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33317166
33317168

730 5th St SW, Rochester, MN 55902

DC
MN 40372226
Realty Growth Incorporated
MG
Minnesota
Realty Growth Incorporated
Listed by Realty Growth Incorporated
$1,975,000
1 day on market
Updated 0 days ago

Pill Hill Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,668
Units 15
Cap Rate 6.93%
NOI $136,801
Tenancy Multi
Year Built 1928
Buildings 1
Stories 3
Acreage 0.120
Zoning R-1 Mixed Use Single Family
Investment Type Stabilized

Multifamily | 6.93% CAP | 15 Units

Marketing 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.

Investment highlights

-Historic Building with Character Rich Units

-Highly Desirable Location Near Mayo Clinic & St. Mary’s Hospital

-Walking Distance to Downtown Rochester

-Attractive Unit Mix

-Limited Off-Street Parking

-Healthcare Drive Market Growth

Listing Contacts

DC
MN 40372226
Realty Growth Incorporated
MG
Minnesota
Realty Growth Incorporated
Listed by Realty Growth Incorporated

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$136,801.00
$11,400.08/mo

Valuation Metrics

0
DSCR
6.93%
Cap Rate
6.93%
ROI

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