215 N 5th Street, Montevideo, Minnesota 56265

MN, Montevideo
$919,900
  • Commercial Sale Property Type
  • 1910 Year Built
  • Active Status
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Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property 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.

Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 7009752
  • Price: $919,900
  • Year Built: 1910
  • Listing Status: Active
  • Office Name: Weichert REALTORS Tower Properties
  • Roof: Architectural Shingle
Features
  • Swimming Pool None
  • Heating System Boiler
  • Basement Finished
  • Fence Chain Link,Full
  • Parking Detached Garage,Garage Door Opener,Concrete,More Parking Onsite for Fee,Paved Lot
  • Utilities Heating Common,Electric Common,Hot Water Common
  • Flooring Carpet,Wood,Vinyl
  • Sewer City Sewer/Connected
Appliances
  • Dishwasher
  • Dryer
  • Microwave
  • Refrigerator
  • Washer
  • Range
  • Water Softener Owned
Address Map
  • Country US
  • State MN
  • County Chippewa
  • City Montevideo
  • Zipcode 56265
  • Street: 5th
  • Street Number: 215
  • Street Suffix: Street
  • Longitude: W96° 16' 44.8''
  • Latitude: N44° 56' 37.6''
  • Directions: From Hwy 7 turn south on 5th St., and the home will be on your right about 8 blocks south.
  • Street Dir Prefix: S
Neighborhood
  • High School District: Montevideo
MLS Addon
  • Office Name: Weichert REALTORS Tower Properties
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Building Size: 8619
  • Construction Materials: Frame
  • Current Use: Residential
  • Garage: 3
  • Levels: Three Or More
  • Lot Features: Tree Coverage - Light,Underground Utilities
  • Lot Size Dimensions: 200x105x108x22x92x127
  • Number Of Units Total: 9
Financial
  • Tax Annual Amount: 8392
Listing Information
  • List Agent Mls Id: 506560333
  • List Office Mls Id: 27064
  • Modification Timestamp: 2026-03-13T18:10:06Z
  • Originating System Name: NorthStar
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