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    Mankato, MN Apartment Buildings for Sale

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    28-Unit Apartment Building
    Updated: Apr 6
    28-Unit Apartment Building

    123 N 4th Street, Mankato, MN 56001

    $2,100,000
    0.24 AC lot
    28‑unit apartment building with 19 one‑bedroom units, 3 two‑bedroom units, and 6 studio apartments
    Improvements include new windows, updated flooring, fresh paint, new doors, and tiled hallways
    On‑site laundry area serves the apartment building
    Select units have upgraded kitchen cabinetry and countertops
    0.24‑acre property built in 1926 with a brick or stone exterior
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    Six-Unit Apartment Building
    Updated: Apr 1
    Six-Unit Apartment Building

    221 E Walnut Street, Mankato, MN 56001

    $599,000
    0.68 AC lot
    Fully leased six‑unit apartment building in downtown Mankato
    Newer roof and energy‑efficient windows
    Oil baseboard heat
    Separate electrical meters for the units
    Secure common entrance
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    8-Unit Multifamily Building
    8-Unit Multifamily Building

    415 S Broad Street, Mankato, MN 56001

    $2,000,000

    Well-maintained 8-unit multifamily with 4- and 5-bedroom apartments and oil heat, fully leased through July 14, 2027.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    8-Unit Apartment Building
    8-Unit Apartment Building

    415 S Broad Street, Mankato, MN 56001

    Contact for pricing
    3,114 sqft

    Eight apartments offer four- and five-bedroom layouts suited to student and family occupancy.

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    Mankato Apartment Building Investment Opportunity
    Mankato Apartment Building Investment Opportunity

    123 N 4th Street, Mankato, MN 56001

    $2,100,000

    28-unit apartment building near downtown Mankato.

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    Apartment Building Near Mayo Clinic
    Apartment Building Near Mayo Clinic

    115 Echo Street, Mankato, MN 56001

    Contact for pricing
    48,696 sqft

    Apartment building near Mayo Clinic Health System in Mankato.

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    Three-Story Mixed-Use Property
    Three-Story Mixed-Use Property

    1633 Monks Ave, Mankato, MN 56001

    Contact for pricing
    46,446 sqft

    Combines service-based retail with student housing and full apartment kitchens.

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    Remodeled Mixed-Use Property
    Remodeled Mixed-Use Property

    500 S 2nd St, Mankato, MN 56001

    $5,750,000

    Downtown mixed-use complex combines remodeled apartments, commercial space, and shared elevator access.

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    Multifamily Apartment Community
    Multifamily Apartment Community

    160 Homestead Road, Mankato, MN 56001

    Contact for pricing

    72-unit multifamily property with strong occupancy and convenient access via major highways near Minnesota State University, Mankato.

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    Four-Building Apartment Portfolio
    Four-Building Apartment Portfolio

    2040 Prairie Rose Dr, Mankato, MN 56001

    Contact for pricing

    Professionally managed multifamily property comprising four apartment buildings with a balanced unit mix and recent construction history.

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    Student Housing Apartment Buildings
    Student Housing Apartment Buildings

    527/529 S 5th Street, Mankato, MN 56001

    Contact for pricing

    Student-oriented housing package near campus and downtown with bus service directly outside the property.

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    Mixed-Use Multifamily Building
    Mixed-Use Multifamily Building

    340 Stadium Rd, Mankato, MN 56001

    Contact for pricing
    29,484 sqft

    Newer mixed-use multifamily building with on-site parking and good signage, near MSU campus amenities.

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    Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 12 Active listings in Mankato, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Building with Five Apartments
    Mixed-Use Building with Five Apartments

    235 - 237 Belgrade Ave, North Mankato, MN 56003

    $2,600,000
    7,846 sqft

    Main-level retail space currently serves as a skin and spa clinic, while upper floors contain modern residential units.

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    11-Unit Apartment Building
    11-Unit Apartment Building

    905 E 5th Street, Blue Earth, MN 56013

    $419,900
    0.60 AC lot

    Mixed apartment layouts feature individual utility metering, resident parking, and seller-owned coin laundry.

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    Value-Add Apartment Opportunity
    Value-Add Apartment Opportunity

    830 Moore St., Blue Earth, MN 56013

    Contact for pricing
    19,200 sqft 0.97 AC lot

    Apartment complex with value-add potential in Blue Earth, Minnesota.

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    Mixed-Use Property with Apartments
    Mixed-Use Property with Apartments

    237 Belgrade Ave, North Mankato, MN 56003

    Contact for pricing

    Existing medical spa space is paired with five apartments, offering a combination of commercial and residential income uses.

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    Off-Market Properties in Mankato, MN

    Consider similar Off-Market properties in Mankato, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2040 Pr Rose Dr
    Multifamily properties

    2040 Pr Rose Dr, Mankato, MN 56001

    Value Estimation by Request
    7.10 AC lot
    View details
    340 Stadium Rd
    Multifamily properties

    340 Stadium Rd, Mankato, MN 56001

    Value Estimation by Request
    9,829 sqft
    View details
    217 Spring St
    Multifamily properties

    217 Spring St, Mankato, MN 56001

    Value Estimation by Request
    View details
    504 James Ave
    Multifamily properties

    504 James Ave, Mankato, MN 56001

    Value Estimation by Request
    131,544 sqft 5.67 AC lot
    View details

    Mankato, MN Apartment Buildings Market Trends and Statistics

    Explore 16 apartment buildings for sale in Mankato, MN, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 127,740 square feet of properties for sale, with an estimated market value of $12,549,000.

    Sale prices for two-family homes in Mankato, MN start at $599,000, averaging $2,509,800, and reaching up to $5,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 66K
    Population Growth (5Y) +5.3%
    Median Household Income $70,313
    College Educated 26.5%

    High-Yield Neighborhoods for Investment

    Identify Mankato submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    56001 $2.5M

    Taxes & Financing

    Tax Rate (average for all types) 2.45%
    Property Tax per SF $31.30 per SF
    Tax Rate vs County Average 0.12 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Mankato fall within the 100,000+ square foot range.

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