Search
Cascade Creek Apartment Building
New
For Sale
$6,500,000

421 6th Ave NW, Rochester, MN 55901

Multifamily property located at 421 6th Ave NW in Rochester, Minnesota.

Property SizeContact for details
Days on Market4

Property Features for 421 6th Ave NW

General Information

Standard status Active
Property subtype Multifamily Tax Credit
Occupancy 95%

Additional Details

Cap Rate 4.98%

Amenities

40-Unit LIHTC
Within Walking Distance Of The Mayo Clinic
$169,152 Annual ($352 Per Unit) Rent Upside to Max Allowable

Building Details

Units 40
Listed By: Matt Whiteside · License #License(s): WI: 56948-090
Source: Marcusmillichap
Added: Sep 6 Last Checked: Sep 8 at 3:33AM

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 Matt Whiteside

Investment Insights

Based on property information with market context.

Cascade Creek Apartments is an apartment building located at 421 6th Ave NW in Rochester, Minnesota. The property is identified as a multifamily asset and is offered for sale.

Key Highlights

  • Apartment building asset
  • Located at 421 6th Ave NW, Rochester, MN 55901
  • Named Cascade Creek Apartments

Property Analytics

Current Use

Loving Touch Productions Advertising Agency Cascade Creek Apartments Apartment Complex

Suggested Use

Top Pick Auto Parts Store HVAC Service Big Box & Wholesale Store Hair Salon Storage Facility Furniture & Home Goods

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

Location Intelligence

Trade Area within ½ mile

7,461
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?
Apartment building - Multifamily property located at 421 6th Ave NW in Rochester, Minnesota.
Where is this apartment building located?
The property is located at 421 6th Ave NW Rochester, MN.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Apartment building asset; Located at 421 6th Ave NW, Rochester, MN 55901; Named Cascade Creek Apartments
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