Listing Agency: LPT Realty, LLC Show Phone

Listed By: Monica Morff Show Phone

Source: Exprealty

Added: May 6 Changed: Aug 29 Last Checked: Aug 29 at 7:28PM

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Investment Insights

Based on property information with market context.

This mixed-use building at 300 1st St S in Montgomery includes five residential units and a separate commercial unit. The residential component consists of two 2-bedroom apartments, two 1-bedroom apartments, and one studio, providing a varied unit mix within the same property. A detached garage offers additional functional space for tenant use or storage.

Recent work includes fresh paint and new flooring in two residential units, along with installation of a new water heater. The property is fully occupied and carries a 9.2% cap rate. Its position in Montgomery places the asset within driving distance of the Twin Cities while retaining a combination of residential and commercial space.

Key Highlights

• 9.2% cap rate with the property fully occupied
• Five residential units: two 2‑bedroom, two 1‑bedroom, and one studio
• Separate commercial unit included in the mixed‑use building

Property Analytics

Property Profile

Current Use

Snap Fitness Montgomery Gym & Fitness Center Center Stage Dance Training Center Monty Bait & Tackle (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Nail Salon Building Supply Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

229

Businesses Nearby

Explore this area Business Placement

Demographics for 56069, MN

4,837

Population

2,150

Households

2.2

Avg Household Size

40

Median Age

21%

College-Educated

96%

High-School Grad

71.2 sq mi

ZIP Area

68

Density / Sq Mi

$81,919

Median Household Income

$48,750

Median Earnings

$893

Median Rent

$254,900

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 mixed-use properties 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?

Mixed-use property - Fully occupied building combines residential units with a separate commercial space and detached garage.

Where is this mixed-use property located?

The property is located at 300 1st St S Montgomery, MN.

What is the asking price?

The asking price for this property is $374,900.

What are key features of this property?

This property features: 9.2% cap rate with the property fully occupied; Five residential units: two 2‑bedroom, two 1‑bedroom, and one studio; Separate commercial unit included in the mixed‑use building