310 5th Street SE Rochester, MN 55904

$580,000
Active
Low Rise 3- Level  |  MLS # 6692410
Active
  • front
    front
  • single family home
    single family home
  • front
    front
  • hallway
    hallway
  • unit 320 #6
    unit 320 #6
  • Kitchen
    Kitchen
  • Kitchen
    Kitchen
  • Kitchen
    Kitchen
  • Kitchen
    Kitchen
  • Hallway closet
    Hallway closet
  • bedroom
    bedroom
  • hallway
    hallway
  • hallway
    hallway
  • bathroom
    bathroom
  • Living room
    Living room
  • Living room
    Living room
  • Bathroom
    Bathroom
  • Bathroom
    Bathroom
  • bathroom
    bathroom
  • Bathroom
    Bathroom
  • 318 unit #3
    318 unit #3
  • 318 unit #3
    318 unit #3
  • Kitchen
    Kitchen
  • Kitchen
    Kitchen
  • living room
    living room
  • Bedroom #1
    Bedroom #1
  • Bedroom #2
    Bedroom #2
  • Bedroom #2
    Bedroom #2
  • Bathroom
    Bathroom
  • hallway
    hallway
  • utility room
    utility room
  • utility room
    utility room
  • utility room
    utility room
  • Hallway
    Hallway
  • hallway
    hallway
  • hallway
    hallway
  • hallway
    hallway
  • hallway
    hallway
  • closet
    closet
  • Back yard
    Back yard

About The Listing

Rare Investment Opportunity in the Heart of Downtown Rochester this unique value-add opportunity featuring 7 total units across two separate buildings, including a single-family home. The unit mix is well poised for amazing return with 5- 2 bedroom 1 bath units and 2 - 1 bedroom, 1 bath units.

Located just one block from the Government Center and a short 5-minute walk to the Mayo Clinic, this property is ideally situated near schools, parks, and all the amenities downtown Rochester has to offer. The prime location ensures consistently high occupancy and strong tenant demand.

Many tenants have called this property home for 5+ years, with a couple of residents staying for over two decades, showcasing the stability and desirability of this asset.

This is a fantastic opportunity for investors looking to enhance income with minimal effort—simply installing RUBS (Ratio Utility Billing System) and completing modest updates could significantly increase revenue. Alternatively, continue operating as-is and enjoy steady, predictable returns from a well-performing asset.

Whether you're making your first investment or expanding a seasoned portfolio, this property offers location, long-term tenancy, and upside potential—making it a true cash flow king.


Listing courtesy of Alex Brainard, Harbor Realty & Management Group LLC
Ask a Question
Your message has been sent.
Oops! that doesn't seem right.
SEND
Sign Up for a Free Monthly Market Report
Never miss out on the latest stats trends and homes in your community.
Get It Now

Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1961
MLS #: 6692410
Garage Spaces: 0
Parking Description: Asphalt, Parking Lot
Sewer Description: City Sewer/Connected
Air Conditioning Type: Wall Unit(s)
Water: City Water/Connected
Heat Type: Boiler
Construction Description: Brick/Stone, Metal Siding
Roof Description: Age 8 Years or Less
Disability Features: None
Latest Update: 03/30/2025
List Date: 03/29/2025
Listing Agent ID: 503514440
Listing Office: Harbor Realty & Management Group LLC
Listing Office ID: 253039
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Range, Refrigerator
Lot Dimensions: 8111
Lot Size: 0.19 Acres
School District: Rochester
Tax Year: 2024
Estimated Taxes: $7,880
Contingency Type: None
City: Rochester
Zip: 55904
County: Olmsted
Subdivision: East Rochester Add-Part Torrens
State: MN
Listing last updated: 03/30/25

® Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than the owner of this website are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Digital Millennium Copyright Act (DMCA) Notice The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to Michael Bisping, Director, Customer Relations, Regional Multiple Listing Service of Minnesota, Inc, 2550 University Avenue West, Suite 259S Saint Paul, MN 55114 or by email to mbisping@northstarmls.com. Questions can be directed by phone to 651-251-3200. The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint. Information Deemed Reliable but not guaranteed.