215 S 5th Street Montevideo, MN 56265

$899,900
Active
 |  MLS # 7009752
Active
  • Property Outline .jpg
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  • 7 Unit Building
    7 Unit Building
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    Front of Building 1
  • 3 Car Garage and 7 Unit Building
    3 Car Garage and 7 Unit Building
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    Unit 1 Bathroom
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  • Duplex
    Duplex
  • 3 car Garage
    3 car Garage
  • 3 Car Garage
    3 Car Garage
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    Coin Laundry in Duplex
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    Property Outline 4.jpg
  • Basement
    Basement
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About The Listing

Rare opportunity to acquire a well-maintained 9-unit multifamily property featuring two separate buildings on one parcel. The main turn-of-the-century home offers seven units and retains much of its original historic charm, blending character with modern updates. A second building provides an additional two units, creating a versatile unit mix.

Most units have been renovated, offering updated interiors while preserving classic architectural details. Property amenities include on-site coin laundry, a three-car garage, ample off-street parking, and a fenced yard with outdoor features.

The property offers a strong 7% cap rate, making it an attractive option for investors seeking stable income. The combination of historic appeal, functional updates, and on-site amenities contributes to long-term value and broad rental appeal.


Listing courtesy of Jason Dowdey, Weichert REALTORS Tower Properties
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1910
MLS #: 7009752
Garage Spaces: 3
Parking Description: Detached Garage, Concrete, Garage Door Opener, Paved Lot, More Parking Onsite for Fee
Sewer Description: City Sewer/Connected
Water: City Water/Connected
Heat Type: Boiler
Basement: Finished
Foundation Type: Brick/Mortar, See Remarks, Stone
Construction Description: Frame
Roof Description: Architectural Shingle
Days On Market (Continuous): 0
Disability Features: None
Latest Update: 05/27/2026
List Date: 01/16/2026
Listing Agent ID: 506560333
Listing Office: Weichert REALTORS Tower Properties
Listing Office ID: 27064
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Flooring: Carpet, Vinyl, Wood
Exterior Features: Stone
Fence: Chain Link, Full
Lot Dimensions: 200x105x108x22x92x127
Lot Size: 0.528 Acres
Pool Description: None
Lot Features: Tree Coverage - Light, Underground Utilities
School District: Montevideo
Tax Year: 2025
Estimated Taxes: $8,392
Contingency Type: None
City: Montevideo
Zip: 56265
County: Chippewa
Subdivision: Montevideo
State: MN
Listing last updated: 05/27/26

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