897 16th Avenue Southeast, Rochester, MN 55904

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Falcon Landing Apartments.

Falcon Landing Apartments is a 36-unit multifamily investment opportunity comprised of three residential buildings arranged around a large shared courtyard-style lawn, creating an appealing community-oriented setting for residents. Built in 1991, the property offers a distinctive unit mix consisting entirely of four-bedroom residences, presenting investors with the opportunity to acquire a sizable rental community with larger floor plans than typically found in the market.

Across the property, residences average 1,050 square feet, with current rents averaging $1,377 per month and more recent move-ins at $1,500 per month. Falcon Landing Apartments sits on an expansive 3.47-acre site and features 104 surface parking spaces, providing ample parking for residents and guests. In 2025, the property underwent renovations including updated kitchens, new flooring, and replacement of a majority of the windows, allowing new ownership to benefit from meaningful capital improvements.

Located near Rochester Community and Technical College, Falcon Landing Apartments benefits from proximity to one of the area’s key education and renter demand drivers. Rochester, home to the

world-renowned Mayo Clinic, is one of Minnesota’s fastest-growing cities and a top destination for healthcare professionals and students. The strong employment base, low vacancy rates, and consistent population growth have fueled demand for quality rental housing, creating a landlord-favorable market with upward pressure on rents.