215 S 5th Street, Montevideo, MN 56265

$899,900$
Beds
0 Baths
0 SqFt
0.53 Acres
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$899,900$
215 S 5th Street
Montevideo, MN, 56265
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About 215 S 5th Street

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 Provided Courtesy of Weichert REALTORS Tower Properties

215 S 5th Street Property Details

Price:
$899,900
MLS #:
NST7009752
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subdivision:
Montevideo
Listed Date:
Jan 16, 2026
Total Sq Ft:
8,619
Lot Size:
23,000 sqft / 0.53 acres (approx)
Year Built:
1910
MontevideoMontevideo

Schools

School District:
Montevideo

Interior Features

Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Flooring
Carpet, Vinyl, Wood
Heating
Boiler
Levels
Three Or More

Exterior & Lot Features

Accessibility Features
None
Construction Materials
Frame
Exterior Features
Stone
Fencing
Chain Link, Full
Garage Spaces
3
Lot Features
Tree Coverage – Light, Underground Utilities
Parking Features
Detached Garage, Concrete, Garage Door Opener, Paved Lot, More Parking Onsite for Fee
Roof
Architectural Shingle

Property Taxes & Financial Details

Net Operating Income
$72,355
Tax Year
2025
Taxes
$8,392
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215 S 5th Street
Montevideo, MN
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David Gooden

David Gooden

David Gooden & Co
The Dane Arthur Agency

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