The Gryff

1935 2nd St SW Rochester, MN 55902

1935 2nd St SW, Rochester, MN, 55902
1935 2nd St SW, Rochester, MN, 55902 1935 2nd St SW, Rochester, MN, 55902 1935 2nd St SW, Rochester, MN, 55902 1935 2nd St SW, Rochester, MN, 55902 1935 2nd St SW, Rochester, MN, 55902 1935 2nd St SW, Rochester, MN, 55902 1935 2nd St SW, Rochester, MN, 55902 1935 2nd St SW, Rochester, MN, 55902 1935 2nd St SW, Rochester, MN, 55902 1935 2nd St SW, Rochester, MN, 55902 1935 2nd St SW, Rochester, MN, 55902 1935 2nd St SW, Rochester, MN, 55902 1935 2nd St SW, Rochester, MN, 55902 1935 2nd St SW, Rochester, MN, 55902
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$6,500,000
Last Verified:
Jan 12, 2026

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Description

Introducing an outstanding investment opportunity in the heart of Uptown, Rochester, MN. The property at 1935 2nd St SW presents a meticulously maintained 27,664 SF multifamily/mid-rise building, comprising 26 units constructed in 2019. Zoned MXT-NOD, this high-demand asset boasts 100% occupancy, offering an immediate and steady return on investment. With modern amenities and a prime location, this property is primed for long-term financial success in a thriving rental market. Don't miss the chance to add this exceptional investment to your portfolio in one of the most sought-after areas for multifamily developments.

Discover the vibrant Uptown neighborhood of Rochester, MN, a sought-after location for multifamily/mid-rise investors. The area surrounding The Gryff is synonymous with convenience and community. Residents can stroll to local boutiques, trendy eateries, and popular entertainment venues. The proximity to parks and green spaces offers a balance of urban living and outdoor recreation. Adjacent to renowned medical facilities and top employers, the location presents a compelling investment opportunity. With a thriving rental market and strong tenant demand, The Gryff is poised as a prime addition to your investment portfolio in this dynamic and desirable locale.


Year Built: 2019
Building Size: 27664sq ft
Lot Size: 0.27 acres

Map of 1935 2nd St SW, Rochester, MN, 55902

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.