Triplex with Updated
For Sale
Contact for pricing
1035 Thompson Ravine Rd, Mankato, MN 56001
Fully leased units feature new flooring, fresh paint, and a replacement furnace.
Property Size3,670 SF
Price / SF$114.17
Days on Market143
Property Features for 1035 Thompson Ravine Rd
General Information
Standard status
Active
Size
3,670 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Year Built
1956
Units
3
Listing Agency:
Engvest Group - eXp Commercial
Listed By:
Michelle Larson-Hoppe · License #ND
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 31 at 8:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engvest Group - eXp Commercial
Investment Insights
Based on property information with market context.
This triplex at 1035 Thompson Ravine Rd in Mankato, MN, contains 3,670 square feet with 8 bedrooms and 4 bathrooms. Built in 1956, the property sits on over an acre and includes three leased units. Recent improvements include new flooring, fresh paint, and a new furnace.
Tenants pay all utilities, and the current cap rate is above 6%. The property is located in Mankato, MN 56001, providing an established residential income configuration with existing occupancy.
Tenants pay all utilities, and the current cap rate is above 6%. The property is located in Mankato, MN 56001, providing an established residential income configuration with existing occupancy.
Key Highlights
- Three‑unit property with 8 bedrooms and 4 bathrooms
- 3,670 SF triplex on over an acre lot
- All units are currently leased
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
273
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
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased units feature new flooring, fresh paint, and a replacement furnace.
Where is this triplex located?
The property is located at 1035 Thompson Ravine Rd Mankato, MN.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Three‑unit property with 8 bedrooms and 4 bathrooms; 3,670 SF triplex on over an acre lot; All units are currently leased
