About 510 5th Street
Fully renovated 5-unit multifamily investment opportunity offering immediate cash flow, plus a separate single-family home for a total of 6 units. The multifamily building has been thoughtfully reimagined with modern upgrades and strong income stability. Unit mix includes one 3BR/1.5BA open-concept unit, three 2BR/1BA units, and one 1BR/1BA with balcony access. Extensive renovations include new flooring, updated wiring, new electrical systems, and new plumbing throughout. Mechanical improvements feature five new HVAC systems and four on-demand water heaters. Each unit has its own breaker box and is separately metered. Unit 6 is a 4BR/1.5BA single-family home with original character, abundant storage, and a tuck-under garage. All units are occupied with leases in place, creating a turnkey investment with long-term value.
Features of 510 5th Street
| MLS® # | 7062999 |
|---|---|
| Price | $800,000 |
| Bedrooms | 10 |
| Bathrooms | 6.00 |
| Acres | 0.11 |
| Year Built | 1961 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 510 5th Street |
|---|---|
| Subdivision | Original Town-Jackson |
| City | Jackson |
| County | Jackson |
| State | MN |
| Zip Code | 56143 |
Amenities
| Utilities | Electric Separate, Heating Separate, Hot Water Separate |
|---|---|
| Parking | Tuckunder Garage, Unassigned |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dishwasher, Range, Refrigerator, Tankless Water Heater |
|---|---|
| Heating | Forced Air, Hot Water |
| Cooling | Central Air, Window Unit(s) |
| Fireplace | No |
Exterior
| Exterior Features | Stone |
|---|---|
| Lot Description | Corner Lot |
| Roof | Asphalt |
| Construction | Block, Frame |
School Information
| District | Jackson County Central |
|---|
Additional Information
| Days on Market | 117 |
|---|---|
| Zoning | Residential-Single Family |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $1,078 |
| Tax Year | 2026 |
Listing Details
| Office | Edina Realty, Inc. |
|---|