Date
Details
Price
Change
Source
1/16/2026
Listed
$980,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$980,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 215 N 5th St
General
- Price: $980,000
- Taxes: $8,392 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7009752
- Updated: Today (1/16/2026)
- Added to Site: Today
Interior
- Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Owned
- Flooring: Carpet, Vinyl, Wood
Exterior
- Porch/Patio/Deck: Covered, Front Porch
Parking
- Garage: Yes
- Garage Spaces: 3
- Parking Features: Detached Garage, Concrete, Garage Door Opener, Paved Lot, More Parking Onsite for Fee
Location
- County: Chippewa
- Township: Montevideo
- Subdivision: Montevideo
- Driving Directions: From Hwy 7 turn south on 5th St., and the home will be on your right about 8 blocks south.
School Information
- School District: 768 - Montevideo
- High School District: Montevideo
Heating & Cooling
- Heating Type: Boiler
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Common, Heating Common, Hot Water Common
Structural Information
- Exterior Const.: Frame
- Basement: Yes
- Finished basement: Yes
- Basement Desc.: Finished
- Foundation Size: 1622
- Roof: Architectural Shingle
- Ceiling Height: 8-10
- Disability Access: None
- Square Feet: 8,619
- Finished Down/Base.: 8,619 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1910
Unit Information
- Units w/Refrigerators: 1
Lot Features
- Lot Size (Acres): 0.528
- Lot Dimensions: 200 x 105 x 108 x 22 x 92 x 127
- Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights
- Zoning: Residential-Multi-Family
- Lot Description: Light Tree Coverage, Underground Utilities
- Fencing (Description): Chain Link, Full
Financial Considerations
- Operating Expenses: $26,290
- Tax Amount: $8,392
- Tax Year: 2025
- Terms: Conventional, Cash
- Owner Pays: All Utilities, See Remarks
- Tenant Pays: See Remarks
Disclosures and Reports
- Legal Description: FRINKS 1ST ADDITION 3, 4, 5 & 6 BLOCK 7 EX W 22 FT OF LOT S 5 & 6 & W 22 FT OF S 8FT LOT 4
- Inclusions: Building, Inventory, Rental License
- Property ID: 703750320
Listed by Weichert REALTORS Tower Properties
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Schools
Schools serving 215 N 5th St
School District:Montevideo Public School District
| Name | Grades | Distance |
|---|---|---|
Maria Sanford Elementary School 412 South 13th Street, Montevideo, MN 56265 | PK-K | 0.6 mi |
Ramsey Elementary School, Montevideo, MN 501 Hamilton Avenue, Montevideo, MN 56265 | 1-3 | 0.8 mi |
Montevideo Middle School 2001 William Avenue, Montevideo, MN 56265 | 4-7 | 1 mi |
Montevideo Senior High School 1501 William Avenue, Montevideo, MN 56265 | 8-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 215 N 5th St
Tax History
Tax History for 215 N 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,066
-4%
$226,000
7%
2023
$3,194
30%
$210,800
-6%
2022
$2,466
11%
$224,800
36%
2021
$2,212
10%
$165,000
11%
2021
$2,014
—
$148,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 215 N 5th St
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- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 1Total Bath
- 1,126Sq. Ft.
Listed by Peterson Team Realty
- Single Family
- Active
- Updated 15 hours ago
- 3Beds
- 2Total Baths
- 1,540Sq. Ft.
Listed by Weichert REALTORS Tower Properties
- Single Family
- Active
- Updated 8 hours ago
- 3Beds
- 3Total Baths
- 1,766Sq. Ft.
Listed by Peterson Team Realty
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,728Sq. Ft.
Listed by Peterson Team Realty
- Single Family
- Active
- Updated 5 days ago
- 5Beds
- 3Total Baths
- 2,283Sq. Ft.
Listed by Peterson Team Realty
215 N 5th Street, Montevideo, MN 56265 (MLS# 7009752) is a Commercial property. 215 N 5th Street is currently listed for $980,000 and was received on January 16, 2026. Want to learn more about 215 N 5th Street? Do you have questions about finding other Commercial real estate for sale in Montevideo? You can browse all Montevideo real estate or contact a Coldwell Banker agent to request more information.