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    Montevideo, MN Multifamily Properties for Sale

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    Dawson, MN Granite Falls, MN Clara City, MN
    Multifamily Property with Historic Charm
    $899,900
    0.53 Acres
    Multifamily Property with Historic Charm

    215 S 5th Street, Montevideo, MN 56265

    Well-maintained 9-unit multifamily property with historic charm and modern updates.
    • Strong 7% Cap Rate for Stable Income
    • Nine Units in Two Buildings on One Parcel
    • Renovated Units with Updated Interiors
    • Historic Charm Blended with Modern Updates
    • On‑Site Amenities: Coin Laundry, Three‑Car Garage, Ample Parking, Fenced Yard
    Updated: Jan 16
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    Montevideo Multifamily Investment Opportunity
    $924,900
    8,619 SF
    Montevideo Multifamily Investment Opportunity

    215 S 5th St, Montevideo, MN 56265

    Nine-unit multifamily property in Montevideo's stable rental market.
    • High Cap Rate: Approximately 7+% cap rate indicates strong current income.
    • Stable Rental Market: Montevideo's diverse economy ensures consistent demand.
    • Limited Competition: Low vacancy rates and limited competing inventory in Montevideo.
    • Prime Location: Situated in an established residential neighborhood near downtown, schools, parks, and major employers.
    • Desirable Amenities: Offers off‑street parking and on‑site laundry.
    Updated: Feb 6
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    Montevideo Residential Income Property
    $449,900
    5,800 SF
    Montevideo Residential Income Property

    5,800 SF residential income property in Montevideo, Minnesota.

    1806 Lincoln Ave, Montevideo, MN 56265

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    Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 3 Active listings in Montevideo, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 8 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Mixed-Use Building For Sale
    $359,900
    6,000 SF
    Historic Mixed-Use Building For Sale

    Mixed-use building with commercial tenants and residential apartments.

    15 1st Ave SE, Watertown, SD 57201

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    2015 Duplex Mobile Home
    $179,900
    2015 Duplex Mobile Home

    2015 duplex mobile home with rental income potential.

    415-417 KAMPESKA BOULEVARD, Watertown, SD 57201

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    Lake Jessie Lakeside Community Lot
    $45,900
    0.11 Acres
    Lake Jessie Lakeside Community Lot

    Residential lot in a lakeside community near Alexandria, Minnesota.

    Lot 29 Jessie View Drive SE, Alexandria, MN 56308

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    Lake Jessie Lakeside Community Lot
    $49,900
    0.08 Acres
    Lake Jessie Lakeside Community Lot

    Residential lot in a lakeside community with many amenities.

    Lot 15 Jessie View Drive SE, Alexandria, MN 56308

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land for Multi-Family Housing
    $249,900
    2.16 Acres
    Land for Multi-Family Housing

    2.16 acre lot zoned for multi-family housing development.

    1610 7th Avenue E, Alexandria, MN 56308

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    Waterfront Recreational Land Parcel
    $124,900
    9.30 Acres
    Waterfront Recreational Land Parcel

    Private lakeshore acreage with a gravel central drive and recognized RV or seasonal campground potential, subject to approvals.

    Fulda, MN 56131

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    Lake Thompson Waterfront Recreational Lot
    $193,800
    0.46 Acres
    Lake Thompson Waterfront Recreational Lot

    0.46 acre lot with 75 feet of lake frontage.

    21425 Sunset Trail, Lake Preston, SD 57249

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    Pine River Twp Waterfront Land
    $499,900
    30.20 Acres
    Pine River Twp Waterfront Land

    30.2 acres with 720 feet of shoreline.

    Backus, MN 56435

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    Off-Market Properties in Montevideo, MN

    Consider similar Off-Market properties in Montevideo, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    321 Ost Ave
    MOBILE HOME PARK, TRAILER PARK
    Value Estimation by Request

    321 Ost Ave, Montevideo, MN 56265-1060

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    1204 Benson Rd
    MOBILE HOME PARK, TRAILER PARK
    Lot: 16.77 Acres
    Value Estimation by Request

    1204 Benson Rd, Montevideo, MN 56265-1111

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    Montevideo, MN 56265
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.16 Acres
    Value Estimation by Request

    Montevideo, MN 56265

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    1806 Lincoln Ave
    Multifamily properties
    5,800 SF

    1806 Lincoln Ave, Montevideo, MN 56265

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    7055 49th SW St
    MOBILE HOME PARK, TRAILER PARK
    1,280 SF
    Value Estimation by Request

    7055 49th SW St, Montevideo, MN 56265-3150

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    7044 49th SW St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 2.20 Acres
    Value Estimation by Request

    7044 49th SW St, Montevideo, MN 56265-3150

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    20 Ramsey Park
    MOBILE HOME PARK, TRAILER PARK
    980 SF
    Value Estimation by Request

    20 Ramsey Park, Montevideo, MN 56265

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    9 Ramsey Park
    MOBILE HOME PARK, TRAILER PARK
    1,280 SF Lot: 0.03 Acres
    Value Estimation by Request

    9 Ramsey Park, Montevideo, MN 56265

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    Montevideo, MN Multifamily Properties Investment Opportunities Market Analysis

    Explore 11 multifamily properties for sale in Montevideo, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 14,419 square feet of properties for sale, with an estimated market value of $1,374,800.

    Sale prices for multifamily properties in Montevideo, MN start at $449,900, averaging $687,400, and reaching up to $924,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Apartment buildings 2

    Demographics Overview

    Population 7,433
    Population Growth (5Y) +1.5%
    Median Household Income $72,564
    College Educated 28.8%

    High-Yield Neighborhoods for Investment

    Identify Montevideo submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    56265 $758.2K

    Taxes & Financing

    Tax Rate (average for all types) 2.86%
    Property Tax per SF $44.77 per sq ft
    Average Loan-to-Value 65.0%

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