708 5th Street SW Rochester, MN 55902

$459,900
Active
estimated monthly payment
2,347 Sq Ft  |  Quadruplex  |  MLS # 6690094
  • 714 front & garage
    714 front & garage
  • 712 front entrance
    712 front entrance
  • 708 & 710 entrance
    708 & 710 entrance
  • 710 Kitchen
    710 Kitchen
  • 710 Kitchen
    710 Kitchen
  • 710 Dining room
    710 Dining room
  • 710 bedroom
    710 bedroom
  • 710 bathroom
    710 bathroom
  • 710 bathroom
    710 bathroom
  • 710 living room
    710 living room
  • 710 Bedroom
    710 Bedroom
  • 708 Kitchen
    708 Kitchen
  • 708 Kitchen
    708 Kitchen
  • 708 Bathroom
    708 Bathroom
  • 708 Bedroom
    708 Bedroom
  • 708 Bedroom
    708 Bedroom
  • 708 Living room
    708 Living room
  • 708 living room
    708 living room
  • 710 Kitchen
    710 Kitchen
  • 708 Living room
    708 Living room
  • property lines
    property lines
  • 708 & 710 entrance
    708 & 710 entrance
  • 708 & 710 entrance
    708 & 710 entrance

About The Listing

Opportunities like this don’t come around often—nestled in the highly sought-after Pill Hill and Folwell neighborhoods, this one-of-a-kind property, affectionately referred to as “The Cottages,” offers four unique units across three separate buildings. This is not just a real estate purchase—it’s an investment in charm, character, and long-term potential.

The front side-by-side duplex has been tastefully updated, showcasing thoughtful finishes and modern touches while maintaining its timeless appeal. These units are already generating impressive income, proving their value with strong tenant demand and solid rent rolls. Behind the duplex, two standalone single-family homes provide versatility and additional upside, with plenty of room to grow rents through simple cosmetic upgrades.

Major capital improvements have already been taken care of—all roofs have been replaced within the last five years, giving peace of mind to any investor and reducing near-term maintenance concerns. The heavy lifting is done, allowing you to focus on value-add opportunities that truly move the needle.

Whether you’re a seasoned investor looking to expand your portfolio or someone entering the market for the first time, this stabilized asset checks all the boxes. With a history of strong occupancy, minimal turnover, and easy-to-maintain layouts, this property has been a consistent performer. Tenants love the walkability, the charm of the neighborhood, and the close proximity to downtown Rochester, Mayo Clinic, parks, shops, and more.

This property is more than just a solid performer—it’s a canvas for future growth. With a few well-chosen upgrades, the income potential here could soar, turning this already-profitable gem into a true cash-flow cow.

Don’t miss your chance to own a slice of Rochester’s most beloved neighborhoods. Whether you're holding for steady passive income or planning a value-add strategy, The Cottages are ready to deliver.


Listing courtesy of Alex Brainard, Harbor Realty & Management Group LLC
Purchase Price
Loan Type
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Interest Rate
Estimated Property Taxes
Homeowner's Insurance
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Property Details

Features

 
 
 
Property Type: Other
Status: Active
Contingency Type: None
Year Built: 1930
MLS #: 6690094
Square Feet: 2,347
Price Per Square Foot: $196
Garage Spaces: 1
Sewer Description: City Sewer/Connected
Water: City Water/Connected
Heat Type: Forced Air
Basement: Full
Construction Description: Wood Siding
Roof Description: Architectural Shingle
Days On Market (Continuous): 2
Disability Features: None
Latest Update: 03/31/2025
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
Lot Dimensions: 321
Lot Size: 0.13 Acres
Elementary School: Folwell
High School: Mayo
Middle/Junior High School: Willow Creek
School District: Rochester
Tax Year: 2024
Estimated Taxes: $3,234
Contingency Type: None
City: Rochester
Zip: 55902
County: Olmsted
Subdivision: Head & Mcmahon Add
State: MN

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Listing last updated: 03/31/25

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