1351 5th AVE SE new Save Request In-Person Tour Request Virtual Tour
Rochester,MN 55904
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,040 sqft
Price per Sqft $87
Subdivision Meadow Park Resub B-Torrens
MLS Listing ID 6698192
Year Built 1968
Annual Tax Amount $5,072
Tax Year 2024
Contingent None
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 460
Property Sub-Type Quadruplex
Property Description
Exceptional investment opportunity! Nestled on a beautifully maintained corner lot at the end of a quiet cul-de-sac, this fully occupied 4-plex offers the perfect blend of stability, income, and future potential. Pride of ownership shines throughout—from the meticulously cared-for exterior to the recent updates, including a brand new boiler in 2017 and a roof and gutter replacement in 2016, providing peace of mind for years to come.
Residents enjoy the convenience of a spacious 4-car garage with a durable, maintenance-free steel roof, on-site coin-operated laundry facilities, and an additional storage shed—enhancing both comfort and practicality. The property's stellar rental history and remarkably low vacancy rate underscore its appeal and reliability as a long-term asset.
With untapped potential to boost returns through strategic rent increases and added parking charges, this property is poised to deliver impressive cash flow and value growth. Whether you're a seasoned investor or just starting your real estate journey, this rare find presents the ideal combination of turnkey management and value-add opportunity.
Don't miss your chance to secure a high-performing asset in a sought-after location—opportunities like this don't come around often!
Location
State MN
County Olmsted
Zoning Residential-Multi-Family
Rooms
Basement Egress Window(s),Finished,Full
Interior
Heating Boiler
Fireplace No
Exterior
Parking Features Detached,Asphalt
Garage Spaces 4.0
Roof Type Age 8 Years or Less
Building
Story Split Entry (Bi-Level)
Foundation 1668
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Split Entry (Bi-Level)
Structure Type Brick/Stone,Metal Siding
New Construction false
Schools
Elementary Schools Ben Franklin
Middle Schools Willow Creek
High Schools Mayo
School District Rochester