Cordón, Paysandú 1600

U$S 280,000

$ ~11,300,000 / U$S 1,657/m2

US$ 1,657/m2 · 15% pricier than the median of Cordón

On the market since Oct 16, 2026 · Previously listed at U$S 280,000
Bedrooms

5

Bathrooms

3

Area

169

Construction Year

1918

Category

Home

Views

22

Sale of a mansion in Cordón, ideal for investors, 17% return

House for sale in Cordón, Montevideo, Uruguay: U$S 280,000, 169 m², 5 bedrooms, 3 bathrooms. Published on October 29, 2026 by RE/MAX; updated on October 30, 2026.

Price per m² in Cordón: sale and rent

Property ready to operate, with an annual return of 17%. It has 5 bedrooms and 5 bathrooms in total: 2 en suite and 3 shared. A classic-style mansion, fully renovated and optimized for coliving, student residence, or a high-occupancy hostel.

Features:

  • Designed to maximize returns per square meter and provide a steady, immediate cash flow.
  • Various individual and double accommodation units, as well as suites with private bathrooms, equipped with furniture, closets, bedside tables, and individual refrigerators or mini-fridges.
  • WIFI throughout the property.

Common areas:

  • Covered inner courtyard with a skylight, serving as a central dining room and social area with TV, making the most of natural light.
  • Open-plan kitchen with a bar and lockers, with individual storage for guests or tenants.
  • Reception area and lounge for access control and waiting.
  • Mezzanine that makes use of the high ceilings to expand the property's usable area.

Commercial and maintenance advantages:

  • Recently renovated, with durable vinyl floating and ceramic floors, restored windows and doors, and modern installations.
  • Fully equipped and decorated with a modern aesthetic, ready to continue or start operations without prior construction investment.
  • Ideal for investors seeking a secure, diversified real estate asset with returns significantly higher than traditional rentals.

Expenses and taxes:

  • Annual property contribution: $23.000.
  • Annual taxes: $ 10.000.

Conditions:

  • Real estate commission: 3% + IVA.
  • Each office is independently owned, managed, and developed.
  • This listing describes the property's essential features. Consult the person responsible for the transaction regarding possible updates to measurements, architectural and functional descriptions, services, taxes, prices, and other information; the values are approximate.

Property details

ID

Category

Type

Area

Built Area

Terrain

1777968

Home

Sale

169

169

169

Rooms

Bathrooms

Bedrooms

Construction Year

Code

Updated

6

3

5

1918

X9A5B9

2026-10-29

Payment calculator

Monthly payment
US$ 1.628/mo
Loan
US$ 210.000
Interest
US$ 180.751
Total of payments
US$ 390.751
Down payment
US$ 70.000

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

Location

280к U$S

Location

Montevideo

Address

Cordón, Paysandú 1600

What's nearby

Public transport
Suburbanos
60 m · 1 min walk · 11 within 1 km
Supermarket
Comag
300 m · 4 min walk · 28 within 1 km
School
Liceo 32 Guayabo
120 m · 1 min walk · 36 within 1 km
Pharmacy
Homeopatía Alemana
220 m · 3 min walk · 32 within 1 km
Park
Plaza de los Treinta Y Tres
260 m · 3 min walk · 20 within 1 km
Show 6 more
University
Facultad de Humanidades y Ciencias de la Educación
30 m · 1 min walk · 15 within 1 km
Hospital or clinic
Consultorios Constituyente
620 m · 8 min walk · 16 within 1 km
Beach
Playa Ramírez
1.8 km · 23 min walk
Bank or ATM
República
380 m · 5 min walk · 34 within 1 km
Restaurant or café
Don Basilio
50 m · 1 min walk · 52 within 1 km
Gym
Aerobic
600 m · 7 min walk · 7 within 1 km

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

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