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VACANT - Unique residential income property featuring 11 bedrooms with potential for a 12 bedroom, multiple shared bathrooms, and spacious common areas. Layout includes a shared kitchen and dining area, shared living and activity rooms, laundry room, office space, and ADA-accessible features including roll-in showers. Zoned R-2 Multi-Family Residential, offering potential for future reconfiguration or redevelopment, subject to city approvals. Not a traditional apartment building.

VACANT - Unique residential income property featuring 11 bedrooms with potential for a 12 bedroom, multiple shared bathrooms, and spacious common areas. Layout includes a shared kitchen and dining area, shared living and activity rooms, laundry room, office space, and ADA-accessible features including roll-in showers. Zoned R-2 Multi-Family Residential, offering potential for future reconfiguration or redevelopment, subject to city approvals. Not a traditional apartment building.

1806 E Lincoln Avenue, Montevideo

Listing courtesy of Granite City Real Estate.

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.

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.

215 S 5th Street, Montevideo

Listing courtesy of Weichert REALTORS Tower Properties.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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