28-Unit Apartment
For Sale
$2,100,000
123 N 4th Street, Mankato, MN 56001
Commercial Sale, Mankato, MN
Property SizeContact for details
Lot Size0.24 Acres
Days on Market148
Property Features for 123 N 4th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential-Multi-Family
Parking features
On Street
Exterior features
Brick/Stone
Subdivision
Mankato
High school district
Mankato
Directions
Madison Ave to N Fourth Street, Apartment complex on the left.
Standard status
Active
APN
R010918203004
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
24063
Utilities
Heating system
Oil
Amenities
on site laundry area
Building Details
Year built
1926
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
(507) 424-4422
Listed By:
Shawna L. Wolfe · License #20215401
(507) 424-4422
Added: Apr 6
Changed: Aug 27
Last Checked: Aug 31 at 11:06AM
MLS# 7049981
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 28-unit apartment building contains 19 one-bedroom units, 3 two-bedroom units, and 6 studio apartments. Improvements include new windows, updated flooring, fresh paint, replacement doors, tiled hallways, and an on-site laundry area. Select apartments feature upgraded kitchen cabinetry and countertops, while additional units remain available for renovation.
Built in 1926, the property occupies 0.24 acres and has a brick or stone exterior. Heating is provided by oil, and parking is available on the street. The building is within walking distance of downtown amenities and public transit.
Built in 1926, the property occupies 0.24 acres and has a brick or stone exterior. Heating is provided by oil, and parking is available on the street. The building is within walking distance of downtown amenities and public transit.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
28
Residential units
Location Intelligence
Trade Area within ½ mile
1,624
Businesses Nearby
Explore this area
Business Placement
Demographics for 56001, MN
50,729
Population
21,583
Households
2.4
Avg Household Size
30
Median Age
37%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
443
Density / Sq Mi
$67,224
Median Household Income
$29,122
Median Earnings
$1,088
Median Rent
$263,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Updated multifamily property with varied unit mix, on-site laundry, and additional renovation potential.
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 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
