Mankato MN Multi Family for Sale
$249,900
116 Shaubut Street Mankato, MN 56001
- Type:
- Triplex
- Sq.Ft.:
- 3,974
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1916
- Baths:
- MLS#:
- 6633101
- Subdivision:
- Lewis & Shaubuts Add
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Courtesy: Trelora Realty, Inc
ADDITIONAL INFORMATION
Beautiful, very clean, well-kept-for home. Two, 2 BR apartments. The first floor apartment is all on one level with mostly wood floors -- tile in bathroom and linoleum in kitchen. Bathroom on first floor has been redone with new tub and ceramic tile. The upstairs apartment is on 2 stories with a very large bedroom on the 3rd floor, with lots of storage. New furnace (1 year). Roof 10 y.o. Remaining street assessments paid by seller. New stairs to upper apartment (7K). There is ample closet space throughout the home with additional storage in the basement where laundry is located, PLUS another storage area in the basement that is accessible directly outside (see photos).
$245,000
612 Marsh Mankato, MN 56001
- Type:
- Multi-Family
- Sq.Ft.:
- 2,120
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.08 Acres
- Baths:
- MLS#:
- 7036378
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Courtesy: Connect Real Estate Group
ADDITIONAL INFORMATION
Duplex located in central Mankato, just down the hill from Bethany College. Upper level has 3 bedrooms and full bath. Stairs connecting to lower unit, which also has 3 bedroom and bath. Laundry located in lower level off the utility room. One stall attached garage with off street parking next to alley. This is a licensed duplex but currently rented as whole house for $1925 + pet rent & tenants pay all utilities. They currently also do their lawn care and snow removal. Licensed for 2 units, with no limited occupancy meaning 5 unrelated or single family. Potential to increase rent(s) after expiration of lease. Separately metered electric for each unit. Excellent rental history. Current lease in place runs through 8/14/2025. Roof on upper level roof replaced, Dryer/Dishwasher and one furnace in 2024, and newer flooring prior to current tenants 2022. More photos coming. Make sure to snag this investment today!
- Type:
- Fourplex
- Sq.Ft.:
- 4,253
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1881
- Baths:
- MLS#:
- 6630358
- Subdivision:
- Mankato - Everetts Blk 40/blk 23
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Courtesy: Keller Williams Premier Realty
507-424-4422
ADDITIONAL INFORMATION
This exceptional 4-plex located in the heart of Central Mankato offers a fantastic investment opportunity with extensive upgrades and an outstanding rental history. With long-term tenants and leases in placethrough the fall of 2025, this property is a turn-key asset for any investor. Key features include but not limited to: updated electrical, plumbing, vinyl windows, newer furnace, coin-operated laundry ,gutters, downspouts & more!! Simply too many upgrades to list! Whether you're an experienced investo ror looking to start your portfolio, this property offers a rare combination of value, convenience & long-term potential. Contact me today for more details or to schedule a private showing! This 4-plex is a must-see!
$249,990
451 N 6th Street Mankato, MN 56001
- Type:
- Multi-Family
- Sq.Ft.:
- 1,848
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.15 Acres
- Baths:
- MLS#:
- 7036265
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Courtesy: BorgsHomes Realty
ADDITIONAL INFORMATION
This duplex features a main level with 3 bedrooms and 1 bathroom, and an upper unit with 2 bedrooms and 1 bathroom. Off-street parking is available for both units. Each unit has its own electric meter. Conveniently located in central Mankato. 5 unrelated license.
$449,900
110 State Street Mankato, MN 56001
- Type:
- Multi-Family
- Sq.Ft.:
- 5,829
- Status:
- Active
- Beds:
- 9
- Lot size:
- 0.21 Acres
- Baths:
- MLS#:
- 7036079
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Courtesy: CENTURY 21 ATWOOD
ADDITIONAL INFORMATION
110 State Street is a large triplex well located in Mankatoâ??s Van Brunt Addition. The largest of the 3 units consists of 5+ bedrooms, 2 bathrooms, and is both on the main level and upper level of the left side of the building. This unit also has an attached 2 stall garage. Previously unit 112 rented for $2,600/moth but currently does not have a valid rental license. This large unit full of potential would make a great space for an owner occupant. Unit 110 is a 2 bedroom 1 bathroom apartment on the right side of the main level, and currently rents for $1,200/month. Unit 110.5 is a 2 bedroom 1 bathroom apartment on the upper level right side and currently rents for $1,200/month.
$399,900
829 S 2nd Street Mankato, MN 56001
- Type:
- Multi-Family
- Sq.Ft.:
- 4,136
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.17 Acres
- Baths:
- MLS#:
- 7035700
View additional info
Courtesy: JBEAL REAL ESTATE GROUP
ADDITIONAL INFORMATION
Are you looking for the ideal investment opportunity? Here is a "Owner Occupied" 4 plex that can get you started. The main floor unit has been occupied by the owner for the last 26 years. The main floor unit is an updated 2 bedroom, 1 bath with a washer and dryer. The upper level is a spacious 2-3 bedroom unit. The basement is a smaller 1 bedroom unit and contains the mechanical room. The last unit is a one bedroom unit above the garage. All rented units are month to month. The upstairs unit is vacant and the owner will be moving out of the main floor soon. This property has so much potential and has been very well maintained by the owner. The exterior of the home has a great curb appeal and offers a 2 stall garage, off street parking for up to 3 vehicles i there is a snow emergency during the winter. The owner has used the garage for his own purposes and there is plenty of "On Street" parking. All units have seperate gas and electric meters. This is a must see rental property. Call today for a private showing!!
- Type:
- Multi-Family
- Sq.Ft.:
- 6,283
- Status:
- Active
- Beds:
- 10
- Lot size:
- 0.24 Acres
- Baths:
- MLS#:
- 7034561
View additional info
Courtesy: RE/MAX DYNAMIC AGENTS
ADDITIONAL INFORMATION
Welcome to your next investment opportunity in the heart of a bustling city! This six-unit complex, primely situated near downtown, schools, and the Mankato State University, presents an enticing prospect for savvy investors seeking substantial returns. Although in need of complete rehabilitation, this property holds immense potential for lucrative returns once the renovations are completed. This six-unit complex presents an exceptional investment opportunity for those willing to undertake the necessary renovations. With its prime location, strong rental market, and potential for significant returns, this property is a promising addition to any investor's portfolio. Don't miss out on the chance to transform this property into a lucrative income-generating asset in the heart of the city with potential returns of 10% cash on cash!
$400,000
204 N 5th Street Mankato, MN 56001
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1905
- Baths:
- MLS#:
- 6477568
- Subdivision:
- Mankato
View additional info
Courtesy: True Real Estate
507-345-8783
ADDITIONAL INFORMATION
Gorgeous Victorian house, currently a 4-plex for sale in a prime rental location, with easy access to downtown and campus. This property is great for investors seeking a lucrative addition to their portfolio. With a total of 8 bedrooms, and 4 bathrooms, this income producing property already houses a fully rented out property. The property's well-built and maintained structure has many updates, and has also has maintained the integrity of its era. Stability is key, and this property delivers with solid leases in place, offering a dependable stream of income. Newer furnace, 10-year-old boiler recently serviced, owner pays utilities, one meter. Coin laundry available for all tenants. 48-hour notice to show.
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Listings courtesy of Northstar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Xome Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Xome Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed. Open House information is subject to change without notice. Copyright 2025, Regional Multiple Listing Service of Minnesota, Inc. All rights reserved
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
The data on this web site comes in part from the REALTOR® Association of Southern Minnesota. The listings presented on behalf of the REALTOR® Association of Southern Minnesota may come from many different brokers but are not necessarily all listings of the REALTOR® Association of Southern Minnesota are visible on this site. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or selling. Information is believed to be reliable, but not guaranteed. Copyright ©2025 REALTOR® Association of Southern Minnesota. All rights reserved.
Mankato Real Estate
The median home value in Mankato, MN is $286,500. This is higher than the county median home value of $267,500. The national median home value is $338,100. The average price of homes sold in Mankato, MN is $286,500. Approximately 47.98% of Mankato homes are owned, compared to 43.7% rented, while 8.32% are vacant. Mankato real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Mankato real estate agent to arrange a tour today!
Mankato, Minnesota has a population of 43,938. Mankato is less family-centric than the surrounding county with 28.54% of the households containing married families with children. The county average for households married with children is 30.05%.
The median household income in Mankato, Minnesota is $56,274. The median household income for the surrounding county is $65,000 compared to the national median of $69,021. The median age of people living in Mankato is 26.8 years.
Mankato Weather
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 5.1 degrees. The average rainfall is approximately 31.7 inches per year, with 42.6 inches of snow per year.