28-Unit Apartment
For Sale
$2,100,000
123 N 4th Street, Mankato, MN 56001
Commercial Sale, Mankato, MN
Property SizeContact for details
Lot Size0.24 Acres
Days on Market196
Property Features for 123 N 4th Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Residential-Multi-Family
Parking features
On Street
Subdivision
Mankato
High school district
Mankato
Directions
Madison Ave to N Fourth Street, Apartment complex on the left.
Standard status
Active
APN
R010918203004
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
24063
Utilities
Heating system
Oil
Amenities
on site laundry area
Building Details
Year built
1926
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
Listed By:
Shawna L. Wolfe
(507) 424-4422
Added: Apr 6
Changed: Oct 1
Last Checked: Oct 18 at 3:06PM
MLS# 7049981
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.
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Investment Insights
Based on property information with market context.
This 28-unit apartment building was constructed in 1926 and sits on a 0.24-acre lot. The unit mix comprises 19 one-bedroom apartments, 3 two-bedroom apartments, and 6 studios. Improvements include new windows, flooring, paint, doors, and tiled hallways. An on-site laundry area serves the building, and select apartments have upgraded kitchen cabinetry and countertops. The building is heated with oil, and parking is on street.
Downtown amenities and public transit are within walking distance.
Downtown amenities and public transit are within walking distance.
Key Highlights
- 28 apartments: 19 one‑bedroom units, 3 two‑bedroom units, and 6 studios
- Built in 1926 on a 0.24‑acre lot
- Updates include windows, flooring, paint, doors, and tiled hallways
Property Analytics
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Current Use
Lease Details
28
Residential units
Location Intelligence
Trade Area within ½ mile
1,624
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The apartments include an on-site laundry area and a mix of studio, one-bedroom, and two-bedroom layouts.
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; Built in 1926 on a 0.24‑acre lot; Updates include windows, flooring, paint, doors, and tiled hallways
