510 5th Street, Jackson, MN 56143 (MLS# 7062999)

510 5th Street, Jackson, MN 56143

$800,000
Property Type: Commercial Bedrooms: 10 Baths: 6 Square Footage: 6,404 Lot Size (sq. ft.): 4,792 Status: Active
Current Price: $800,000 List Date: 5/15/2026 Last Modified: 8/27/2026

Overview

Description

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.

Listing Details MLS# 7062999

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Owner Occupied
No
Waterfront YN
No
Year Built
1961
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Foundation Size
3202
Garage Stalls
2
For Sale or Lease
For Sale
Acres
0.11
Lot Dimensions
99 x 82
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Central Air; Window Unit(s) Appliances: Dishwasher; Range; Refrigerator Basement: Shared Access; Storage/Locker CMU Style: Apartments/Multi Family Construction Materials: Block; Frame Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Flooring: Carpet; Luxury Vinyl Tile Foundation: Concrete Block; Permanent Fuel: Natural Gas Heating: Forced Air; Hot Water Location Description: Downtown Lot Description: Corner Lot Miscellaneous Information: Alley On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Owner Pays: Gas; Lawn; Lawn; Sewer; Snow Removal; Trash Collection; Water Parking Characteristics: Tuckunder Garage; Unassigned Rent Rate per Foot: Per Month Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: City Sewer/Connected Shared Rooms: Other Stories: Two Tenant Pays: Cable TV; Electricity; Telephone; Water Water: City Water/Connected Window Features: Double Pane Windows

Contract Information

Contingency
None
ListPrice
800000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
510
Street Name
5th
Street Suffix
Street
Postal City
Jackson
County
Jackson
State
MN
Zip Code
56143
Complex/Dev/Subdivision
Original Town-Jackson

Additional Parcels Information

Property ID #2
232001980

Assessments

Assessment Balance
54
Tax With Assessments
1132

More Information

Basement

Foundation Dimensions
52 x 64

Building Information

Building Finished SqFt
5069
Building SqFt
6404

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building

Unit 1

Unit Number
Yes
Monthly Rent
1100
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Level
Main Level
Leased?
Yes
Lease Expiration Date
2026-12-31
No. of 1 Bedroom Units
Yes

Unit 2

No. of 2 Bedroom Units
3
Full Baths
Yes
Half Baths
Yes
Lease Expiration Date
2027-02-28
Leased?
Yes
Level
Main Level
Monthly Rent
1300
Total Bathrooms
2
Total Bedrooms
3
Unit Number
2

Unit 3

No. of 3 Bedroom Units
Yes
Full Baths
Yes
Lease Expiration Date
2026-12-31
Leased?
Yes
Level
3rd Level
Monthly Rent
1050
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
3

Unit 4

Full Baths
Yes
Lease Expiration Date
2026-08-31
Leased?
Yes
Level
Main Level
Monthly Rent
1100
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
4

Unit 5

Lease Expiration Date
2026-09-30
Leased?
Yes
Level
2nd Level
Monthly Rent
800
Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
5

Unit Details

Total Units
5
IDX
Listing Office: Edina Realty, Inc.
Last Updated: August - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.