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Occupied Triplex
For Sale
$280,000

1104 N 5th Street, Mankato, MN 56001

MULTI-FAMILY, Triplex, Mankato, MN

Property Size1,225 SF
Lot Size0.24 Acres
Price / SF$228.57
Days on Market113

Property Features for 1104 N 5th Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning R2
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Basement, Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 3
Exterior features Driveway - Concrete
Basement Unfinished
Lot features Corner Lot, Landscaped
Elementary school district Mankato #77
Middle school district Mankato #77
High school district Mankato #77
Subdivision MANKATO CENTRAL
Standard status Active
APN R01.09.08.154.013
Size 1,225 SF
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description RANDALLS ADD 006 011
Tax Annual Amount 4320
Legal Description RANDALLS ADD 006 011

Utilities

Heating system Oil

Building Details

Year built 1896
Floors in Building 2
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: Connect Real Estate Group
Listed By: Christa Wolner
Added: May 6 Changed: Aug 22 Last Checked: Aug 26 at 11:06AM
MLS# 7040188

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This triplex includes three residential units within a 1,225-square-foot property on a 0.24-acre lot. Each unit is currently occupied, and residents are responsible for their own utilities. The interior layout includes bedrooms, bathrooms, and a basement, while the building is heated with oil and topped by a shingle roof.

Built in 1896, the property is located in Mankato, Minnesota, and carries R2 zoning. Exterior improvements include a concrete driveway. The existing occupancy and utility arrangement provide an established operating setup for a multifamily property.

Key Highlights

  • Three residential units are currently occupied
  • Tenants pay all utilities
  • 1,225 square feet on 0.24 acres

Property Analytics

Current Use

Triplexes

Suggested Use

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

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

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

796
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
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Frequently Asked Questions

What type of property is this?
Triplex - Three residential units are leased, with utility costs paid by occupants.
Where is this triplex located?
The property is located at 1104 N 5th Street Mankato, MN.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Three residential units are currently occupied; Tenants pay all utilities; 1,225 square feet on 0.24 acres
More about this property
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