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    Mixed-Use Property with 5 Apartments
    Updated: May 6
    Mixed-Use Property with 5 Apartments

    300 1st St S, Montgomery, MN 56069

    $374,900
    9.2% cap rate with the property fully occupied
    Five residential units: two 2‑bedroom, two 1‑bedroom, and one studio
    Separate commercial unit included in the mixed‑use building
    Detached garage provides additional functional space
    Fresh paint and new flooring completed in two residential units
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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Montgomery, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Mixed-Use Building with Five Apartments
    Mixed-Use Building with Five Apartments

    235 - 237 Belgrade Ave, North Mankato, MN 56003

    $2,600,000
    7,846 sqft

    Main-level retail space currently serves as a skin and spa clinic, while upper floors contain modern residential units.

    View details
    28-Unit Apartment Building
    28-Unit Apartment Building

    123 N 4th Street, Mankato, MN 56001

    $2,100,000
    0.24 AC lot

    Updated multifamily property with varied unit mix, on-site laundry, and additional renovation potential.

    View details
    Mixed-Use Property With Five Apartments
    Mixed-Use Property With Five Apartments

    235-257 Belgrade Avenue, North Mankato, MN 56003

    $2,600,000

    Main-level retail space includes display windows, while upper floors provide residential accommodations.

    View details
    Apartment Building Near Mayo Clinic
    Apartment Building Near Mayo Clinic

    115 Echo Street, Mankato, MN 56001

    Contact for pricing
    48,696 sqft

    Apartment building near Mayo Clinic Health System in Mankato.

    View details

    Montgomery, MN Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Montgomery, MN on our real estate platform.

    Sale prices for two-family homes in Montgomery, MN average $374,900 — 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 4,948
    Population Growth (5Y) +7.0%
    Median Household Income $81,919
    College Educated 26.1%

    Taxes & Financing

    Tax Rate (average for all types) 2.53%
    Property Tax per SF $26.01 per SF
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

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