9-Unit Multifamily
For Sale
$899,900
215 S 5th Street, Montevideo, MN 56265
Commercial Sale, Montevideo, MN
Property SizeContact for details
Lot Size0.53 Acres
Days on Market266
Property Features for 215 S 5th Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Residential-Multi-Family
Rooms
Basement
Parking features
Driveway, Open, Garage - Detached
Patio and Porch features
Porch
Fencing
Chain Link
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener - Owned
Subdivision
Montevideo
Lot features
Tree Coverage - Light, Underground Utilities
High school district
Montevideo
Directions
From Hwy 7 turn south on 5th St., and the home will be on your right about 8 blocks south.
Standard status
Active
APN
703750320
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8392
Utilities
Heating system
Oil
Amenities
on-site coin laundry
fenced yard
Building Details
Year built
1910
Building materials
Frame
Roof type
Shingle
Listing Agency:
Weichert REALTORS Tower Properties
(320) 262-7787
Listed By:
Jason Dowdey · License #40507956
(218) 821-9726
Added: Jan 16
Changed: Oct 8
Last Checked: Oct 9 at 10:06PM
MLS# 7009752
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This nine-unit multifamily property comprises two buildings on a 0.528-acre parcel in Montevideo. The 1910 main residence contains seven units, while a second building has two units. Most apartments have been renovated. On-site features include coin-operated laundry, a detached three-car garage, off-street parking, a chain-link fenced yard, and a porch. The property also has a basement and oil heat.
The reported capitalization rate is 7%.
The reported capitalization rate is 7%.
Key Highlights
- Nine units across two buildings on one parcel
- 0.528‑acre property with a 1910 main residence
- Seven units in the main residence and two in the second building
Property Analytics
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Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
384
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings on one parcel provide a seven-unit main residence and a separate two-unit building.
Where is this apartment building located?
The property is located at 215 S 5th Street 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 units across two buildings on one parcel; 0.528‑acre property with a 1910 main residence; Seven units in the main residence and two in the second building
