Date
Details
Price
Change
Source
5/15/2026
Listed
$800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property 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.
Full Property Details
Full Property Details for 510 5th St
General
- Price: $800,000
- Taxes: $1,078 (2026)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7062999
- Updated: 5/15/2026
- Added to Site: 3 day(s) ago
Interior
- Appliances: Dishwasher, Range, Refrigerator, Tankless Water Heater
- Flooring: Carpet, Luxury Vinyl Tile
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 10
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Tuckunder Garage, Unassigned
Location
- County: Jackson
- Township: Jackson
- Subdivision: Original Town-Jackson
- Driving Directions: Hwy 71 into Jackson from the North. Turn west at Sheridan St. Property is on the corner of 5th St and Sheridan St.
School Information
- School District: 2895 - Jackson County Central
- High School District: Jackson County Central
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air, Window Unit(s)
- Heating Type: Forced Air, Hot Water
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Separate, Heating Separate, Hot Water Separate
Structural Information
- Exterior Const.: Block, Frame
- Basement: Yes
- Basement Desc.: Shared Access, Storage/Locker
- Foundation Size: 3202
- Roof: Asphalt
- Disability Access: None
- Square Feet: 6,404
- Finished Down/Base.: 6,404 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1961
Unit Information
- Units w/Refrigerators: 5
Lot Features
- Lot Size (Acres): 0.112
- Lot Dimensions: 99 x 82
- Frontage: City Street
- Zoning: Residential-Single Family
- Lot Description: Corner Lot
Financial Considerations
- Tax Amount: $1,078
- Tax Year: 2026
- Owner Pays: Gas, Grounds Care, Sewer, Snow Removal, Trash Collection, Water
- Tenant Pays: Cable TV, Electricity, Telephone, Water
- Pays Cable: Tenant Pays
- Pays Electric: Tenant Pays
- Pays Gas: Owner Pays
- Pays Trash: Owner Pays
- Pays Water: Tenant Pays
Disclosures and Reports
- Legal Description: ORIGINAL TOWN-JACKSON S 10.5' LOT 2 & ALL LOT 4; BLK 26
- Inclusions: Building
- Property ID: 232002000
Listed by Edina Realty, Inc.
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— 510 5th St —
Edina Realty, Inc.
NMLS#: 1598647
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Schools
Schools serving 510 5th St
School District:Jackson County Central School District
| Name | Grades | Distance |
|---|---|---|
Riverside Elementary School, Jackson, MN 820 Park Street, Jackson, MN 56143 | PK-3 | 0.2 mi |
Pleasantview Elementary School 110 Milwaukee Street, Lakefield, MN 56150 | 4-5 | 9.6 mi |
Jackson County Central Middle School 205 4th Avenue North, Lakefield, MN 56150 | 6-8 | 9.9 mi |
Jackson County Central Senior High School 1128 North Highway, Jackson, MN 56143 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 510 5th St
Tax History
Tax History for 510 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,108
-31%
$91,300
—
2023
$1,596
-5%
$91,200
—
2021
$1,688
17%
$91,200
5%
2017
$1,448
—
$87,100
2%
2018
$1,448
—
$85,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 510 5th St
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- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 3Total Baths
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- Active
- Updated 6 days ago
- 5Beds
- 7Total Baths
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- Lots/Land
- Active
- Updated 5 days ago
- 1.7Acres
Listed by River's Edge Realty
510 5th Street, Jackson, MN 56143 (MLS# 7062999) is a Commercial property. 510 5th Street is currently listed for $800,000 and was received on May 15, 2026. Want to learn more about 510 5th Street? Do you have questions about finding other Commercial real estate for sale in Jackson? You can browse all Jackson real estate or contact a Coldwell Banker agent to request more information.