Building Details

Year Built 1910

Buildings 2

Listing Agency: Weichert REALTORS Tower Properties

Listed By: Jason Dowdey · License #40507956 Show Phone

Source: Tayloronken

Added: Oct 10 Last Checked: Aug 25 at 7:36AM

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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 Weichert REALTORS Tower Properties

Investment Insights

Based on property information with market context.

This nine-unit multifamily property consists of two buildings on one parcel. The 1910 main building contains seven apartments, while a separate building adds two more. Most units have been renovated, with updated interiors alongside retained architectural details.

On-site amenities include coin-operated laundry, a three-car garage, off-street parking, and a fenced yard. The property has a 7% cap rate.

Key Highlights

• Nine apartments across two buildings on one parcel
• Seven units in the main building, built in 1910; two units in a separate building
• Most units have renovated interiors

Property Analytics

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Current Use

Wildwood Apartments Housing Complex

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Hair Salon Auto Parts Store Parking Lot & Garage

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

9

Residential units

Location Intelligence

Trade Area within ½ mile

425

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Two buildings combine updated apartments with coin-operated laundry, garage parking, and a fenced outdoor area.

Where is this apartment building located?

The property is located at 215 S 5th St Montevideo, MN.

What is the asking price?

The asking price for this property is $899,900.

What are key features of this property?

This property features: Nine apartments across two buildings on one parcel; Seven units in the main building, built in 1910; two units in a separate building; Most units have renovated interiors