8,619 sqft

$899,900

215 S 5th Street, Montevideo MN, 56265

Price per sqft$104.41

Built in1910

Property size8,619 sqft

Property typeCommercial

Courtesy of Weichert REALTORS Tower Properties, Jason Dowdey Listing Contact:

Overview

Active

Listed Jan 16, 2026

Updated May 28

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.

Other Property Details

Taxes: $8,392
Tax Frequency: Annually
Garage: Yes

Listings courtesy of Northstar MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 4:33 AM UTC on 5/28/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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