215 S 5th Street,Montevideo, MN 56265
Montevideo, MN 56265
Description
Rare opportunity to acquire a well-maintained 9-unit multifamily property featuring two separate buildings on one parcel. The main turn-of-the-century home offers seven units and retains much of its original historic charm, blending character with modern updates. A second building provides an additional two units, creating a versatile unit mix. Most units have been renovated, offering updated interiors while preserving classic architectural details. Property amenities include on-site coin laundry, a three-car garage, ample off-street parking, and a fenced yard with outdoor features. The property offers a strong 7% cap rate, making it an attractive option for investors seeking stable income. The combination of historic appeal, functional updates, and on-site amenities contributes to long-term value and broad rental appeal.
Details
| MLS # | 7009752 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 234 |
| Listing Provided By | Weichert REALTORS Tower Properties | Jason Dowdey |
Features
| SQ Feet | 8,619 |
|---|---|
| Garage | 3 |
| Basement | Y |
| Units | 9 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.53 |
Interior
| Heating | Boiler |
|---|---|
| Appliances | Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Owned |
Exterior
| Roof | Architectural Shingle |
|---|---|
| Construction Materials | Frame |
| Lot Features | Tree Coverage - Light, Underground Utilities |
Parking
| Parking Features | Detached Garage, Concrete, Garage Door Opener, Paved Lot, More Parking Onsite for Fee |
|---|
Utilities
| Utilities | Electric Common, Heating Common, Hot Water Common |
|---|
Taxes
| Property | 8392 |
|---|
Area Information
| State | MN |
|---|---|
| County | Chippewa |
| City | Montevideo |
| Zip Code | 56265 |
| Community Name | Montevideo |
| School District | 129 |
| High School | Montevideo |
| Listing VS Median (in Montevideo) | |
Price: $899,900 low | high Med: $229,000 sqft: 8,619 low | high Med: 2,791 $ / sqft: $104 low | high Med: $82 On site: 234 low | high Med: 24 | |
Market Activity 56265
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Chippewa |
| City | Montevideo |
| Zip Code | 56265 |
| Community Name | Montevideo |
| School District | 129 |
| High School | Montevideo |
| Listing VS Median (in Montevideo) | |
Price: $899,900 low | high Med: $229,000 sqft: 8,619 low | high Med: 2,791 $ / sqft: $104 low | high Med: $82 On site: 234 low | high Med: 24 | |