28-Unit Apartment
For Sale
Under Contract
$2,100,000
123 N 4th Street, Mankato, MN 56001
COMMERCIAL, Mankato, MN
Property SizeContact for details
Days on Market208
Property Features for 123 N 4th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Mankato #77
Middle school district
Mankato #77
High school district
Mankato #77
Directions
Madison Ave to Fourth Street. Apartment complex on left
Subdivision
MANKATO CENTRAL
Standard status
Active Under Contract
APN
R01.09.18.203.004
Taxes and HOA fees
Tax Year
2026
Tax Description
CITY OF MANKATO 002 048 00
Tax Annual Amount
24063
Legal Description
CITY OF MANKATO 002 048 00
Amenities
on-site laundry
Building Details
Year built
1926
Roof type
Flat
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
(504) 742-4442
Listed By:
SHAWNA WOLFE · License #20215401
(507) 420-1877
Added: Apr 6
Changed: Oct 27
Last Checked: Oct 30 at 2:06PM
MLS# 7039895
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.
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Investment Insights
Based on property information with market context.
This 28-unit apartment property was built in 1926 and includes 19 one-bedroom apartments, 3 two-bedroom apartments, and 6 studios. Interior work includes refreshed flooring and paint, replacement doors, tiled corridors, and kitchen cabinetry and countertops upgraded in select units. New windows have also been installed, and residents have access to an on-site laundry area.
The property is within walking distance of downtown amenities and public transit. Its flat roof is another documented building feature.
The property is within walking distance of downtown amenities and public transit. Its flat roof is another documented building feature.
Key Highlights
- 28 apartments: 19 one‑bedroom units, 3 two‑bedroom units, and 6 studios
- New windows, refreshed flooring and paint, replacement doors, and tiled hallways
- Select apartments have upgraded kitchen cabinetry and countertops
Property Analytics
Who owns this building?
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Lease Details
28
Residential units
Location Intelligence
Trade Area within ½ mile
1,624
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - A mix of studio, one-bedroom, and two-bedroom residences is complemented by on-site laundry.
Where is this apartment building located?
The property is located at 123 N 4th Street Mankato, MN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 28 apartments: 19 one‑bedroom units, 3 two‑bedroom units, and 6 studios; New windows, refreshed flooring and paint, replacement doors, and tiled hallways; Select apartments have upgraded kitchen cabinetry and countertops
