Search
Duplex Portfolio with Parking Lot
For Sale
Contact for pricing
Pending

402 5th Ave NW, Rochester, MN 55901

Multi-parcel offering combines residential units and parking near the Mayo Clinic Campus.

Property SizeContact for details
Days on Market142

Property Features for 402 5th Ave NW

General Information

Standard status Pending
Property subtype Land

Additional Details

Multifamily Units 5

Amenities

laundry in unit

Building Details

Buildings 2
Listing Agency: Realty Growth Incorporated
Listed By: Robert Bucky Beeman · License #MN 40149580
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 1:57AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Growth Incorporated

Investment Insights

Based on property information with market context.

This multi-parcel residential offering includes a duplex, a triplex, and a separate parking lot. The property includes two residential floors, each configured with three bedrooms and one bathroom, along with in-unit laundry facilities. The offering is classified as duplex property and includes additional multifamily improvements.

The property is located at 402 5th Ave NW in Rochester, near the entrance to the Mayo Clinic Campus. Individual parking stalls are rented primarily to Mayo Clinic employees. The residential components have been operated through a combination of longer-term rentals and Airbnb use.

Key Highlights

  • Multi‑parcel offering includes a triplex, duplex, and parking lot
  • Two residential floors, each with 3 bedrooms and 1 bathroom
  • Laundry facilities located within both residential units

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Locksmith Catering Service Pet Grooming Service (Bike/Boat/Book/etc) Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

7,277
Businesses Nearby

Demographics for 55901, MN

58,046
Population
24,852
Households
2.3
Avg Household Size
36
Median Age
50%
College-Educated
94%
High-School Grad
33.1 sq mi
ZIP Area
1,754
Density / Sq Mi
$90,430
Median Household Income
$52,778
Median Earnings
$1,321
Median Rent
$290,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Multi-parcel offering combines residential units and parking near the Mayo Clinic Campus.
Where is this duplex located?
The property is located at 402 5th Ave NW Rochester, MN.
What are key features of this property?
This property features: Multi‑parcel offering includes a triplex, duplex, and parking lot; Two residential floors, each with 3 bedrooms and 1 bathroom; Laundry facilities located within both residential units
(507) 289-8000 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message