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730 5th Street SW, Rochester, MN 55902

$1,975,000

Property Type: Commercial Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $1,975,000 List Date: 6/04/2026 Last Modified: 6/05/2026

Overview

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.

Listing Details MLS# 7087050

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 5
Year Built: 1928
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Foundation Size: 4468
Garage Stalls: 5
For Sale or Lease: For Sale
Acres: 0.12
Lot Dimensions: 101x52
Assessment Pending: Unknown

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Concrete Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Location Description: Downtown; Free Standing Lot Description: Corner Lot; Public Transit (w/in 6 blks) On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 1975000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 730
Street Name: 5th
Street Suffix: Street
Street Direction Suffix: SW
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55902
Complex/Dev/Subdivision: Head & Mcmahon Add

Assessments

Tax With Assessments: 25254
Assessment Balance: 0

Building Information

Building Finished SqFt: 12688

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 14
Section#: 2
Township#: 106

Sale Options

Sale Includes: Building

Unit Details

Total Units: 15

Office/Member Info

Association: SEMR

Location, Tax and Other Information

Legal Description: SECT-02 TWP-106 RANGE-014 HEAD AND MCMAHON ADD LOT-001 BLOCK-025 N52FT LOTS 1 AND 2 BLK 25
Listing City: Rochester
Map Page: 999
Municipality: Rochester
School District: Rochester
School District Phone: 507-328-3000
Property ID Number: 640222009639
Tax Year: 2025
Tax Amount: 25254
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: From Downtown Rochester, head south on Broadway Avenue S. Turn right (west) onto 6th Street SW, then turn right (north) onto 5th Avenue SW. Turn left (west) onto 5th Street SW. The property will be on your left.

Accessible

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Concrete: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lot Description

Corner Lot: Yes
Public Transit (w/in 6 blks): Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Location Description

Downtown: Yes
Free Standing: Yes

Listing Office: Realty Growth Inc.

Last Updated: June - 05 - 2026

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