Property Summary

  • Sale Price $1,975,000
  • Property Tax $24,885
  • Building Size 12,668 SF
  • Lot Size 0.12 Acres
  • Year Built 1928
  • Number of Units 15

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.

Historic Building: Character-rich units in a classic setting.

Desirable Location: Situated near Mayo Clinic and St. Mary’s Hospital.

Walkable: Short distance to Downtown Rochester.
Attractive Unit Mix: Features a variety of floor plans.

Heated Off-Street Parking: A premium amenity for the local climate.

Market Growth: Driven by the expanding healthcare sector.

Listing Team

Matt Gove
Matt Gove
Sales and Leasing Advisor
Realty Growth Inc.
MN #40779556
Dylan Carty
Dylan Carty
Licensed Real Estate Broker
Realty Growth Inc.
MN #40525429

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