Sutton Place 1903 17th St SE Immeuble residentiel 72 lots À vendre Rochester, MN 55904

Marcus & Millichap, as the exclusive listing agent, is pleased to present for sale Sutton Place Apartments.
Sutton Place Apartments is a meticulously maintained, 72-unit multifamily community located in the thriving city of Rochester, Minnesota. Built in 1979 and under long-term ownership, the property consists entirely of spacious one-bedroom units averaging 655 square feet. Each residence is equipped with its own individual forced-air furnace, providing tenants with efficient and customizable heating. The property also features an on-site leasing office, offering convenience and responsive management for residents.
Situated on a 3.03-acre site, Sutton Place offers abundant surface parking with approximately 188 spaces, accommodating both, residents and guests. The property is just steps from McQuillan Park’s baseball fields and enjoys close proximity to a range of local amenities including retail centers, entertainment venues, and highly rated restaurants—combining suburban tranquility with urban convenience.
Rochester, home to the world-renowned Mayo Clinic, is one of Minnesota’s fastest-growing cities and a top destination for healthcare professionals and students alike. The strong employment base, low vacancy rates, and consistent population growth have fueled demand for quality rental housing, creating a landlord-favorable market with upward pressure on rents.
Sutton Place Apartments presents a compelling value-add opportunity through strategic rent increases to align with current market levels. With average rents currently at $753 per month—well below comparable properties—investors have the potential to significantly increase NOI with minimal capital outlay. This, combined with the asset’s well-maintained condition, prime location, and stable occupancy, makes Sutton Place a rare and attractive investment in one of Minnesota’s most resilient and dynamic rental markets.