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Duplex Property with Rented Garage
For Sale
$500,000

520 S 2nd Street, Mankato, MN 56001

Residential Income, Mankato, MN

Property Size3,000 SF
Lot Size0.24 Acres
Price / SF$166.67
Days on Market62

Property Features for 520 S 2nd Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Business/Commercial, Residential-Multi-Family
Bedrooms 9
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 4, Bathroom 5, Basement, Bedroom 4, Bedroom 5, Bedroom 7, Bathroom 3, Bedroom 8, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 9, Bedroom 1, Bathroom 1, Bedroom 3
Parking features Assigned, Parking Lot
Exterior features Brick/Stone, Stucco
Subdivision Auditors 1
High school district Mankato
Directions Warren St to 2nd Street
Standard status Active
APN R010918106027
Size 3,000 SF
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 5410

Utilities

Heating system Forced Air, Baseboard

Building Details

Year built 1884
Listing Agency: RE/MAX Results · RE/MAX International
Listed By: Kevin Goettl · License #MN 95340
Added: Jun 24 Changed: Aug 20 Last Checked: Aug 24 at 8:06AM
MLS# 7098936

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 duplex property contains 3,000 square feet on a 0.239-acre lot. The building dates to 1884 and features brick or stone and stucco exterior materials, with forced-air and baseboard heating. The interior includes nine bedrooms and a basement.

Zoned CBDF, or central business district fringe, the property allows commercial or residential use. Assigned parking and a parking lot are present, with rented parking spaces and a rented garage providing additional on-site components. The property is located at 520 S 2nd Street in Mankato, Minnesota, within Blue Earth County and Opportunity Zone designation.

Key Highlights

  • 3,000 SF duplex property on a 0.239‑acre lot
  • CBDF—central business district fringe—zoning
  • Commercial or residential use is permitted

Property Analytics

Current Use

Psychic energy Spiritual Center

Suggested Use

Top Pick Locksmith Carpet & Flooring Store Storage Facility Grocery & Convenience Store Barber Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,716
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - CBDF zoning supports commercial or residential use.
Where is this duplex located?
The property is located at 520 S 2nd Street Mankato, MN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3,000 SF duplex property on a 0.239‑acre lot; CBDF—central business district fringe—zoning; Commercial or residential use is permitted
More about this property
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