Residential Income Property in
For Sale
$449,900
1806 Lincoln Ave, Montevideo, MN 56265
5,800 SF residential building suitable for shared-living or specialty housing.
Property Size5,800 SF
Lot Size0.58 Acres
Price / SF$77.57
Days on Market167
Property Features for 1806 Lincoln Ave
General Information
Standard status
Active
Size
5,800 SF
Lot size
0.58 Acres
Property subtype
Multifamily
Building Details
Building Size
5,800 SF
Year Built
1980
Listing Agency:
SVN GC Real Estate
(320) 333-2692
Listed By:
Mike Bobick, CCIM · License #20599441
Source:
Svn
Added: Mar 6
Changed: Aug 14
Last Checked: Aug 20 at 4:48AM
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 SVN GC Real Estate
Investment Insights
Based on property information with market context.
Offered for sale is a vacant 5,800 SF residential income property configured as a shared-living / group-home style residence. The building features 10 bedrooms with the potential for 11–12 bedrooms, multiple shared bathrooms, and extensive common areas including shared kitchens, dining space, living and activity rooms, laundry facilities, and office space. Located in a quiet residential area of Montevideo, Minnesota, the property sits within an established neighborhood with convenient access to local services, schools, and employment centers. The site offers a residential setting suitable for shared-living or specialty housing uses, with paved parking and easy access from Lincoln Avenue. The surrounding area consists primarily of residential properties, supporting long-term residential demand and stable neighborhood use. The property is situated on approximately 0.58 acres. It includes ADA-accessible features such as a roll-in shower and handicap tub, a common laundry room, forced-air heat, and natural gas. It is connected to city water and sewer. On-site paved parking is available. Zoned R-2 Multi-Family Residential, the property is suitable for shared-living, group home, or specialty residential use, with redevelopment or conversion potential subject to municipal approvals.
Key Highlights
- 5,800 SF residential income property ideal for shared‑living, group home, or specialty residential use.
- Boasts 10 bedrooms with potential to expand to 11–12.
- Located in a quiet Montevideo residential area, offering convenient access to local amenities, schools, and employment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - 5,800 SF residential building suitable for shared-living or specialty housing.
Where is this multifamily property located?
The property is located at 1806 Lincoln Ave Montevideo, MN.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 5,800 SF residential income property ideal for shared‑living, group home, or specialty residential use.; Boasts 10 bedrooms with potential to expand to 11–12.; Located in a quiet Montevideo residential area, offering convenient access to local amenities, schools, and employment.
