17-Unit Multifamily Condo
For Sale
$1,285,000
Pending
540 Northern Hills Drive NE, Rochester, MN 55906
Commercial Sale, Rochester, MN
Property SizeContact for details
Days on Market225
Property Features for 540 Northern Hills Drive NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential-Single Family
Exterior features
Stucco
Subdivision
Northern Hills Two-Torrens
High school district
Rochester
Directions
Corner of Broadway Ave N & Northern Hills Dr NE
Standard status
Pending
APN
742521016778
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
12308
Utilities
Heating system
Forced Air
Building Details
Year built
1978
Listing Agency:
Infinity Real Estate
(507) 550-1052
Listed By:
Jonathan Espy
(507) 273-2261
Added: Jan 19
Changed: Aug 27
Last Checked: Sep 1 at 11:06AM
MLS# 7010275
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily offering includes 17 individually titled condominium units within the same association. Fifteen units are located in the building at 540 Northern Hills Drive NE, with two additional units in the building at 602 Northern Hills Drive NE. The units are fully rented, and both buildings were constructed in 1978.
Association services include lawn care, snow removal, garbage, and water. Tenants are responsible for other utilities. The two buildings contain 58 units in total, providing the setting for this 17-unit offering. The improvements feature stucco exteriors and forced-air heating, and the property is located in Rochester, Minnesota.
Association services include lawn care, snow removal, garbage, and water. Tenants are responsible for other utilities. The two buildings contain 58 units in total, providing the setting for this 17-unit offering. The improvements feature stucco exteriors and forced-air heating, and the property is located in Rochester, Minnesota.
Key Highlights
- 17 individually titled condo units included in the sale
- 15 units at 540 Northern Hills Drive NE and 2 units at 602 Northern Hills Drive NE
- All units are fully rented
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 55906, MN
19,559
Population
8,798
Households
2.2
Avg Household Size
41
Median Age
53%
College-Educated
95%
High-School Grad
61.5 sq mi
ZIP Area
318
Density / Sq Mi
$104,146
Median Household Income
$54,380
Median Earnings
$1,152
Median Rent
$350,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Individually titled condominium units are fully rented within one association.
Where is this multifamily property located?
The property is located at 540 Northern Hills Drive NE Rochester, MN.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: 17 individually titled condo units included in the sale; 15 units at 540 Northern Hills Drive NE and 2 units at 602 Northern Hills Drive NE; All units are fully rented
