Malvín Norte, Alto Perú 2000

U$S 219,000

$ ~8,800,000 / U$S 1,217/m2

US$ 1,217/m2 · 2% pricier than the median of Malvín Norte

Published 4 days ago
Bedrooms

5

Bathrooms

3

Garage

2

Area

180

Construction Year

1961

Category

Home

Views

19

Sale of 3 houses on a single plot in Malvín Norte

House for sale in Malvín Norte, Montevideo, Uruguay: U$S 219,000, 180 m², 5 bedrooms, 3 bathrooms. Published on October 20, 2026 by RE/MAX; updated on October 22, 2026.

Price per m² in Malvín Norte: sale and rent

Exceptional property on Alto Perú, Malvín Norte, 2 blocks from Avenida Italia, in Montevideo. Ideal for living, investment, rental income, or development projects.

Features:

  • 560 m² of land and 180 m² built, distributed across 3 independent units on a single plot.
  • Currently has a total of 5 rooms, 3 full bathrooms, and 2 parking spaces.
  • Built in 1961 and in very good overall condition.
  • Large backyard, spacious green area, barbecue area, and fruit trees.

Layout:

  • House 1, at the front: 3 bedrooms, living room, kitchen, bathroom, distribution area, and garage.
  • House 2, the central unit: 3 bedrooms, large living room, kitchen, and bathroom.
  • House 3, at the back: 3 good-sized rooms, kitchen, and bathroom.

Possible uses:

  • Keep all three units for rental, combine an owner-occupied home with monthly income, or modify the layout to create a larger property.
  • The first two houses can be integrated to create a spacious family home with a large plot.
  • The third house can remain independent or be converted into a barbecue or social room, study or office, guest space, family accommodation, independent rental unit, workshop, gym, or recreation space.

Development potential:

The 560 m² plot allows for consideration of different use and development options, subject to current regulations and the relevant authorisations. Options include keeping and optimising the existing units for rental, renovating or updating the homes to increase their rental value, reconfiguring the spaces to improve profitability, creating new usable areas on the plot, considering a potential real estate project in accordance with local regulations, or combining residential use, rental income, and professional or recreational spaces.

An especially interesting opportunity for investors, with estimated gross annual returns of 12%. The property can be kept as it is, converted into a large residence, generate income through rentals, or serve as a starting point for considering a larger-scale project. Ideal for families, investors, or buyers who particularly value the land, versatility, and future potential of the property.

Each office is independently owned, managed, and developed. This listing describes the essential characteristics of the property. Consult the person responsible for the transaction regarding possible updates to measurements, architectural and functional descriptions, services, taxes, prices, and other information; figures are approximate.

Property details

ID

Category

Type

Area

Built Area

Terrain

Rooms

1756024

Home

Sale

180

180

180

6

Bathrooms

Bedrooms

Garage

Construction Year

Code

Updated

3

5

2

1961

S96F99

2026-10-20

Payment calculator

Monthly payment
US$ 1.273/mo
Loan
US$ 164.250
Interest
US$ 141.373
Total of payments
US$ 305.623
Down payment
US$ 54.750

Approximate: fixed rate, no insurance or fees. Check the terms with your bank.

Location

219к U$S

Location

Montevideo

Address

Malvín Norte, Alto Perú 2000

What's nearby

Public transport
AV GRAL RIVERA - BV JOSE BATLLE Y ORDOÑEZ
1.6 km · 20 min walk
Supermarket
Multimarket
400 m · 5 min walk · 10 within 1 km
School
Institut Pasteur de Montevideo
300 m · 4 min walk · 17 within 1 km
Pharmacy
Farmashop 59
430 m · 5 min walk · 6 within 1 km
Park
Plaza Boix y Merino
260 m · 3 min walk · 4 within 1 km
Show 6 more
University
Centro de Investigaciones Nucleares
280 m · 3 min walk · 4 within 1 km
Hospital or clinic
COSEM
500 m · 6 min walk
Beach
Playa del Buceo
1.6 km · 20 min walk
Bank or ATM
República
490 m · 6 min walk · 8 within 1 km
Restaurant or café
540 m · 7 min walk · 4 within 1 km
Gym
Tekoa Crossfit
730 m · 9 min walk · 5 within 1 km

Straight-line distance, walking time at 4.8 km/h. Map data © OpenStreetMap contributors

Amenities

Garage

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