810 2Nd St Rochester, MN 55901
This exceptional 5-plex apartment building presents a lucrative investment opportunity in the heart of Rochester, Minnesota. Located at 810 2nd St NW, 55901, this property enjoys a highly desirable location within easy walking distance of the Mayo Clinic campuses and the vibrant downtown area. The asking price is $399,000. The building's convenient proximity to major employment centers and amenities ensures strong rental demand and potential for high occupancy rates. This multifamily property offers a compelling combination of location, accessibility, and investment potential. Its strategic placement near the Mayo Clinic and downtown Rochester positions it to benefit from the city's robust economy and consistent population growth. The property's multi-unit structure provides diversification and potential for increased rental income. This is an excellent opportunity for investors seeking a stable and appreciating asset in a thriving Minnesota market. The property is situated in Olmsted County and offers a straightforward investment strategy with significant upside potential. Further due diligence is recommended to fully assess the financial aspects of this investment opportunity. The property's address is easily verifiable through standard mapping services. This 5-plex represents a rare chance to acquire a well-situated multifamily property in a high-demand area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.