215 S 5th St, Montevideo, MN 56265

This 9-unit multifamily property is located in Montevideo, benefiting from a stable rental market supported by consistent local employment, limited new multifamily construction, and steady demand for workforce housing. Montevideo serves as the county seat of Chippewa County and functions as a regional hub for healthcare, education, manufacturing, and agricultural services, supporting long-term rental stability. The property is situated within an established residential neighborhood near downtown amenities, schools, parks, and major local employers, enhancing tenant retention and broad rental appeal. Access to paved city streets, sidewalks, and public utilities further supports ease of operation and long-term asset durability. The local market favors well-maintained, mid-sized multifamily assets, particularly those offering off-street parking, on-site laundry, and a diversified unit mix. With limited competing inventory and historically low vacancy rates for comparable properties, multifamily assets in Montevideo continue to attract investors seeking predictable cash flow in a secondary market with lower volatility than larger metros. The property's current performance at approximately a 7 +% cap rate, combined with its location, unit mix, and operational features, positions it favorably for investors targeting stabilized income with potential upside through continued unit improvements and operational efficiencies. The property size is 8619 square feet.