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Pill Hill Apartments 730 5th St NW 15 Unit Apartment Building $1,975,000 ($131,667/Unit) Rochester, MN 55902
Investment Highlights
- Historic Building: Character-rich units in a classic setting.
- Walkable: Short distance to Downtown Rochester.
- Heated Off-Street Parking: A premium amenity for the local climate.
- Desirable Location: Situated near Mayo Clinic and St. Mary’s Hospital.
- Attractive Unit Mix: Features a variety of floor plans.
- Market Growth: Driven by the expanding healthcare sector.
Executive Summary
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.
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.
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Property Facts
| Price | $1,975,000 | Building Class | C |
| Price Per Unit | $131,667 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 12,688 SF |
| No. Units | 15 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1928 |
| Apartment Style | Low-Rise | Parking Ratio | 0.16/1,000 SF |
| Zoning | Residential Multi-Family | ||
| Price | $1,975,000 |
| Price Per Unit | $131,667 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 12,688 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1928 |
| Parking Ratio | 0.16/1,000 SF |
| Zoning | Residential Multi-Family |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 6 | - | - |
| Studios | 5 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 64.02.22.009639 | Improvements Assessment | $1,276,300 |
| Land Assessment | $202,500 | Total Assessment | $1,478,800 |
Property Taxes
Parcel Number
64.02.22.009639
Land Assessment
$202,500
Improvements Assessment
$1,276,300
Total Assessment
$1,478,800
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Pill Hill Apartments | 730 5th St NW
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