Montevideo Residential Income
For Sale
Contact for pricing
1806 Lincoln Ave, Montevideo, MN 56265
5,800 SF residential income property in Montevideo, Minnesota.
Property Size5,800 SF
Price / SF$77.57
Days on Market1157
Property Features for 1806 Lincoln Ave
General Information
Standard status
Active
Size
5,800 SF
Class
D
Property subtype
Multifamily
Zoning
R-2 Multi-Family Residential
Building Details
Year Built
1980
Listing Agency:
SVN | GC Real Estate
(320) 253-0003
Listed By:
Mike Bobick · License #40048013
Source:
Crexi
Added: Jun 21, 2023
Changed: Aug 8
Last Checked: Aug 8 at 11:50AM
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 5,800 SF residential income property currently configured as a shared-living / group-home style residence. The building features 10 bedrooms with 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. The property includes ADA-accessible features such as grab bars, a handicap tub, and roll-in shower. Zoned R-2 Multi-Family Residential, the property offers future redevelopment or reconfiguration potential, subject to city approvals. This is not a traditional apartment building and does not contain individual dwelling units. Ideal for specialty housing operators, shared-living concepts, workforce housing, or investors seeking a value-add or redevelopment opportunity. 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.
Key Highlights
- Large 5,800 SF residential income property with 10 bedrooms (potential for 11‑12).
- Zoned R‑2 Multi‑Family Residential, offering redevelopment or reconfiguration potential.
- Extensive common areas including shared kitchens, dining, living, activity rooms, laundry, and office space.
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - 5,800 SF residential income property in Montevideo, Minnesota.
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: Large 5,800 SF residential income property with **10 bedrooms (potential for 11‑12)**.; Zoned R‑2 Multi‑Family Residential, offering redevelopment or reconfiguration potential.; Extensive common areas including shared kitchens, dining, living, activity rooms, laundry, and office space.
