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Two-Unit Duplex with Separate Meters
For Sale
$139,000

111 Coleman Ave, Montevideo, MN 56265

Converted two-unit residence with distinct layouts, utility metering, and shared outdoor space.

Property Size1,170 SF
Price / SF$118.80
Days on Market9

Property Features for 111 Coleman Ave

General Information

Standard status Active
Size 1,170 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 3BR, 1 x 2BR
Multifamily Units 2

Amenities

back patio

Building Details

Year Built 1905
Buildings 1
Listing Agency: Hughes Real Estate and Auction
Listed By: Janell Welling
Source: Searchhousesnow
Added: Aug 22 Changed: Aug 28 Last Checked: Aug 30 at 8:53PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hughes Real Estate and Auction

Investment Insights

Based on property information with market context.

This 1,170-square-foot duplex contains two residential units within a 1905 structure. The main-level residence has three bedrooms, a kitchen, pantry, living room, three-quarter shower, and laundry, with gas-furnace heat. The upper unit includes two bedrooms, a kitchen, pantry, and living room, and is served by electric baseboard heating. A basement provides storage, while the rear patio is available for tenant use.

Electrical improvements include updated breakers, individual meters for each unit, and hard-wired smoke detectors. The property has passed City of Montevideo rental inspections. An attached garage configuration shares a driveway with the neighboring garage; a separated parking area has been designated for tenant convenience. The existing air-conditioning unit has not been used during the seller’s ownership, and its operating condition is unverified.

Key Highlights

  • Two‑unit duplex with 1,170 SF of total property size
  • Main unit includes 3 bedrooms, laundry, and gas‑furnace heat
  • Upper unit offers 2 bedrooms with electric baseboard heating

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Restaurant HVAC Service Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

201
Businesses Nearby

Demographics for 56265, MN

7,634
Population
3,398
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
91%
High-School Grad
264.0 sq mi
ZIP Area
29
Density / Sq Mi
$72,564
Median Household Income
$39,888
Median Earnings
$835
Median Rent
$159,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Converted two-unit residence with distinct layouts, utility metering, and shared outdoor space.
Where is this duplex located?
The property is located at 111 Coleman Ave Montevideo, MN.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,170 SF of total property size; Main unit includes 3 bedrooms, laundry, and gas‑furnace heat; Upper unit offers 2 bedrooms with electric baseboard heating
More about this property
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