511 3rd Ave SW, Rochester, MN 55902 Property Records

Olmsted County property record for 511 3rd Ave SW, Rochester, MN 55902

Property Summary

Property Type	Apartments (5+ Units)
Details	174,020 sqft · built 2018
Lot Size	0.836 acres (36,416 sqft)
Owner	Company Name on File
Last Sale	$26,904,021 (Nov 2024)
Tax Bill	$443,924 (2026)
Deeds & Mortgages	Feb 2024 Sale Apr 2023 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`64.02.13.083687`

Property Details

APN / Parcel Number

Primary APN	`64.02.13.083687`

Interior

Building Area	174,020 sqft Total Area
Flooring	Carpet
Fire Sprinklers	Fire Sprinklers
Elevator	Elevator

Exterior

Year Built	Built 2018
Effective Year Built	Effective 2018
Exterior Material	Metal
Roof Type	Flat
Roof Material	Built-Up Asphalt
Lot Area	36,416 sqft (0.836 acres)

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central

Location & Zoning

Street Address	511 3RD AVE SW
City	ROCHESTER
State	MN
Zip	55902-3651
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Description	SECT-02 TWP-106 RANGE-014 RESIDENCE AT DISCOVERY SQUARE LOT-001 BLOCK-001
Legal Range	14
Legal Township	106
Legal Section	02
Legal Subdivision	RESIDENCE AT DISCOVERY SQUARE
Legal Block	1
Legal Lot Number	1
Jurisdiction	OLMSTED MN
Township / Civil Division	ROCHESTER
Census Block Group	2
Census Block	2027
Census Tract	100

Owner

511 3rd Ave SW, a residential property, is owned by a company that bought it in November 2024.

Source: Olmsted County records, as of August 18, 2026

Owner of Record	Company Name on File
Mailing Address	2765 COMMERCE DR NW, 100, ROCHESTER, MN 55901-3070
Owner Type	Company
Vesting	Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Feb 29, 2024	Agreement of Sale, Transfer
Apr 25, 2023	Contract Sale, Transfer · Land Contract RESIDENCE AT DISCOVERY SQUARE LLC

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Nov 14, 2024 · Amount on File
Deed Sale	Nov 14, 2024 · Amount on File
Prior Sale	Apr 21, 2023 · Amount on File
Deed Document Number	20241614756
Record Updated	Sep 20, 2026

February 2024: Agreement of Sale, Transfer

Document Type	Agreement of Sale
Jurisdiction	OLMSTED MN
Recording Date	Feb 29, 2024
Property Address	511 3RD AVE SW, ROCHESTER, MN 55902-3651
Document Number	00A1600958
Instrument Date	Feb 28, 2024
Instrument	A-1600958
Transaction Type	Transfer
Record Updated	Mar 22, 2024

Transaction

Tax	$0.00
Amount Accuracy	No Consideration Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	2765 COMMERCE DR NW STE 100, 100, ROCHESTER, MN 55901-3070

Transferred To (Grantee/Buyer)

Name	Verified Name
Investor	Possibly a Property Investor

April 2023: Contract Sale, Transfer

Document Type	Contract Sale
Jurisdiction	OLMSTED MN
Recording Date	Apr 25, 2023
Property Address	511 3RD AVE SW, ROCHESTER, MN 55902-3651
Document Number	00A1584833
Instrument Date	Apr 21, 2023
Instrument	A-1584833
Transaction Type	Transfer
Record Updated	Mar 22, 2024

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2765 COMMERCE DR NW STE 100, 100, ROCHESTER, MN 55901-3070

Mortgage

Date	Apr 25, 2023

Lender

Name	RESIDENCE AT DISCOVERY SQUARE LLC
Type	Non-Lending Institution

Agreement

Type	Land Contract
Amount	Amount on Record

Tax Assessment & Valuation

The 2026 property tax bill for 511 3rd Ave SW was $443,924.

Source: Olmsted County assessment roll, as of July 30, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	Olmsted County
Municipality	Rochester City
Unified School District	Rochester Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$443,924.00
2025		$25,053,100 Land $1,965,700 Building $23,087,400	$25,053,100 Land $1,965,700 Building $23,087,400
2023	$524,466.00
2022		$25,891,600 (+21.39%) Land $1,690,500 Building $24,201,100	$25,891,600 (+21.39%) Land $1,690,500 Building $24,201,100
2021		$21,330,100 Land $1,690,500 Building $19,639,600	$21,330,100 Land $1,690,500 Building $19,639,600

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 511 3rd Ave SW in Zone X, an area of minimal flood risk, though there have been 12 flood claims nearby since 1978.

Source: FEMA National Flood Hazard Layer, effective June 9, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 10 (0% premium discount)
Nearby Flood Policies	2 in force
Nearby Flood Claims	12 (1978–1986)
Claims Outside the SFHA	1 of 12
Most Recent Claim	Sep 1986 · river or lake flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 511 3rd Ave SW is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 99.1% of the US · lower than 96% of Minnesota
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	Rochester serves 123,624 people · EPA ID MN1550010
Water Source	Groundwater
Last State Inspection	Nov 2025
Lead	7 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 168 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Metronet Fiber	5,120 / 5,120
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000
Verizon Fixed Wireless	300 / 20
Hiawatha Broadband Communications Fixed Wireless	100 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: CenturyLink, Minnesota WiFi.

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