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    Mankato, MN Apartment Buildings for Sale

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    Mankato Multifamily Investment Property
    Updated: Apr 1
    Mankato Multifamily Investment Property

    221 E Walnut Street, Mankato, MN 56001

    $599,000
    0.68 AC lot
    Fully leased 6‑unit investment property in downtown Mankato
    Newer roof and energy‑efficient windows
    Baseboard heat with oil heating
    Separate electrical meters
    Secure common entrance
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    Mankato Apartment Building Investment Opportunity
    Updated: Apr 6
    Mankato Apartment Building Investment Opportunity

    123 N 4th Street, Mankato, MN 56001

    $2,100,000
    28‑unit apartment building investment opportunity.
    Attractive mix of 19 one‑bedroom, 3 two‑bedroom, and 6 studio apartments.
    Recent improvements include new windows, updated flooring, fresh paint, new doors, tiled hallways.
    On‑site laundry area for tenant convenience.
    Opportunity for further renovation to enhance value and increase rents.
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    Apartment Building Near Mayo Clinic
    Apartment Building Near Mayo Clinic

    115 Echo Street, Mankato, MN 56001

    $7,500,000
    48,696 sqft

    Apartment building near Mayo Clinic Health System in Mankato.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Multifamily Apartment Community
    Multifamily Apartment Community

    160 Homestead Road, Mankato, MN 56001

    Contact for pricing
    81,900 sqft

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

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    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 4 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, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Richfield Multifamily Investment Opportunity
    Richfield Multifamily Investment Opportunity

    7427 Penn Ave S, Minneapolis, MN 55423

    $2,400,000
    10,649 sqft

    21-unit apartment building in desirable Richfield submarket.

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    Minneapolis Multifamily Investment Opportunity
    Minneapolis Multifamily Investment Opportunity

    4525 4th Ave S, Minneapolis, MN 55419

    $1,020,000
    5,070 sqft

    Well-maintained 8-unit apartment building in desirable Minneapolis location.

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    Turnkey Seven-Unit Apartment Building
    Turnkey Seven-Unit Apartment Building

    8311 Excelsior Blvd, Hopkins, MN 55343

    $875,000

    Turnkey, fully leased seven-unit apartment building with all one-bedroom units and updated key infrastructure.

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    12-Unit Apartment Building
    12-Unit Apartment Building

    57 6th Avenue South, Hopkins, MN 55343

    $1,350,000

    Twelve apartment units with individually controlled HVAC and 13 on-site parking spaces, blocks from Downtown Hopkins Mainstreet.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Commercial Buildable Land Parcel
    Commercial Buildable Land Parcel

    801 NW 36th Avenue, Norman, OK 73072

    $250,000
    0.74 AC lot

    Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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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 8 apartment buildings for sale in Mankato, MN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 48,696 square feet of properties for sale, with an estimated market value of $7,500,000.

    Sale prices for two-family homes in Mankato, MN start at $7,500,000, averaging $7,500,000, and reaching up to $7,500,000 — 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 $3.4M

    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%

    Listings Trend

    New vs delisted commercial listings in Blue Earth County

    New Delisted

    Property Size Breakdown

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

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