4 days on Rocket
$2,850 Closing Credit¹
#6715753, Listing Office: eXp Realty
$439,000 List price
1351 5th Ave SE Rochester, MN 55904
$5,213
Closing credit¹
5,040 sqft
$87 / sqft
Multi-Family
Property details
About 1351 5th Ave SE
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!
Highlights
Home typeQuadruplex
HeatingSteam
StatusActive
Size5,040 sqft
BasementYes
Year built1968
ParkingDetached, Asphalt
MLS #6698192
Garage4 spaces
Summary
- Basement: Yes
- Garage Space: 4 spaces
- Attached Garage: No
- Parking: Detached, Asphalt
- Heating: Steam
- List Price: $439,000
- Price/SqFt: $87
- Annual Tax Amount: $4,338
- Tax Year: 2023
- Directions: From Highway 63 North, head south into Rochester. Turn left onto 6th Street SE, then continue for a few blocks. Turn right onto 14th Avenue SE, then take a left onto 5th Avenue SE. The destination, 1351 5th Avenue SE, will be on your left
- Year Built: 1968
- Living Area: 5,040 SqFt
- MLS Number: 6698192
- MLS Name: NORTHSTAR
- Office Name: Harbor Realty & Management Group LLC
Copyright © 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
By searching, you agree to the EULA Terms Agreement.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/11/2025, 1:22:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$439,000
1351 5th Ave SE
$5,213
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 02, 2023 | Home Sold | $359,900 |
| Jan 13, 2017 | Home Sold | $225,000 |
| Jun 15, 2011 | Home Sold | $204,751 |
| Jul 29, 2005 | Home Sold | $234,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $313,100 | $4,338 |
| 2022 | $281,400 | $4,338 |
| 2021 | $268,900 | $4,492 |
| 2020 | $268,900 | $4,492 |
| 2019 | $268,900 | $4,688 |
| 2017 | $219,600 | $4,134 |
History based on county public records data.
Nearby schools
9
Byron Intermediate School
Public District 3-5
8.9 mi
•501 10th Ave NE
7
Bear Cave Intermediate School
Public District 3-5
9.9 mi
•1021 10th St NW
8
Dover-Eyota Elementary School
Public District PK-5
11.4 mi
•27 Knowledge Rd SW
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,065. Residents of Rochester, MN typically earn less than $<35k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
60%
<35k
35%
35k-100k
4%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
20%
Single, with Kids
18%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
7%
12-17 yrs old
31%
18-34 yrs old
29%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Soccer
Pro Wrestling
Where do the neighbors shop?
Burlington
Forever 21
Chico's
Where do the neighbors go to eat?
Popeyes
Dominos Pizza
Cicis Pizza
What do the neighbors drive?
Dodge
Mazda
Pontiac
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
Similar homes for sale
$3,205 Closing Credit¹
#6709376, Listing Office: Re/Max Results
This home is located at 1351 5th Ave SE in Rochester, MN and zip code 55904 in the Meadow Park neighborhood. This 5,040 square foot home was built in 1968. Features: 0 bathroom. It has been listed on Rocket Homes since April 16, 2025 and is currently priced at $439,000.
In April 2025, from all listings sold in Rochester, MN there were more than 57 sold above asking price, over 43 sold below and more than 35 were sold right at the asked price. The inventory of homes for sale in Rochester, MN between March and April 2025 increased by 19%. The median list price of listings available in April 2025 was $329,729, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.