunities like this don’t come around often!

    Zillow last checked: 8 hours ago

    Listing updated: September 05, 2025 at 03:17pm

    Listed by:

    Alex Brainard 507-722-2804,

    Harbor Realty & Management Group LLC

    Bought with:

    Hunter J. Bradford

    Keller Williams Premier Realty

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

    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 & neighborhood

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

    Price history

    DateEventPrice
    9/5/2025Sold$428,000-2.5%$127/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6698192
    7/13/2025Pending sale$439,000$131/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6698192
    4/16/2025Listed for sale$439,000+22%$131/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6698192
    5/24/2023Sold$359,900$107/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6351590
    4/17/2023Pending sale$359,900$107/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6351590

    Public tax history

    YearProperty taxesTax assessment
    2024$4,791 $389,000 +24.2%
    2023-- $313,100 +11.3%
    2022$4,494 +0%$281,400 +4.6%

    Find assessor info on the county website

    Neighborhood: Meadow Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Ben Franklin
    • Middle: Willow Creek
    • High: Mayo

    Source: NorthstarMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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