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1806 E Lincoln Ave 10 Unit Apartment Building $675,651 CAD ($67,565 CAD/Unit) Montevideo, MN 56265
Investment Highlights
- Some common area furniture included
- Fenced area with raised garden beds
- Community/living rooms have built-ins
- Common laundry with machines
- Two full kitchens
- Vinyl, plank and carpet throughout
Executive Summary
Property Description
Offered for sale is a 5,800 SF residential income property currently configured as a shared-living / group-home style residence. The building features 10 bedrooms with potential for 11–12 bedrooms, multiple shared bathrooms, and extensive common areas including shared kitchens, dining space, living and activity rooms, laundry facilities, and office space.
The property includes ADA-accessible features such as grab bars, a handicap tub, and roll-in shower. Zoned R-2 Multi-Family Residential, the property offers future redevelopment or reconfiguration potential, subject to city approvals. This is not a traditional apartment building and does not contain individual dwelling units.
Ideal for specialty housing operators, shared-living concepts, workforce housing, or investors seeking a value-add or redevelopment opportunity.
Location Description
Located in a quiet residential area of Montevideo, Minnesota, the property sits within an established neighborhood with convenient access to local services, schools, and employment centers. The site offers a residential setting suitable for shared-living or specialty housing uses, with paved parking and easy access from Lincoln Avenue. The surrounding area consists primarily of residential properties, supporting long-term residential demand and stable neighborhood use.
Highlights
5,800 SF residential building on approximately 0.58 acres
10 bedrooms with potential for 11–12 bedrooms (buyer to verify)
Multiple shared bathrooms
Shared kitchens and dining area
Shared living room and activity/common space
Office space that may be convertible to a bedroom
ADA-accessible features including roll-in shower and handicap tub
Common laundry room
Forced-air heat; natural gas
City water and sewer
On-site paved parking
Zoned R-2 Multi-Family Residential
Suitable for shared-living, group home, or specialty residential use
Redevelopment or conversion potential subject to municipal approvals
Offered for sale is a 5,800 SF residential income property currently configured as a shared-living / group-home style residence. The building features 10 bedrooms with potential for 11–12 bedrooms, multiple shared bathrooms, and extensive common areas including shared kitchens, dining space, living and activity rooms, laundry facilities, and office space.
The property includes ADA-accessible features such as grab bars, a handicap tub, and roll-in shower. Zoned R-2 Multi-Family Residential, the property offers future redevelopment or reconfiguration potential, subject to city approvals. This is not a traditional apartment building and does not contain individual dwelling units.
Ideal for specialty housing operators, shared-living concepts, workforce housing, or investors seeking a value-add or redevelopment opportunity.
Location Description
Located in a quiet residential area of Montevideo, Minnesota, the property sits within an established neighborhood with convenient access to local services, schools, and employment centers. The site offers a residential setting suitable for shared-living or specialty housing uses, with paved parking and easy access from Lincoln Avenue. The surrounding area consists primarily of residential properties, supporting long-term residential demand and stable neighborhood use.
Highlights
5,800 SF residential building on approximately 0.58 acres
10 bedrooms with potential for 11–12 bedrooms (buyer to verify)
Multiple shared bathrooms
Shared kitchens and dining area
Shared living room and activity/common space
Office space that may be convertible to a bedroom
ADA-accessible features including roll-in shower and handicap tub
Common laundry room
Forced-air heat; natural gas
City water and sewer
On-site paved parking
Zoned R-2 Multi-Family Residential
Suitable for shared-living, group home, or specialty residential use
Redevelopment or conversion potential subject to municipal approvals
Property Facts
| Price | $675,651 CAD | Building Class | C |
| Price Per Unit | $67,565 CAD | Lot Size | 0.58 AC |
| Sale Type | Investment | Building Size | 5,181 SF |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | Multifamily - Multifamily | ||
| Price | $675,651 CAD |
| Price Per Unit | $67,565 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 5,181 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Opportunity Zone |
Yes |
| Zoning | Multifamily - Multifamily |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
1 1
Property Taxes
| Parcel Number | 70-387-0110 | Improvements Assessment | $635,166 CAD |
| Land Assessment | $44,412 CAD | Total Assessment | $679,578 CAD |
Property Taxes
Parcel Number
70-387-0110
Land Assessment
$44,412 CAD
Improvements Assessment
$635,166 CAD
Total Assessment
$679,578 CAD
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1806 E Lincoln Ave
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