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215 S 5th Street
Montevideo MN 56265 US

$980,000

Active Listing ID 7009752
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Lot: 0.53 Acres
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Other

$980,000

Active Listing ID 7009752
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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.

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Property Features

  • Facts
  • Lot Size: 0.53 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Brick/Stone
  • Floor Covering: Carpet, Linoleum, Vinyl, Wood
  • Roof Type: Shingle

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 980000
  • unparsedaddress: 215 S 5th Street
  • postalcity: Montevideo
  • stateorprovince: MN
  • country: US
  • postalcode: 56265
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.528
  • lotsizeunits: Acres
  • lotsizearea: 0.528
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 44.9437876
  • longitude: -95.72089918
  • listagentfullname: Jason Dowdey
  • listagentemail: jasondowdey@gmail.com
  • listagentkey: 3yd-RMLSMN-506560333
  • listagentmlsid: 506560333
  • listagentpreferredphone: 2188257787
  • listagentofficephone: 2188257787
  • listofficekey: 3yd-RMLSMN-27064
  • listofficemlsid: 27064
  • disclaimer: Copyright © 2026 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RMLSMN
  • yearbuilt: 1910
  • listingcontractdate: 2026-01-16
  • listagenturl: http://www.Wrtower.com
  • countyorparish: Chippewa-MN
  • parcelnumber: 703750320
  • appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water - Softener
  • constructionmaterials: Frame
  • flooring: Carpet, Linoleum, Vinyl, Wood
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Driveway, Garage, Garage - Detached, Paved or Surfaced
  • roof: Shingle
  • waterfrontyn: False
  • franchiseaffiliation: Weichert
  • exteriorfeatures: Brick/Stone
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -95.7209, 44.943787
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Weichert, Realtors-Tower Properties", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"replytotower@gmail.com", "ListBrokerageCity":"Brainerd", "ListBrokerageCountry":"US", "ListBrokerageEmail":"replytotower@gmail.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/RMLSMN/816ee8115b5011e7883a0242ac110009/20200204160546289.png", "ListBrokerageName":"Weichert, Realtors-Tower Properties", "ListBrokeragePhone":"218-825-7787", "ListBrokeragePostalCode":"56401", "ListBrokerageStateOrProvince":"ME", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"17122 State Hwy 371", "ListBrokerageWebsiteUrl":"http://www.Wrtower.com", "ListOfficeAddress1":"17122 State Hwy 371", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Brainerd", "ListOfficeCountry":"US", "ListOfficeEmail":"replytotower@gmail.com", "ListOfficePostalCode":"56401", "ListOfficeStateOrProvince":"ME", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial - Montevideo, MN", "ListingURL":"https://listings.listhub.net/pages/RMLSMN/7009752/?channel=rexren", "MLSModificationTimestamp":"2026-01-17T09:21:57Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Commercial", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":8392, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/18/2026 1:02:30 AM GMT
Source Updated Date: 1/18/2026 7:47:13 PM GMT

Courtesy of: Jason Dowdey, Weichert,Realtors-Tower Properties, jasondowdey@gmail.com

Copyright © 2026 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.