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$459,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 1 Car Garage
  • Updated 3 days ago
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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

Full Property Details for 708 5th St SW

General

  • Price: $459,900
  • Taxes: $3,234 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6690094
  • Updated: 3/31/2025
  • Added to Site: 6 day(s) ago

Exterior

  • Porch/Patio/Deck: Deck, Rear Porch

Parking

  • Garage: Yes
  • Garage Spaces: 1

Location

  • County: Olmsted
  • Subdivision: Head & Mcmahon Add
  • Driving Directions: From Highway 52, take the exit for 6th Street SW and head east. Continue straight as 6th Street SW becomes 6th Street SE. Turn right onto 7th Avenue SE, then take the next left onto 5th Street SE. The destination, 708 5th Street SE, will be on your right.

School Information

  • School District: 535 - Rochester
  • High School District: Rochester
  • Elementary School: Folwell
  • Middle School: Willow Creek
  • High School: Mayo

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Wood Siding
  • Basement: Yes
  • Basement Desc.: Full
  • Foundation Size: 2347
  • Roof: Architectural Shingle
  • Disability Access: None
  • Square Feet: 2,347
  • Above Ground: 2,347 Sq. Ft.
  • Below Ground: 1,832 Sq. Ft.
  • Finished Down/Base.: 4,179 Sq. Ft.
  • Year Built: 1930

Unit Information

  • Units w/Refrigerators: 4
  • Units w/Range/Oven: 4

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Dimensions: 321
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $13,560
  • Tax Amount: $3,234
  • Tax Year: 2024
  • Owner Pays: Insurance, Grounds Care, Snow Removal
  • Tenant Pays: All Utilities, Electricity, Gas, Trash Collection
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Trash: Tenant Pays

Disclosures and Reports

  • Legal Description: SECT-02 TWP-106 RANGE-014 HEAD AND MCMAHON ADD LOT-005 BLOCK-025 W50FT LOTS 5 AND 6 BLK 25
  • Property ID: 640221009643

Listed by Harbor Realty & Management Group LLC

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— 708 5th St SW —

  • Harbor Realty & Management Group LLC

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 708 5th St SW

School District:Rochester Public Schools
RatingNameGradesDistance
NR
Folwell Elementary School, Rochester, MN
603 15th Ave Sw, Rochester, MN 55902
K-50.6 mi
NR
Willow Creek Middle School
2425 11th Ave Se, Rochester, MN 55904
6-82.7 mi
8
Mayo Senior High School
1420 11th Ave Se, Rochester, MN 55904
9-121.7 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 708 5th St SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/29/2025
Listed
$459,900
142.05%
MLS
4/29/2005
Sold
$190,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 708 5th St SW

Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,258
—
$211,400
9%
2023
$3,258
-30%
$194,500
-30%
2021
$4,650
5%
$278,300
9%
2020
$4,442
7%
$254,800
6%
2019
$4,156
—
$240,100
21%
2019
$4,156
51%
$198,600
5%
2017
$2,754
—
$188,800
6%
2017
$2,754
4%
$177,700
2%
2016
$2,652
—
$173,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Harbor Realty & Management Group LLC

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708 5th Street SW, Rochester, MN 55902 (MLS# 6690094) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 708 5th Street SW is currently listed for $459,900 and was received on March 29, 2025. Want to learn more about 708 5th Street SW? Do you have questions about finding other Multi-Family real estate for sale in Rochester? You can browse all Rochester real estate or contact a Coldwell Banker agent to request more information.

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