123 N 4th Street Mankato, MN 56001

Building Details

Year built

1926

Roof type

Flat

Listing Agency Keller Williams Premier Realty k***@gmail.com Show Phone

2765 Commerce Drive NW, Rochester, MN

Listed by SHAWNA WOLFE · License #20215401 Show Phone

Added: Apr 6 Checked: Jul 16 at 7:06 pm

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MLS# 7039895

Copyright © 2026 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 28-unit apartment building in Mankato, MN, presents an investment opportunity. The property includes 19 one-bedroom units, 3 two-bedroom units, and 6 studio apartments. Recent improvements feature new windows, updated flooring, fresh paint, new doors, and tiled hallways. An on-site laundry area is available. Select units have upgraded kitchen cabinetry and countertops. The property offers additional renovation opportunities for a new owner to further enhance value and increase rents. Investors can customize management and maximize returns by updating remaining units and placing their own tenants. The building is located within walking distance of downtown amenities and public transit.

Key Highlights

• 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.

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FAQs

What type of property is this?

Apartment building - 28-unit apartment building near downtown Mankato.

Where is this apartment building located?

The property is located at 123 N 4th Street Mankato, MN.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: 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.