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    8-Bed Triplex with Leased Units Title is generated by Realmo AI

    1035 Thompson Ravine Road, Mankato, MN 56001

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    For Sale
    $419,000

    MULTI_FAMILY - Mankato, MN

    Property size:
    3,760 SF
    Lot size:
    1.39 Acres
    Price / SF:
    $111/SF
    Added:
    Mar 1, 2026
    Days on Market:
    121
    Last Refresh:
    Jun 30 at 12:06 am

    Property Features for 1035 Thompson Ravine Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bedroom 8, Bedroom 1, Bedroom 4, Basement, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 7, Bathroom 2
    Parking features
    Driveway
    Exterior features
    Brick/Stone
    Standard status
    Active
    APN
    R010908277004
    Size
    3,760 SF
    Lot size
    1.39 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4402

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1956
    Roof type
    Flat

    We can help!

    Contact an agent
    Parveen Kumar

    Listing agent Parveen Kumar

    Listing office eXp Realty 4525 White Bear Parkway Suite 122, White Bear Lake, MN

    Listing date Mar 1, 2026

    MLS# 7028529 Listing URL

    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.

    HighLights

    • 8‑bedroom, 4‑bath triplex in Mankato
    • All units are leased; monthly rent currently $3,050
    • Tenant pays all utilities
    • Over an acre lot
    • Updates include new floor, paint, and furnace
    • Brick/stone exterior with flat roof; driveway parking; forced‑air heating

    Overview

    This 8-bedroom, 4-bath triplex offers a three-unit residential income configuration. All units are currently leased on a monthly basis. Tenants are responsible for paying all utilities. The property has received recent improvements, including new flooring, fresh paint, and a newly installed furnace.

    The triplex is situated at 1035 Thompson Ravine Road in Mankato, Minnesota, on a lot sized at 1.39 acres. This single property provides an owner the ability to manage a compact, multi-unit rental setup on a larger residential parcel.

    For prospective buyers or investors seeking a turn-key residential income asset, the fully leased status and tenant-paid utilities can simplify operating structure from day one. Recent updates to the interior finishes and heating system help reduce near-term capital concerns compared with properties requiring immediate renovation. For showings, the listing notes that a 24–48 hour notice is required for tenant coordination, and a pre-approval letter is preferred prior to viewing. Rent roll information can be requested from the listing agent.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.972002
    Latitude
    44.177479

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    FAQs

    What type of property is this?
    Triplex - Fully leased 8-bedroom triplex with tenant-paid utilities and recent interior updates, suitable for steady rental income.
    Where is this triplex located?
    The property is located at 1035 Thompson Ravine Road 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: 8‑bedroom, 4‑bath triplex in Mankato; All units are leased; monthly rent currently $3,050; Tenant pays all utilities
    (612) 751-9303
    We can help!
    Contact an agent
    Parveen Kumar
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