Property Description Located in Rochesterâs Historic Southwest âPill Hillâ neighborhood, 730 5th St SW is a classic apartment building offering timeless character in one of the cityâs 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. Maryâs Hospital, and downtown Rochester, the property benefits from consistent rental demand driven by one of the strongest healthcare economies in the country. Rochesterâs 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.
Details
Contract Information
Status: Closed
Off Market Date: 2026-06-20
Current Price: 1940000
Closed Date: 2026-07-20
Sales Close Price: 1940000
Contingency: None
ListPrice: 1975000
List Date: 2026-06-04
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 5
Waterfront YN: No
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
Location Tax and Other Information
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55902
Complex/Dev/Subdivision: Head & Mcmahon Add
Assessments
Tax With Assessments: 25254
Building Information
Building Finished SqFt: 12688
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
Property Features
Accessible: None
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Concrete
Financing Terms: Conventional
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