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    217 E Spring St Mankato, MN 56001

    For Sale
    $410,000

    4-plex, Multi-Family - Mankato, MN

    Type:Multi Family
    Property size:
    3,217 SF
    Lot size:
    0.11 Acres
    Days on Market:
    43
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 217 E Spring St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    4
    APN
    R01.09.07.451.006
    Interior features
    Unfinished
    EntryLevel
    Lower Left,Lower Right,Upper Left,Upper Right
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Size
    3,217 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1881
    Floors in Building
    2
    Number of units
    4
    Building materials
    Stucco
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Keller Williams Premier Realty (507) 424-4422 [email protected]

    Listing agent SHAWNA WOLFE 504742444256018 License #20215401

    Listing date Oct 24, 2025

    MLS# 7036329 Listing URL

    Copyright © 2025 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.

    Overview

    Mankato 4-Plex Investment Opportunity

    Located in Central Mankato, this 4-plex presents an investment opportunity with upgrades and a rental history. The property features long-term tenants with leases in place through the fall of 2025. Upgrades include updated electrical and plumbing systems, vinyl windows, a newer furnace, coin-operated laundry facilities, gutters, and downspouts. The property is situated on a lot of 0.11 acres and the building size is 3217 square feet. This property is located in Blue Earth County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.997234
    Latitude
    44.170014

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    FAQs

    What type of property is this?
    Quadplex - Turn-key Mankato 4-plex with long-term tenants and extensive upgrades.
    Where is this quadplex located?
    The property is located at 217 E Spring St Mankato, MN.
    What is the asking price?
    The asking price for this property is $410,000.
    What are key features of this property?
    This property features: - Turn-key investment property with leases in place through Fall 2025 guaranteeing immediate rental income.; - Extensive upgrades including updated electrical, plumbing, vinyl windows, and newer furnace.; - Located in the heart of Central Mankato.
    (504) 742-4442
    Request Owner's contact information
    217 E Spring St Mankato, MN 56001
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    Mankato, MN 56001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    217 E Spring St Mankato, MN 56001
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