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    Montevideo, MN
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    Montevideo, MN Apartment Buildings for Sale

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    Dawson, MN Granite Falls, MN Clara City, MN
    Multifamily Property with Historic Charm
    $899,900
    0.53 Acres
    Multifamily Property with Historic Charm

    215 S 5th Street, Montevideo, MN 56265

    Well-maintained 9-unit multifamily property with historic charm and modern updates.
    • Strong 7% Cap Rate for Stable Income
    • Nine Units in Two Buildings on One Parcel
    • Renovated Units with Updated Interiors
    • Historic Charm Blended with Modern Updates
    • On‑Site Amenities: Coin Laundry, Three‑Car Garage, Ample Parking, Fenced Yard
    Updated: Jan 16
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    Montevideo Multifamily Investment Opportunity
    $924,900
    8,619 SF
    Montevideo Multifamily Investment Opportunity

    215 S 5th St, Montevideo, MN 56265

    Nine-unit multifamily property in Montevideo's stable rental market.
    • High Cap Rate: Approximately 7+% cap rate indicates strong current income.
    • Stable Rental Market: Montevideo's diverse economy ensures consistent demand.
    • Limited Competition: Low vacancy rates and limited competing inventory in Montevideo.
    • Prime Location: Situated in an established residential neighborhood near downtown, schools, parks, and major employers.
    • Desirable Amenities: Offers off‑street parking and on‑site laundry.
    Updated: Feb 6
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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Montevideo, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Mixed-Use Building For Sale
    $359,900
    6,000 SF
    Historic Mixed-Use Building For Sale

    Mixed-use building with commercial tenants and residential apartments.

    15 1st Ave SE, Watertown, SD 57201

    View details
    New Apartment Building in Watertown
    Contact for pricing
    95,544 SF
    New Apartment Building in Watertown

    63-unit apartment building, 90% complete, in Watertown, South Dakota.

    315 E Kemp Ave, Watertown, SD 57201

    View details
    Lake Jessie Lakeside Community Lot
    $45,900
    0.11 Acres
    Lake Jessie Lakeside Community Lot

    Residential lot in a lakeside community near Alexandria, Minnesota.

    Lot 29 Jessie View Drive SE, Alexandria, MN 56308

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    Lake Jessie Lakeside Community Lot
    $49,900
    0.08 Acres
    Lake Jessie Lakeside Community Lot

    Residential lot in a lakeside community with many amenities.

    Lot 15 Jessie View Drive SE, Alexandria, MN 56308

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    $2,850,000
    29.20 Acres
    Prime Development Land, Springfield MO

    29.2 acres of retail-zoned land for mixed-use development.

    N West Bypass, Springfield, MO 65802

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    Norman Land For Luxury Condos
    $285,000
    0.74 Acres
    Norman Land For Luxury Condos

    Prime Norman land suitable for luxury condos development.

    801 NW 36th Avenue, Norman, OK 73072

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    Buildable Lot for Luxury Condos
    $285,000
    0.74 Acres
    Buildable Lot for Luxury Condos

    0.74 acre buildable lot zoned for low-density apartments.

    801 36th Ave NW, Norman, OK 73072

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    Entitled Multifamily Development Opportunity
    $3,250,000
    0.83 Acres
    Entitled Multifamily Development Opportunity

    Permitted 50-unit multifamily development with retail space for sale.

    403 N River St lot: 403, 417, & 419, Hailey, ID 83333

    View details

    Off-Market Properties in Montevideo, MN

    Consider similar Off-Market properties in Montevideo, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1806 Lincoln Ave
    Multifamily properties
    5,800 SF

    1806 Lincoln Ave, Montevideo, MN 56265

    View details

    Montevideo, MN Apartment Buildings Investment Opportunities Market Analysis

    Explore 3 apartment buildings for sale in Montevideo, MN on our real estate platform. These investment opportunities span a total of 8,619 square feet of properties for sale, with an estimated market value of $924,900.

    Sale prices for two-family homes in Montevideo, MN start at $924,900, averaging $924,900, and reaching up to $924,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 7,433
    Population Growth (5Y) +1.5%
    Median Household Income $72,564
    College Educated 28.8%

    High-Yield Neighborhoods for Investment

    Identify Montevideo submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    56265 $912.4K

    Taxes & Financing

    Tax Rate (average for all types) 2.86%
    Property Tax per SF $44.77 per sq ft
    Average Loan-to-Value 65.0%

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